• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Sunday, July 20, 2025
  • Login
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home News

Lenskart Raises Funds from Premji Invest

by Chinmay Bidkar
September 7, 2016
in News
Reading Time: 2 mins read
0
PremjiInvest Might Back Eyewear Shopping Portal Lenskart

Image : Lenskart

TwitterWhatsappLinkedin

 

You might also like

RFK Jr.’s Plan to Overhaul the U.S. Vaccine Injury Program Sparks Alarm Across Health Sector

GenAI Takes Center Stage in Netflix Shows and Films

Jio Financial Services and Allianz Group Ink 50:50 Reinsurance Joint Venture Deal

Image : Lenskart
Image : Lenskart

07 September 2016, India :

Lenskart Solutions Pvt. Ltd, the online eyewear retailer, on Tuesday said it has raised an undisclosed amount from Premji Invest, the investment office of Azim Premji, chairman and founder of the Wipro Group.

Lenskart is one of the leading players in the Indian eye-wear market with presence in the assembly, manufacturing, wholesale distribution and supply of High Quality eye-wear products, such as eyeglasses, power sunglasses and contact lenses. With this investment, Premji Invest joins other marquee investors like IFC (venture capital arm of World Bank), TPG Growth, IDG Ventures, Unilazer Ventures, Adveq on the company’s cap table.

Peyush Bansal, CEO and Founder, Lenskart said, “We are thrilled and humbled with the confidence shown by Premji Invest in Lenskart. With this collaboration, the company will be able to draw on Premji Invest’s extensive experience, particularly in retail and creating long lasting brands to realize its potential and develop best practices.” We intend to grow strategically thereby strengthening our presence via both online and offline channels.

TCM Sundaram, Founder & Managing Director – IDG Ventures, one of Lenskart’s key investors also opined, “IDG has been part of the Lenskart story since its early days. We continue to believe in Peyush’s and Lenkart’s vision to become the default eye-wear brand in India. Lenskart will be able to leverage Premji Invest’s expertise in consumer and retail sectors to fuel its future growth.”

Previously, the Ratan Tata-backed company has raised about Rs 714 crore from investors like IFC (venture capital arm of the World Bank), TPG Growth, IDG Ventures, Unilazer Ventures and Adveq.

Also read-
AMARINDER S DHALIWAL APPOINTED AS NEW CHIEF PRODUCT OFFICER OF INDIAMART
ZYBO TRACKING SOLUTIONS RAISES FUNDS FROM FOREIGN INVESTORS

 

Tags: fundingInvestmentLenskartPeyush BansalPremji Invest
Tweet54SendShare15
Previous Post

How Intern Superstars Srishti And Gagan Of SHEROES Are Connecting Women With Opportunities Each Day !

Next Post

Google Planning to Develop ‘Bharat Saves’ ; a Guide on Financial Planning

Chinmay Bidkar

Curious, Keen Observant & Dynamic! Chinmay finds peace in meeting people who work hard for humanity. He has new found interest in Gadgets and Techs and at Techstory he gets to write about it! Reach out at- [email protected]

Recommended For You

RFK Jr.’s Plan to Overhaul the U.S. Vaccine Injury Program Sparks Alarm Across Health Sector

by Anochie Esther
July 20, 2025
0
Kennedy

Five months into his tenure as Secretary of Health and Human Services (HHS), Robert F. Kennedy Jr. has set his sights on a quiet but critical pillar of...

Read more

GenAI Takes Center Stage in Netflix Shows and Films

by Sneha Singh
July 20, 2025
0
GenAI Takes Center Stage in Netflix Shows and Films

Netflix has achieved an unpublicized milestone that could change the manner in which movies and television are made. The streaming giant announced Thursday that it successfully used artificial...

Read more

Jio Financial Services and Allianz Group Ink 50:50 Reinsurance Joint Venture Deal

by Anochie Esther
July 20, 2025
0
JFSL

In a landmark move poised to reshape India's insurance landscape, Jio Financial Services Ltd (JFSL) and Germany-based Allianz Group have entered into a binding agreement to form a...

Read more
Next Post
Google Working on New OS Named Fuchsia

Google Planning to Develop 'Bharat Saves' ; a Guide on Financial Planning

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple Artificial Intelligence bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?