News Update

Lenskart Launches Fund To Invest $2 Million In Selected Startups

• ByStartupStory     |    June 25, 2021

Lenskart is the leading e-commerce portal for eyewear in India has announced the launch of Lenskart Vision Fund to invest in other startups. It plans to invest up to $2 million in each of the startups that are selected based on the expertise it has in areas such as eyecare, eyewear, and omnichannel retail sectors. These will be synergistic to the business of Lenskart. In addition to the infusion of capital, the selected startups will also get market access to Lenskart over 700 retail stores and online channels across India, Singapore, Middle-East and the US.

According to Lenskart, it will select early-growth stage ventures with clear in-market evidence of traction and customer adoption. The focus sectors for investing include D2C eyewear and eye care brands, technologies enabling access to vision care, supply chain, merchandising, marketing eye testing technologies, omni-channel retail solutions across logistics, in-store automation and deep tech solutions for eyewear, retail and ecommerce.
“We have traversed the challenging journey as a start-up to become a unicorn. We believe it’s time to give back to the ecosystem, and support exceptional entrepreneurs by helping them build scalable enterprises” On the launch of this fund, Lenskart founder & CEO Peyush Bansal said.

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