- News Roundup: 13 Indian Startup News Stories That You Don’t Want To Miss This Week [7-12 May 2018] With the biggest news ‘accidentally’ breaking in the Indian startup ecosystem, the media corridors were buzzed majorly with Flipkart acquisition by the US retailer Walmart. Post-deal, the employees who have been associated with Flipkart for a long time have got a huge smile called ‘ESOP’. Employees who are currently working with the company may be allowed […]
- Lenskart Plans To Invest $2-3 Mn In Tech Startups Focusing On Eyecare Ratan Tata-backed Indian eyewear startup Lenskart has plans to invest $2-3 Mn in startups working on either products or technologies that can help provide affordable eyecare solutions. Talking to PTI, Peyush Bansal, founder and CEO of Lenskart, said, “These companies (could be a tech or product company working on eyecare solutions, be it an innovative […]
- TR Capital Raises Its Stake In Lenskart To 10% Post Secondary Share Sale In yet another successful secondary investment in India, TR Capital has announced that it now holds more than 10% stake in Indian eyewear startup Lenskart. As Inc42 had earlier reported TR Capital and PremjiInvest will purchase the shares from TPG Growth and IDG Ventures India respectively in Lenskart. The secondary sale of shares was set […]
- News Roundup: 9 Indian Startup News Stories That You Don’t Want To Miss This Week [12-17 Mar 2018] We bring to you the latest dope of Indian startup news stories of the week from the Indian startup ecosystem. One of the biggest news impacting the Indian startup ecosystem was edtech platform BYJU joining the unicorn club. According to filings with the Ministry of Corporate Affairs, the latest capital infusion, including the one by […]
- Lenskart To Invest $5 Mn In 3 Years At Its Manufacturing Facility, Targets 3 Lakh Frames Per Month Indian eyewear startup Lenskart is looking to invest $5 Mn in the next three years in its manufacturing facility for spectacles frames, reports ET. The existing manufacturing facility in Gurugram has the capacity to produce one lakh frames per month and the CEO Peyush Bansal is aiming to increase it up to three lakh frames […]
- Lenskart Valuation To Reach $460 Mn Post Secondary Share Sale Worth $61.3 Mn Indian eyewear startup Lenskart, which follows omni-channel retail model, is all set to rake up its valuation up to $460 Mn (INR 3000 Cr). Per se reports, the company is undertaking a secondary share sale worth $61.3 Mn (INR 400 Cr). As of now, Lenskart’s major stakeholders include IDG Ventures India (12%), TPG Growth (22%), […]
- Naaptol Adopts Franchise Model To Make An Offline Foray Naaptol Online Shopping, which owns and runs TV shopping and ecommerce platform Naaptol.com, will soon have an offline presence too. The company has allocated $1.5 Mn (INR 10 Cr) towards the establishment of 100 stores across the country over the next year. According to a report, the company has already opened its first store in […]
- Lenskart Bet On Offline Stores Continue, To Infuse $4 Mn In John Jacobs Brand Premium eyewear brand Lenskart, which operates with an omni-channel retail model, has plans to invest $4 Mn more to set up more offline stores for one of its major brand John Jacobs. Reportedly, the company has already invested $1 Mn in the brand. The push towards scaling the brand further is on lines with the company […]
- Lenskart Picks Up Minority Stake In The US Based 3D Face Modelling Startup Ditto For $1 Mn Delhi-based Lenskart has invested $1 Mn in US-based startup Ditto for a minority stake. Ditto provides 3D face modelling for virtual trial service to eyewear retailers to improve their customer experience. Lenskart has been one of Ditto’s customers since 2016 and is using its technology on both – website and app. Further integration will help […]
- Indian Startup News That You Don’t Want To Miss This Week [News Roundup] We bring you the weekly dose of important Indian startup news of the week. One of the major highlights of the Indian startup ecosystem for the week was Grofers receiving final approval from the DIPP for food retail. This will allow Grofers to undertake retail trading in food products manufactured and/or produced in India through ecommerce […]
- Lenskart Under Fire on Social Media For Sending Unsolicited SMSes To DND Registered Users Delhi-based eyewear platform Lenskart is receiving fire on social media for sending unsolicited SMSes to users offering discounts and promotions. Some of these users have pointed out that they are being bombarded with these SMSes despite being registered on the national ‘Do Not Call’ registry. As per an OfficeChai report, the promotional message offers to let users […]
- Indian Startup Funding Report September 2016: Investments Hit A New Low The slew of late-stage fundings witnessed in August 2016 (Oyo, Hike, Quikr, ZoomCar, Mobikwik, InCred, Snapdeal and Paytm) extended into this month as well, with the likes of Druva, Byju’s, Pepperfry, Lenskart, Swiggy and Nykaa drawing in $190 Mn combined. Do not however, be misled by that number. All other startup fundings combined only grossed […]