IPO-bound eyewear giant Lenskart raised$12.5 million from Ravi Modi Family Trust

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IPO-bound eyewear giant Lenskart raised$12.5 million from Ravi Modi Family Trust. It is to be noted that Ravi Modi Family Trust is one of the promoters of Kolkata-based Vedant Fashions which owns brands such as Manyavar, Mohey, and Manthan.

Lenskart is a chain of optical prescription eyewear retailers. Lenskart has also received investments from L Catterton, Mitsui, and Principal Investments. The combined company is said to have a presence in 13 Asian markets, including Taiwan, India, Japan, Malaysia, and Indonesia. Every month, Lenskart claims to serve 100,000 customers. The company claims to serve over 7 million customers per year through its omnichannel shopping experience, which includes online, mobile applications, and over 750 stores in 175 cities across the country. In 2019, the company expanded its international operations by opening a branch in Singapore.

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IPO-bound eyewear giant Lenskart raised$12.5 million from Ravi Modi Family Trust

IPO-bound eyewear giant Lenskart raised$12.5 million from Ravi Modi Family Trust. It is to be noted that Ravi Modi Family Trust is one of the promoters of Kolkata-based Vedant Fashions which owns brands such as Manyavar, Mohey, and Manthan.

Lenskart is a chain of optical prescription eyewear retailers. Lenskart has also received investments from L Catterton, Mitsui, and Principal Investments. The combined company is said to have a presence in 13 Asian markets, including Taiwan, India, Japan, Malaysia, and Indonesia. Every month, Lenskart claims to serve 100,000 customers. The company claims to serve over 7 million customers per year through its omnichannel shopping experience, which includes online, mobile applications, and over 750 stores in 175 cities across the country. In 2019, the company expanded its international operations by opening a branch in Singapore.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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