Lenskart

The eyewear retailer will use IPO proceeds for new store openings, lease and license payments, technology and cloud upgrades, marketing, potential acquisitions, and general corporate expenses to expand operations and strengthen its presence across India.

This partnership aims to fuse Lenskart's strength in eyewear design and technology-first approach with Ajna's deep-tech expertise.

The Peyush Bansal-led startup has also taken clear steps towards going public by changing its name from Lenskart Solutions Private Limited to Lenskart Solutions Limited, following approval from its existing shareholders.

The fresh capital will be deployed to expand the startup's on-demand "Try at Home" services to 40 cities, bolster research and development (R&D), and establish 25–30 company-owned experience centers within the next year.

FLF III aims to invest in 12–14 startups across sectors like financial services, healthcare, technology, consumer goods, and manufacturing, with ticket sizes ranging from INR 150–300 crore per investment.

Highlighting 2024 key funding deals, innovative startups across industries secured substantial investments, driving growth, fostering innovation, and unlocking new opportunities for market expansion and development.

The project is expected to generate around 2,100 jobs, with discussions underway for an additional R&D center.

The startups listed below have disclosed investment rounds.

By introducing OWNDAYS, Lenskart is enhancing its portfolio with designs that embody balance and sophistication, catering to customers seeking modern aesthetics and superior craftsmanship.

The fund aims to invest in over 20 companies, up to INR 15 crore (USD 2 million) each, and has already backed three promising startups.

Gupta brings a wealth of experience from his nine-year tenure at OYO, where he played a pivotal role in fundraising, managing investor relations, and overseeing business partnerships.

This round follows an earlier investment in April 2024 from the family office of Peyush Bansal, founder of Lenskart, alongside Caret Capital.

The startups listed below have raised the most money this week, from June 1 to June 6. Below is a brief summary of them:

The Gurugram-based eyewear brand received a USD 100 million investment last year from a private equity group, ChrysCapital.

The recent announcement comes after Blinkit founder Albinder Dhindsa announced a partnership with Atomberg, a manufacturing company for energy-efficient home appliances.

According to the company, the funding will support its growth plans and help strengthen its position in the global eyewear space

Eyewear retailer Lenskart has devised low-cost franchise model to tap the upcountry markets as it targets 50 per cent of its new stores beyond tier 1 cities.

With more and more e-commerce companies going offline, is it correct to say that offline is the future of online start-ups and companies?

In the last one year, Lenskart has invested in three such early-stage startups

Though the investment is low, the valuation of the company has shot up