Lenskart raises US$ 275 million from SoftBank Vision Fund
- IBEF
- December 23, 2019
Lenskart, an omnichannel eye-wear retailer, has raised US$ 275 million plus from SoftBank Vision Fund. The investment will be utilised to enhance Lenskart's tech capabilities and to strengthen its supply chain infrastructure. Lenskart is engaged in the manufacturing and supply of eyewear products at affordable prices.
"Lenskart's vision is to revolutionise the eye-wear industry. Technology and AI are the biggest enablers in what we do and want to achieve," said Peyush Bansal, Founder & CEO of Lenskart. He added that major part of this investment would go towards building next-generation technology and supply chain to deliver the next billion glasses with the highest quality at the best price.
Lenskart uses the technology and AI in every aspect of its operation as well as interacting with consumers on apps or in stores, for the product, retail footprint, pricing, supply chain, manufacturing and logistics to deliver seamless customer experience in consumer retail.
As Lenskart was founded in 2010 in India, currently having 500 plus stores across 100 plus cities in India.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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