Lenskart - Revision history

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← Older revision		Revision as of 21:13, 30 June 2022
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	\| name = Lenskart		\| name = Lenskart
	\| logo = Lenskart logo.svg		\| logo = Lenskart logo.svg
	\| logo_size = ~~400px~~		\| logo_size = 200
	\| type = [[Private company\|Private]]		0\| type = [[Private company\|Private]]
	\| industry = {{plainlist\|		\| industry = {{plainlist\|
	*[[Glasses\|Prescription eyewear]]		*[[Glasses\|Prescription eyewear]]
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	\| num_employees_year = 2020		\| num_employees_year = 2020
	\| website = {{url\|https://www.lenskart.com/\|lenskart.com}}		\| website = {{url\|https://www.lenskart.com/\|lenskart.com}}
	\| hq_location_city = ~~New Delhi~~, ~~India~~		\| hq_location_city = [[Faridabad]], [[Haryana]]
	\| location_country =		\| location_country = India
	\| num_locations = Over ~~500~~ stores<ref name="Business Insider">{{cite web\|title=Lenskart to launch 500 stores in 2020 and increase its focus on AI and digital marketing, says Co-founder, Amit Chaudhary \|url= https://www.businessinsider.in/advertising/brands/article/lenskart-to-launch-500-stores-in-2020-and-increase-its-focus-on-ai-and-digital-marketing-says-co-founder-amit-chaudhary/articleshow/74640870.cms \|access-date=2 July 2021}}</ref>		\| num_locations = Over 900 stores<ref name="Business Insider">{{cite web\|title=Lenskart to launch 500 stores in 2020 and increase its focus on AI and digital marketing, says Co-founder, Amit Chaudhary \|url= https://www.businessinsider.in/advertising/brands/article/lenskart-to-launch-500-stores-in-2020-and-increase-its-focus-on-ai-and-digital-marketing-says-co-founder-amit-chaudhary/articleshow/74640870.cms \|access-date=2 July 2021}}</ref>
			\| subsid = Neso Brands<ref>{{cite news \|title=Lenskart-backed Neso Brands raises $100 million, appoints Bjorn Bergstrom CEO \|url=https://www.financialexpress.com/industry/lenskart-backed-neso-brands-raises-100-million-appoints-bjorn-bergstrom-ceo/2528578/ \|access-date=22 June 2022 \|work=Financial Express \|language=en}}</ref>
	}}		}}

	'''Lenskart''' is an Indian optical [[Glasses\|prescription eyewear]] [[retail chain]], based in ~~the city of New Delhi, India~~.<ref>{{cite news \|title=Lenskart plans to hire over 2,000 employees in India by next year \|url=https://www.livemint.com/companies/news/lenskart-plans-to-hire-over-2-000-employees-in-india-by-next-year-11628679429872.html \|access-date=16 February 2022 \|work=mint \|date=11 August 2021 \|language=en}}</ref> As of September 2020, Lenskart had 500+ stores in over 40 cities in India.<ref name=":4">{{Cite web\|url=https://www.businessinsider.in/lenskart-could-be-indias-next-unicorn-as-kedaara-softbank-are-in-talks-to-invest/articleshow/70942559.cms\|title=9 years later, Lenskart set to be a unicorn having fought off losses and welcomed investors\|last=Dash\|first=Sanchita\|date=2 September 2019\|website=[[Business Insider]]\|access-date=2019-09-08}}</ref><ref name=":1">{{Cite news\|url=https://www.business-standard.com/article/companies/lenskart-sees-more-scope-of-growth-in-non-metros-ceo-peyush-bansal-119030400015_1.html\|title=Lenskart sees more scope of growth in non-metros: CEO Peyush Bansal\|last=Sikdar\|first=Shubhomoy\|date=4 March 2019\|work=Business Standard India\|access-date=2019-08-31}}</ref> Its manufacturing facility in New Delhi manufactures 3 [[lakh]] glasses a month.<ref name=":3">{{Cite web\|last=Bali\|first=Shinmin\|date=4 November 2018\|title=Expansion Plan: Lenskart eyes 50% market share\|url=https://www.financialexpress.com/market/expansion-strategy-lenskart-eyes-50-market-share/1371767/\|access-date=2019-08-31\|website=The Financial Express\|language=en-US}}</ref>		'''Lenskart''' is an Indian optical [[Glasses\|prescription eyewear]] [[retail chain]], based in [[Faridabad]].<ref>{{cite news \|title=Lenskart plans to hire over 2,000 employees in India by next year \|url=https://www.livemint.com/companies/news/lenskart-plans-to-hire-over-2-000-employees-in-india-by-next-year-11628679429872.html \|access-date=16 February 2022 \|work=mint \|date=11 August 2021 \|language=en}}</ref> As of September 2020, Lenskart had 500+ stores in over 40 cities in India.<ref name=":4">{{Cite web\|url=https://www.businessinsider.in/lenskart-could-be-indias-next-unicorn-as-kedaara-softbank-are-in-talks-to-invest/articleshow/70942559.cms\|title=9 years later, Lenskart set to be a unicorn having fought off losses and welcomed investors\|last=Dash\|first=Sanchita\|date=2 September 2019\|website=[[Business Insider]]\|access-date=2019-09-08}}</ref><ref name=":1">{{Cite news\|url=https://www.business-standard.com/article/companies/lenskart-sees-more-scope-of-growth-in-non-metros-ceo-peyush-bansal-119030400015_1.html\|title=Lenskart sees more scope of growth in non-metros: CEO Peyush Bansal\|last=Sikdar\|first=Shubhomoy\|date=4 March 2019\|work=Business Standard India\|access-date=2019-08-31}}</ref> Its manufacturing facility in New Delhi manufactures 3 lakh glasses a month.<ref name=":3">{{Cite web\|last=Bali\|first=Shinmin\|date=4 November 2018\|title=Expansion Plan: Lenskart eyes 50% market share\|url=https://www.financialexpress.com/market/expansion-strategy-lenskart-eyes-50-market-share/1371767/\|access-date=2019-08-31\|website=The Financial Express\|language=en-US}}</ref>

	== Revenue and Valuation ==		== Revenue and Valuation ==
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	In 2018, the company became profitable ([[Earnings before interest, taxes, depreciation, and amortization\|EBITDA]]).<ref name=":3" /> Lenskart launched the eyewear brand John Jacobs in 2017.<ref>{{Cite web\|url=https://www.thehindubusinessline.com/companies/john-jacobs-to-clock-500-cr-revenue-by-march-2021/article25985375.ece\|title=John Jacobs to clock ₹500 cr revenue by March 2021\|last=PTI\|date=13 January 2019\|website=The Hindu Business Line\|language=en\|access-date=2019-08-31}}</ref><ref>{{Cite web\|url=https://www.livemint.com/Companies/9SgDbvAPg4TIqX01DdMA6H/Lenskart-invests-4-million-to-expand-John-Jacobs-brand-stor.html\|title=Lenskart invests $4 million to expand John Jacobs brand stores\|last=PTI\|date=4 February 2018\|website=Livemint\|access-date=2019-08-31}}</ref> The company is in talks with Japanese group [[SoftBank Group\|SoftBank]] as well as the private equity firm Kedaara Capital for investment.<ref>{{Cite web\|url=https://www.businesstoday.in/current/corporate/lenskart-eyes-softbank-funding-to-enter-unicorn-club/story/350853.html\|title=Lenskart to become the next unicorn! Softbank to invest $350m at $1.3bn valuation\|date=27 May 2019\|website=Business Today\|access-date=2019-08-31}}</ref><ref name=":4" /> In October 2017, Lenskart's first brand ambassador was [[Katrina Kaif]].<ref>{{Cite web\|url=https://www.moneycontrol.com/news/business/lenskart-ropes-in-katrina-kaif-as-brand-ambassador-2408223.html\|title=Lenskart ropes in Katrina Kaif as brand ambassador\|date=9 October 2017\|website=Moneycontrol\|access-date=2019-08-31}}</ref><ref>{{Cite news\|url=https://economictimes.indiatimes.com/small-biz/startups/katrina-kaif-is-lenskarts-first-ever-ambassador/articleshow/61015339.cms\|title=Katrina Kaif is Lenskart's first-ever ambassador\|date=10 October 2017\|work=The Economic Times\|access-date=2019-08-31}}</ref> In March 2019, the company hired [[Bhuvan Bam]] as their first male brand ambassador.<ref>{{Cite web\|url=https://brandequity.economictimes.indiatimes.com/news/marketing/lenskart-announces-bhuvan-bam-as-its-new-brand-ambassador/68624930\|title=Lenskart announces Bhuvan Bam as its new brand ambassador\|date=29 March 2019\|website=Economic Times Brand Equity\|language=en\|access-date=2019-08-31}}</ref>		In 2018, the company became profitable ([[Earnings before interest, taxes, depreciation, and amortization\|EBITDA]]).<ref name=":3" /> Lenskart launched the eyewear brand John Jacobs in 2017.<ref>{{Cite web\|url=https://www.thehindubusinessline.com/companies/john-jacobs-to-clock-500-cr-revenue-by-march-2021/article25985375.ece\|title=John Jacobs to clock ₹500 cr revenue by March 2021\|last=PTI\|date=13 January 2019\|website=The Hindu Business Line\|language=en\|access-date=2019-08-31}}</ref><ref>{{Cite web\|url=https://www.livemint.com/Companies/9SgDbvAPg4TIqX01DdMA6H/Lenskart-invests-4-million-to-expand-John-Jacobs-brand-stor.html\|title=Lenskart invests $4 million to expand John Jacobs brand stores\|last=PTI\|date=4 February 2018\|website=Livemint\|access-date=2019-08-31}}</ref> The company is in talks with Japanese group [[SoftBank Group\|SoftBank]] as well as the private equity firm Kedaara Capital for investment.<ref>{{Cite web\|url=https://www.businesstoday.in/current/corporate/lenskart-eyes-softbank-funding-to-enter-unicorn-club/story/350853.html\|title=Lenskart to become the next unicorn! Softbank to invest $350m at $1.3bn valuation\|date=27 May 2019\|website=Business Today\|access-date=2019-08-31}}</ref><ref name=":4" /> In October 2017, Lenskart's first brand ambassador was [[Katrina Kaif]].<ref>{{Cite web\|url=https://www.moneycontrol.com/news/business/lenskart-ropes-in-katrina-kaif-as-brand-ambassador-2408223.html\|title=Lenskart ropes in Katrina Kaif as brand ambassador\|date=9 October 2017\|website=Moneycontrol\|access-date=2019-08-31}}</ref><ref>{{Cite news\|url=https://economictimes.indiatimes.com/small-biz/startups/katrina-kaif-is-lenskarts-first-ever-ambassador/articleshow/61015339.cms\|title=Katrina Kaif is Lenskart's first-ever ambassador\|date=10 October 2017\|work=The Economic Times\|access-date=2019-08-31}}</ref> In March 2019, the company hired [[Bhuvan Bam]] as their first male brand ambassador.<ref>{{Cite web\|url=https://brandequity.economictimes.indiatimes.com/news/marketing/lenskart-announces-bhuvan-bam-as-its-new-brand-ambassador/68624930\|title=Lenskart announces Bhuvan Bam as its new brand ambassador\|date=29 March 2019\|website=Economic Times Brand Equity\|language=en\|access-date=2019-08-31}}</ref>

	== ~~Logo~~ ==		In June 2022, Lenskart announced an acquisition of majority stake in the Japanese eyewear brand Owndays. The deal is estimated at around $400 million.<ref>{{cite web \|url= https://techcrunch.com/2022/06/30/lenskart-owndays/\|title=Lenskart acquires majority stake in eyewear brand Owndays in $400 million deal\|last=Singh\|first=Manish\|date=30 June 2022\|website=Tech Crunch.com\|publisher=Tech crunch\|access-date=30 June 2022}}</ref>
	~~[[File:Lenskart logo~~.~~png~~\|~~thumb~~\|~~Lenskart New Logo]]~~

	== References ==		== References ==
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	==External links==		==External links==
	*{{url\|www.lenskart.com\|Official site}}		*{{url\|https://www.lenskart.com/\|Official site}}

	[[Category:2010 establishments in Delhi]]		[[Category:2010 establishments in Delhi]]
	[[Category:Eyewear companies of India]]		[[Category:Eyewear companies of India]]
	[[Category:Eyewear brands of India]]		[[Category:Eyewear brands of India]]

Kannadaguy: Created page with "{{Short description|Indian optical retail company}} {{Use dmy dates|date=September 2020}} {{Use Indian English|date=September 2020}} {{Infobox company | name = Lenskart | logo = Lenskart logo.svg | logo_size = 400px | type = Private | industry = {{plainlist| Prescription eyewear Opticians}} | founded = {{start date and age|2010}} | founder = {{plainlist| Peyush Bansal Amit Chaudhary *Sumeet Kapahi}} | num_locations_year = 2020 | ar..."

2022-03-03T14:20:09Z

Created page with "{{Short description|Indian optical retail company}} {{Use dmy dates|date=September 2020}} {{Use Indian English|date=September 2020}} {{Infobox company | name = Lenskart | logo = Lenskart logo.svg | logo_size = 400px | type = Private | industry = {{plainlist| *Prescription eyewear *Opticians}} | founded = {{start date and age|2010}} | founder = {{plainlist| *Peyush Bansal *Amit Chaudhary *Sumeet Kapahi}} | num_locations_year = 2020 | ar..."

New page

{{Short description|Indian optical retail company}}
{{Use dmy dates|date=September 2020}}
{{Use Indian English|date=September 2020}}
{{Infobox company
| name = Lenskart
| logo = Lenskart logo.svg
| logo_size = 400px
| type = [[Private company|Private]]
| industry = {{plainlist|
*[[Glasses|Prescription eyewear]]
*[[Optician]]s}}
| founded = {{start date and age|2010}}
| founder = {{plainlist|
*Peyush Bansal
*Amit Chaudhary
*Sumeet Kapahi}}
| num_locations_year = 2020
| area_served = Worldwide
| key_people = {{plainlist|
*Peyush Bansal ([[CEO]])
*Amit Chaudhary ([[Chief operating officer|COO]])}}
| revenue = {{up}} {{INRconvert|963|c|lk=on}} (FY 2020)<ref name="FY20"/>
| net_income = {{up}} {{INRconvert|17|c}} (FY 2020)<ref name="FY20">{{cite news |title=[What The Financials] Lenskart Turns Profitable In FY20, Revenue Nears INR 1000 Cr |url=https://inc42.com/buzz/what-the-financials-lenskart-turns-profitable-in-fy20-revenue-nears-inr-1000-cr/ |access-date=29 October 2021 |work=Inc42 Media |date=23 February 2021}}</ref>
| num_employees = 5,000+
| num_employees_year = 2020
| website = {{url|https://www.lenskart.com/|lenskart.com}}
| hq_location_city = New Delhi, India
| location_country =
| num_locations = Over 500 stores<ref name="Business Insider">{{cite web|title=Lenskart to launch 500 stores in 2020 and increase its focus on AI and digital marketing, says Co-founder, Amit Chaudhary |url= https://www.businessinsider.in/advertising/brands/article/lenskart-to-launch-500-stores-in-2020-and-increase-its-focus-on-ai-and-digital-marketing-says-co-founder-amit-chaudhary/articleshow/74640870.cms |access-date=2 July 2021}}</ref>
}}

'''Lenskart''' is an Indian optical [[Glasses|prescription eyewear]] [[retail chain]], based in the city of New Delhi, India.<ref>{{cite news |title=Lenskart plans to hire over 2,000 employees in India by next year |url=https://www.livemint.com/companies/news/lenskart-plans-to-hire-over-2-000-employees-in-india-by-next-year-11628679429872.html |access-date=16 February 2022 |work=mint |date=11 August 2021 |language=en}}</ref> As of September 2020, Lenskart had 500+ stores in over 40 cities in India.<ref name=":4">{{Cite web|url=https://www.businessinsider.in/lenskart-could-be-indias-next-unicorn-as-kedaara-softbank-are-in-talks-to-invest/articleshow/70942559.cms|title=9 years later, Lenskart set to be a unicorn having fought off losses and welcomed investors|last=Dash|first=Sanchita|date=2 September 2019|website=[[Business Insider]]|access-date=2019-09-08}}</ref><ref name=":1">{{Cite news|url=https://www.business-standard.com/article/companies/lenskart-sees-more-scope-of-growth-in-non-metros-ceo-peyush-bansal-119030400015_1.html|title=Lenskart sees more scope of growth in non-metros: CEO Peyush Bansal|last=Sikdar|first=Shubhomoy|date=4 March 2019|work=Business Standard India|access-date=2019-08-31}}</ref> Its manufacturing facility in New Delhi manufactures 3 [[lakh]] glasses a month.<ref name=":3">{{Cite web|last=Bali|first=Shinmin|date=4 November 2018|title=Expansion Plan: Lenskart eyes 50% market share|url=https://www.financialexpress.com/market/expansion-strategy-lenskart-eyes-50-market-share/1371767/|access-date=2019-08-31|website=The Financial Express|language=en-US}}</ref>

== Revenue and Valuation ==
The company had a valuation of $1 billion by December 2019 after Softbank invested around $2 million.<ref>{{Cite web|title=SoftBank Vision Fund invests $275M in India's Lenskart|url=https://techcrunch.com/2019/12/20/softbank-lenskart-india/|website=TechCrunch}}</ref> Peyush Bansal, a former Microsoft employee, founded Lenskart in 2010 along with Amit Chaudhary and Sumeet Kapahi.<ref>{{Cite news|url=https://economictimes.indiatimes.com/jobs/peyush-bansal-founder-of-lenskart-in-india-selling-eyewear-talks-about-his-business-journey/articleshow/10621495.cms?from=mdr|title=Peyush Bansal, founder of Lenskart in India, selling eyewear talks about his business journey|last=Poduwal|first=Sunanda|date=6 November 2011|work=The Economic Times|access-date=2019-08-31}}</ref> In 2020, Lenskart generated total revenue of [[Indian rupee|₹]]1,000+ [[crore]].<ref>[https://gbapps.info/lenskart-business-model-or-lenskart-case-study-with-in-depth-analysis/ Lenskart]</ref> Financial backers of Lenskart include [[TPG Growth]], [[International Finance Corporation]] and Adveq Management.<ref name=":0">{{Cite web|url=https://tech.economictimes.indiatimes.com/news/startups/lenskart-set-to-turn-unicorn-with-likely-350m-softbank-funding/69511398|title=Lenskart set to turn unicorn with likely $350M SoftBank funding - ETtech|last1=Sharma|first1=Samidha|last2=Gooptu|first2=Biswarup|date=27 May 2019|website=Economic Times ETtech.com|access-date=2019-08-31}}</ref>

[[Ratan Tata]] and [[S Gopalakrishnan|Kris Gopalakrishnan]] have also invested in Lenskart.<ref name=":2">{{Cite web|url=https://www.rediff.com/business/report/how-lenskart-is-defying-the-start-up-trend/20160523.htm|title=How ''Lenskart'''''Bold text''' is defying the start-up trend|last=Sarkar|first=Ranju|date=23 May 2016|website=[[Rediff]]|language=en|others=Business Standard|access-date=2019-08-31}}</ref> In March 2018, [[Wipro]]’s Chairman [[Azim Premji]] invested ₹4 crore in the group, taking the valuation of the company to ₹3,000 crore.<ref>{{Cite web|url=https://tech.economictimes.indiatimes.com/news/startups/lenskart-valuation-touches-rs-3000-cr-after-a-secondary-transaction/63134057|title=Lenskart valuation touches Rs 3,000 Cr after a secondary transaction - ETtech|last1=Gooptu|first1=Biswarup|last2=Srinivasan|first2=Supraja|date=2 March 2018|website=Economic Times Tech|access-date=2019-08-31}}</ref><ref name=":2" />

In 2018, the company became profitable ([[Earnings before interest, taxes, depreciation, and amortization|EBITDA]]).<ref name=":3" /> Lenskart launched the eyewear brand John Jacobs in 2017.<ref>{{Cite web|url=https://www.thehindubusinessline.com/companies/john-jacobs-to-clock-500-cr-revenue-by-march-2021/article25985375.ece|title=John Jacobs to clock ₹500 cr revenue by March 2021|last=PTI|date=13 January 2019|website=The Hindu Business Line|language=en|access-date=2019-08-31}}</ref><ref>{{Cite web|url=https://www.livemint.com/Companies/9SgDbvAPg4TIqX01DdMA6H/Lenskart-invests-4-million-to-expand-John-Jacobs-brand-stor.html|title=Lenskart invests $4 million to expand John Jacobs brand stores|last=PTI|date=4 February 2018|website=Livemint|access-date=2019-08-31}}</ref> The company is in talks with Japanese group [[SoftBank Group|SoftBank]] as well as the private equity firm Kedaara Capital for investment.<ref>{{Cite web|url=https://www.businesstoday.in/current/corporate/lenskart-eyes-softbank-funding-to-enter-unicorn-club/story/350853.html|title=Lenskart to become the next unicorn! Softbank to invest $350m at $1.3bn valuation|date=27 May 2019|website=Business Today|access-date=2019-08-31}}</ref><ref name=":4" /> In October 2017, Lenskart's first brand ambassador was [[Katrina Kaif]].<ref>{{Cite web|url=https://www.moneycontrol.com/news/business/lenskart-ropes-in-katrina-kaif-as-brand-ambassador-2408223.html|title=Lenskart ropes in Katrina Kaif as brand ambassador|date=9 October 2017|website=Moneycontrol|access-date=2019-08-31}}</ref><ref>{{Cite news|url=https://economictimes.indiatimes.com/small-biz/startups/katrina-kaif-is-lenskarts-first-ever-ambassador/articleshow/61015339.cms|title=Katrina Kaif is Lenskart's first-ever ambassador|date=10 October 2017|work=The Economic Times|access-date=2019-08-31}}</ref> In March 2019, the company hired [[Bhuvan Bam]] as their first male brand ambassador.<ref>{{Cite web|url=https://brandequity.economictimes.indiatimes.com/news/marketing/lenskart-announces-bhuvan-bam-as-its-new-brand-ambassador/68624930|title=Lenskart announces Bhuvan Bam as its new brand ambassador|date=29 March 2019|website=Economic Times Brand Equity|language=en|access-date=2019-08-31}}</ref>

== Logo ==
[[File:Lenskart logo.png|thumb|Lenskart New Logo]]

== References ==
{{reflist}}

==External links==
*{{url|www.lenskart.com|Official site}}

[[Category:2010 establishments in Delhi]]
[[Category:Eyewear companies of India]]
[[Category:Eyewear brands of India]]