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.
