lenskart

Omnichannel eyewear retailer Lenskart is planning to open 300-400 stores in Southeast Asia over the next two years. The company currently has 70 stores in Singapore, and plans to expand into Thailand, followed by the Philippines, cofounder and CEO Peyush Bansal told ET in Helsinki on Thursday. He was in the Finnish capital to attend Slush 2023, an annual startup and technology ecosystem event organised in Helsinki, featuring founders and investors from all over the world.“There’s a lot to do in Asia now,” he said. “In…

As the day of my interview at Lenskart approached, I couldn’t help but feel a mix of excitement and nervousness. Sales has always been my passion, and Lenskart seemed like the perfect company to further my career.On the interview day, I arrived at the Lenskart headquarters and was immediately impressed by the modern and vibrant office environment. The receptionist warmly greeted me and directed me to a comfortable waiting area where I took a moment to gather my thoughts and review my notes.Soon, it was time for the…

Now, online shopping customers can virtually visualize how the eyewear looks on them as the Lenskart virtual try-on feature will be available on Amazon. The two companies have partnered to enhance and improve the shopping experience for customers online.Most customers prefer to buy eyewear physically as it provides a better experience to try on the glasses and get the right fit. To solve this problem, Lenskart has collaborated with Amazon Fashion to launch the virtual try-on technology. Earlier, Google also launched its…

SBICAPS currently has its corporate office in Mumbai with regional offices in New Delhi, Kolkata, Chennai, Hyderabad and Ahmedabad.Indian startups raised a total of $2.8 billion in funds in the first quarter of 2023, a massive 75 per cent lower compared to the same period in the previous year ($11.9 billion), as rising inflation and interest rates continue to impact investments significantly amid a deepening funding winter, a report showed on Monday.There were no new unicorns created in the January-March period, compared…

Amid the ongoing funding winter, investment in Indian startups managed to cross the $1 billion dollar mark in March, on the back of late-stage funding in eyewear seller Lenskart and Walmart-owned fintech PhonePe. The total funding for startups this month stood at $1.14 billion across 102 rounds, according to data provided by market intelligence firm Tracxn. This represents a 74% slump in funding on a year-on-year basis compared to $4.48 billion raised by startups across 378 rounds in March 2022. ETtechCompared to…

The Indian startup ecosystem saw a jump in funding for the period between March 11 and March 17, 2023, compared to last year at the same time, largely due to late-stage investments in omni-channel eyewear company Lenskart and Walmart-owned fintech PhonePe.Total of $782 million was poured into Indian startups in this week across 25 rounds, a 34% jump compared to the same period last year when startups raised $582 across 66 rounds, according to data provided by market intelligence firm Tracxn.ETtechThe bump up in funding…

It’s Friday and we are breaking a big story as we roll into the weekend. Flipkart cofounder Binny Bansal is eyeing an over $100 million stake in online payments major PhonePe. The deal is in the works, per sources.This and more in today’s edition of ETtech Morning Dispatch.Also in this letter:■ 🚨 New column alert: Introducing Full Stack by Samidha Sharma■ Telcos mull deploying AI to check pesky calls■ Finance ministry brings crypto under Prevention of Money Laundering ActScoop: Flipkart founder Binny Bansal in talks to…

Walmart has been operating in China since 1996 but for the first time India is poised to emerge as the largest international market for the retail giant this year, a top company executive said.This and more in today's edition of ETtech Top 5.Also in this letter:■ Sebi thinking of PCVs for long-term funding■ ADIA looking to pick up $500-mn stake in Lenskart■ Infographic Insight: Foxconn’s India playIndia to top China as largest international market in 2023: Walmart CFO “I believe India is going to be the largest…

Indian startup founders and Shark Tank judges talk to ET Now's Tamanna Inamdar about the funding winter and how the country's top startups are doing. Watch Peyush Bansal of Lenskart, Vineeta Singh of Sugar Cosmetics and Amit Jain of Cardekho weigh in with their success and survival mantras for startups. Indian startup founders and Shark Tank judges talk to ET Now's Tamanna Inamdar about the funding winter and how the country's top startups are doing. Watch Peyush Bansal of Lenskart, Vineeta Singh of Sugar Cosmetics…

Abu Dhabi Investment Authority (ADIA) is in advanced discussions with Lenskart and its existing stakeholders for an investment of $350-400 million, the largest fundraise by the omni channel eyewear retailer, said people aware of the development. Some of Lenskart’s investors are looking for a partial exit, they said. The investment will mostly be through a secondary sale of shares with a small primary round consisting of growth equity at a $4.5 billion valuation. That’s more than double the market capitalisation of Warby…