Lenskart Raises ₹3,268 Crore from Anchor Investors Ahead of ₹21,500 Million IPO

• Bid /Offer Opening Date – Friday, October 31, 2025, and Bid/ Offer Closing Date –Tuesday, November 04, 2025
• Price Band fixed at ₹ 382 per equity share of face value ₹2 each to ₹ 402 per equity share of the face value of ₹2 each (“Equity Shares”) of Lenskart Solutions Limited (the “Company”)
• Bids can be made for a minimum of 37 Equity Shares and in multiples of 37 Equity Shares thereafter
• Anchor link

Lenskart Solutions Limited, one of India’s largest omni-channel eyewear retailers, offering a wide range of affordable and fashionable prescription eyeglasses, sunglasses, and contact lenses through its online platform and extensive retail network, has allotted 8,13,02,412 equity shares to anchor investors, comprising marquee domestic and global institutional investors, and raised ₹3,268.36 crore ahead of the Company’s proposed IPO at the upper end of the price band at ₹402 per equity share (face value ₹2 per share).

Out of the total allocation of 8.13 crore equity shares to anchor investors, 2.87 crore equity shares (35.34%) were allocated to 21 domestic mutual funds through a total of 59 schemes.

The anchor book has received widespread participation from domestic institutional investors including leading mutual funds such as SBI Mutual Fund, HDFC Mutual Fund, ICICI Prudential Mutual Fund, Kotak Mutual Fund, Axis Mutual Fund, Aditya Birla Sun Life Mutual Fund, Mirae Asset, DSP Mutual Fund, Franklin India, HSBC MF, WhiteOak Capital, Edelweiss, Bandhan, and Canara Robeco, and insurance companies such as SBI Life Insurance, HDFC Life Insurance, ICICI Prudential Life Insurance, Bajaj Allianz Life Insurance, Kotak Mahindra Life Insurance, Axis Max Life, Reliance Nippon Life Insurance, and Tata AIA Life Insurance.

Global interest was equally notable with very strong demand from sovereign and long-only FIIs such as the Government of Singapore, Monetary Authority of Singapore, Government Pension Fund Global (Norway), New World Fund Inc, Fidelity, T. Rowe Price, BlackRock, Capital Group, Goldman Sachs, Nomura, Amundi, JP Morgan and Wellington Management Company LLP, among others.

The offer comprises a fresh issue of equity shares aggregating up to ₹21,500 million (the “fresh issue”) and an offer for sale of up to 127,562,573 equity shares by certain existing shareholders, including Peyush Bansal, Neha Bansal, Amit Chaudhary and Sumeet Kapahi (“Promoter Selling Shareholders”) and SVF II Lightbulb (Cayman) Limited, Schroders Capital Private Equity Asia Mauritius Limited, PI Opportunities Fund – II, MacRitchie Investments Pte. Ltd., Kedaara Capital Fund II LLP, and Alpha Wave Ventures LP (“Investor Selling Shareholders”). The Offer comprises of an Employee Reservation Portion aggregating up to ₹150 million with the balance offer size being called as the “Net Offer”.

The company plans to utilise the net proceeds from the IPO for setting up new company-owned, company-operated (CoCo) stores in India, lease and rental payments, technology and cloud infrastructure, brand marketing, inorganic acquisitions, and general corporate purposes.

Kotak Mahindra Capital Company Limited, Morgan Stanley India Company Private Limited, Avendus Capital Private Limited, Citigroup Global Markets India Private Limited, Axis Capital Limited, and Intensive Fiscal Services Private Limited are the Book Running Lead Managers (“BRLMs”) to the issue.

Lenskart’s IPO Journey Begins: DRHP Filed for ₹2,150 Cr Fresh Issue to Fund Tech, Retail Expansion

Lenskart Solutions Limited, India’s leading omni-channel eyewear retailers offering a wide selection of affordable and fashionable prescription eyeglasses, sunglasses and contact lenses has filed its Draft Red Herring Prospectus (“DRHP”) with market regulator Securities and Exchange Board of India (“SEBI”).

The offer comprises a fresh issue of equity shares aggregating up to ₹21,500 million (the “fresh issue”) and an offer for sale of up to 132,288,941 equity shares by certain existing shareholders, including Peyush Bansal, Neha Bansal, Amit Chaudhary and Sumeet Kapahi, Promoter Selling Shareholders and SVF II Lightbulb (Cayman) Limited, Schroders Capital Private Equity Asia Mauritius Limited, PI Opportunities Fund – II, Macritchie Investments Pte. Ltd., Kedaara Capital Fund II LLP, and Alpha Wave Ventures LP, Investor Selling Shareholders.

It may consider a pre-ipo placement aggregating to Rs 430 crs prior to filing of the RHP. If undertaken, it will be reduced from the fresh issue size.

The company proposes to utilise the net proceeds from the IPO for various strategic initiatives, including capital expenditure for setting up new Company-operated Company-owned (CoCo) stores in India; payments related to lease, rent, and license agreements for these CoCo stores; investments in technology and cloud infrastructure; brand marketing and business promotion to enhance brand awareness; potential unidentified inorganic acquisitions; and general corporate purposes.

Founded in 2008, Lenskart commenced operations in India as an online business in 2010 and opened its first retail store in New Delhi in 2013. It believes that clear vision is fundamental to the personal development and well-being of an individual and their aim is to build a tech enabled supply and distribution that improves access to affordability and quality “Eyewear for All”.

Today, the brands business spans across designing, manufacturing, branding and retailing and it operates the largest eyewear retail networks in India with a strong presence across metro, Tier 1 and Tier 2+ cities, as well as international operations in Southeast Asia and the Middle East.

It owns and operates frame and lens design and prescription eyeglasses manufacturing facilities at two locations in India in Bhiwadi, Rajasthan and Gurugram, Haryana, supplemented by regional facilities in Singapore and the United Arab Emirates.

The brand targets different customer categories through a portfolio of brands and sub-brands that include premium collections through John Jacobs and Owndays (acquired in 2022), and economy and affordable premium collections through Lenskart Air, Vincent Chase, hustlr, and Hooper Kids.

The company recently agreed to purchase the remaining 80% stake in Stellio Ventures S.L., which owns the “Meller” consumer eyewear brand, for ₹4,063.93 million. Its products are primarily sold online through its website to customers across multiple countries. Additionally, Stellio operates a retail store in Barcelona, Spain.

In FY 25, across its brands, it launched 105 new in-house designed and engineered collections globally, including in collaboration with popular brands and celebrities. Additionally, it sold 27.2 million eyewear units across 12.41 million customer accounts in India and Overseas

Interesting to note that customers contributing almost 45% of the revenues to the company in India engaged with the brand digitally through organic searches, social media or other online mediums 90 days before completing their purchase.

From its own facial analysis and frame recommendation tool to its AI enabled Computer Vision platform which analysis CCTV footage from its retail locations to optimise customer flow at stores and increase conversion rates and Geo-analytics to predict revenue potential and payback period, customised technology solutions have been used from engagement to supply chain, post order fulfilment, retail store operations - the brands 500+ tech team has been responsible to build, maintain and enhance its core technology infrastructure, including its websites, mobile applications, warehouse management system and AI-driven tools supporting its operations and customer experience.

During FY25, the brand conducted 38.59 million virtual try-ons and 37.87 million face/frame size measurements for our customers in India through our mobile applications.

While India continues to be its largest market in Asia it is amongst the two largest organised retailers of prescription eyeglasses in terms of the B2C eyeglasses sales volumes in FY25. It offers an extensive portfolio of eyewear products including prescription eyeglasses, computer glasses, zero-power glasses, and sunglasses, with customisation enabled across lenses and frames.

It recorded over 100 million cumulative app downloads and garnered more than 104.97 million annual visitors on its websites globally in FY25. The brand currently operates across 2,723 stores (comprising 2,067 stores in India and 656 stores internationally).

As per the DRHP, across India, Japan, Southeast Asia and Middle East where the company is present there are an estimated 1.3 billion individuals who are affected by refractive errors as of Financial Year 2025, representing 32% of global population. If one has to look at only India, the number of individuals affected by refractive errors in India has increased from approximately 43% (approximately 590 million) in the Financial Year 2020 to an estimated 53% (approximately 777 million) in the Financial Year 2025 and is projected to increase to approximately 62% (approximately 943 million) by the Financial Year 2030

Its proprietary platform, including mobile apps and website, supports seamless ordering, virtual try-ons and digital consultations. Lenskart’s customer journey is further supported by its in-house optometrists and cutting-edge optical labs, enabling precision-driven fulfilment and quicker turnaround.

Kotak Mahindra Capital Company Ltd, Morgan Stanley India Company Pvt Ltd, Avendus Capital Pvt Ltd, Citigroup Global Markets India Pvt Ltd, Axis Capital Ltd, Intensive Fiscal Services Pvt Ltd are the Book Running Lead Managers to the Issue.

DRHP Link : https://nsearchives.nseindia.com/corporate/Registration_29072025101510_DRHP.pdf

Metaverse and AR Builder Platform Metadome (formerly Adloid) Raises $4 Mn From Chiratae Ventures, Lenskart and Others

From the Left Prashant Sinha, Co-founder & CRO, Shorya Mahajan Co-Founder, COO and Kanav CEO & Founder, Metadome

Chiratae Ventures, with Lenskart and others, Invest $4M in Adloid, a Metaverse and AR builder platform for creators and brands

Chiratae Ventures (Formerly IDG Ventures, India), and Lenskart Vision Fund invests $4 million as part of Adloid’s pre-series-A funding, to fuel the next level of growth and product evolution. The round also saw participation from Easemytrip Co-founder Prashant Pitti, Seeders, and 100x Entrepreneur.

With this round, Adloid is rebranding to Metadome, a metaverse that will provide the no-code infrastructure to millions of creators & brands to build immersive experiences for the virtual world. The company will be expanding its product and tech teams and inviting the creator community to build a metaverse which can host 1 Billion experiences a day by 2023. It also plans to strengthen it’s customer success and delivery in North America & other geographies to support its enterprise offerings.

Metadome Metaverse

With an increasing acceptance of the virtual world, the concept of Metaverse is gaining traction among businesses and individuals. It promises to be far more immersive, interactive, and collaborative than what the internet has accomplished so far with web 2.0. Metadome is built for all virtual experiences, that allows people to create, experience, collaborate, learn, play, work, and trade virtual goods & estates, and much more.

Speaking about the development, CEO & Founder, Kanav Singla said, "With Metadome, our vision is to build a new world so satisfying where people would want to live in it and not be forced to come. It resonates with our team's life mission of solving the inherent problems of the real & virtual world. We are using our existing expertise in augmented reality, artificial intelligence, and computer vision to build a one-one mapping of the real world and creating an experience of life beyond the real world”.

Metadome, formerly Adloid, started in 2016 as one of the early players in augmented reality globally with focus of bringing life-like AR experiences to all smartphones, and has since evolved as the category leader across multiple industries with patents on compression techniques to enable the scale, empowering 30M+ AR experiences and creating a library of 100k+ 3D assets. Over the last few years, they have identified key problems in the AR/VR space and the focus has been on achieving photorealistic rendering quality and enabling that experience across the entire network of smartphones. Our dedicated team of tech, product, and design experts are working towards the shared mission of hosting 1 Billion experiences in Metadome by 2023.

Co-Founder & CRO, Prashant Sinha said, "Metadome will provide businesses newer ways of engaging their customers. The Metaverse is a persistent virtual world and shopping will be driven by 3D and Augmented Reality. The brands that work with us will be able to represent their entire portfolio and to allow Metaverse participants to truly engage with their products. For individuals and creators, the possibilities are enormous, as they will be able to interact, collaborate, learn, play, work, create, trade, transact and buy virtual goods."

Metadome is already empowering brands with AR deployments across automobile, home-decor, beauty & accessories, and consumer electronics, working with industry leaders like Hewlett Packard(HP), Tata Motors(parent company- Jaguar Land Rover), Hero MotoCorp (largest 2-wheeler OEM globally), Asian Paints, Titan Eyeplus, Royal Enfield, Cardekho and more, to create immersive 3D & AR experiences for their customers. The company has witnessed a bootstrapped journey so far and growing organically by 3x YoY.

TCM Sundaram, Founder & Vice Chairman - Chiratae Ventures said, “ We are excited by the vision the team has to enable real life like immersive experiences in the metaverse. The technology they are building continues to make strides as they add marquee names to their clientele across sectors. We believe Metadome (formerly Adloid), has the power to fundamentally change how customers interact with brands, helping brands build engaging life-like experiences. As investors, we are elated to partner with the Metadome team, who is working to bring augmented reality experiences to your smartphones & other future displays.

Co-Founder & COO, Shorya Mahajan said, “The funding will add fuel to Metadome’s research and development efforts for enhancing the core competencies. We plan to add 60+ people in our tech/product team to an existing team of 90 and we are inviting bright talents to join our mission of hosting 1 Billion experiences in Metadome by 2023."

Metadome is uniquely positioned since it has already created a sector-agnostic way of engaging users through Augmented Reality and has deep insights from empowering 30M+ AR experiences globally.

Lenskart forays into Middle East market, commits USD$50 million towards expansion in the UAE

Leading eyewear portal from India aims to build a USD $250 million business in the next 3-4 years across the region

MUMBAI, India, Jan. 27, 2021 /PRNewswire/ -- Lenskart, the largest eyewear retailer of India, has announced its foray into the Middle East market and plans to open its first retail store in Dubai soon.

The company has committed $50 million (around AED185 million) towards the expansion in the UAE market. The eyewear specialist has launched its operations in the UAE through online offerings at its website ae.lenskart.com with free delivery across Dubai, Abu Dhabi and Sharjah.

The UAE is a very active market for premium fashion eyewear and colour contact lenses, and Lenskart will be launching its brands - John Jacobs and Aqualens - along with lenskart, which has already disrupted the markets in India and Singapore.

Within the year, the company plans to provide eyewear through its online and offline stores across the Middle East, similar to its current practice in Singapore and India. The move to venture into the Middle East, follows its success and popularity in Singapore where Lenskart is looking to do $30 million revenue in 2021 and achieving the No: 1 position. In the Middle East, Lenskart aims to do the same by building a $250 million business over the next 3-4 years.

Peyush Bansal, Co-Founder, LensKart, said, "At Lenskart, we understand the UAE millennial buyers and believe that we have the most stylish and high-quality products that are supported by innovative technology and a strong supply chain to deliver a surprising customer experience. We envision to grow exponentially in the coming 3-4 years and build a robust consumer base for our brand in the Middle East. Our prime objective remains enthusiastic customer satisfaction."

The Company keeps customer experience and technology at the forefront of its servicing. It provides a unique offering of AR (Augmented Reality) technology for virtual try-on. The indigenously-developed technology enables customers to try eyewear virtually and makes intelligent recommendations as per their facial analysis.

Lenskart's new production facility is under development in Delhi-NCR region of India with an investment of over $100 million and it is going to be the largest eyewear facility in the world with supply capacity of over 150,000 glasses per day.

Lenskart has 5,000 employees and an in house data and technology team of over 300 engineers. Amit Chaudhary and Ramneek Khurana who are the other co-founders dedicatedly oversee to all technology initiatives across the company. Lenskart shipped 7 million pairs of eyewear last year which is largest among all eyewear startups founded globally in the last decade.

About Lenskart:

Omni-channel eyewear company Lenskart is India's largest eyewear retailer reaching out to more than 400,000 customers on a monthly basis. Incepted in 2010, Lenskart.com operates across 700 stores online, home-service and accounts for a market share of 30% in India's organised eyewear market.

Lenskart is funded by Softbank, Kedaara Capital, TPG, IFC, Premji Invest and other marquee investors. In Dec 2019, the company raised approximately 275 Million Dollars from Softbank and Kedaara Capital. 

Lenskart Invests $500K In A US Startup That Makes Innovative Reading Glasses

Indian online & offline eye-wear retailer Lenskart has invested $0.5 million ($500,000) in a US-based startup ThinOptics, that makes innovative reading glasses with features such sticking to your nose unlike ears, as slim as two credit cards, easily fits in your pocket, purse, wallet, and you can even attach it to your phone.

Based out of California,US, ThinOptics has a patented designs that allows reading glasses to stay on your nose and you can tweak/mould them to get the best fit.

Announcing the investment, Peyush Bansal, CEO, Lenskart said: “ThinOptics is a revolutionary product that solves the problem of people forgetting to carry their reading glasses everywhere and often losing them too. At Lenskart, our vision is to revolutionise eyewear and, hence, this investment fits that vision. We have been testing ThinOptics with Indian consumers for the last few months, and the response has been phenomenal. Almost all users come back and order a second pair! With this investment, we intend to work closely with ThinOptics’ California team for growing the India market as well as bringing more innovations in this area.”

[caption id="attachment_124234" align="aligncenter" width="700"] ThinOptics Compact Keychain Reading Glasses[/caption]

ThinOptics product has been a hit with Lenskart customers and the company claims to have sold over 10,000 pieces of it already.

David Westendorf, ThinOptics CEO, in a statement said, “We’ve been partners with Lenskart since 2015. With this Lenskart investment, we will continue to evolve our product portfolio and make several new product announcements in the coming months.”

ThinOptics is Lenskart's third investment in less than a year. The company had earlier invested $1 million in Ditto, an augmented reality technology for trying frames online, 6over6, an Israel based start-up which works on enabling eye exams through the Android phone.

Moreover, Lenskart has allocated a corpus fund of $3 million (approximately Rs 20 crore) for investing in more startups which can work on new technologies and products in its sphere.

Founded in November 2010 by Peyush Bansal, Lenskart has raised about US$129.6 million to date, according to Crunchbase data. The company counts invstors such as Ratan Tata, IDG Ventures, Unilazer Ventures, TPG Growth, TR Capital, World Bank's IFC and Premji Invest, among others.

Source - Economic Times | Top Image - ThinOptics @Youtube

Lenskart Invests $500K In A US Startup That Makes Innovative Reading Glasses

Indian online & offline eye-wear retailer Lenskart has invested $0.5 million ($500,000) in a US-based startup ThinOptics, that makes innovative reading glasses with features such sticking to your nose unlike ears, as slim as two credit cards, easily fits in your pocket, purse, wallet, and you can even attach it to your phone.

Based out of California,US, ThinOptics has a patented designs that allows reading glasses to stay on your nose and you can tweak/mould them to get the best fit.

Announcing the investment, Peyush Bansal, CEO, Lenskart said: “ThinOptics is a revolutionary product that solves the problem of people forgetting to carry their reading glasses everywhere and often losing them too. At Lenskart, our vision is to revolutionise eyewear and, hence, this investment fits that vision. We have been testing ThinOptics with Indian consumers for the last few months, and the response has been phenomenal. Almost all users come back and order a second pair! With this investment, we intend to work closely with ThinOptics’ California team for growing the India market as well as bringing more innovations in this area.”

[caption id="attachment_124234" align="aligncenter" width="700"] ThinOptics Compact Keychain Reading Glasses[/caption]

ThinOptics product has been a hit with Lenskart customers and the company claims to have sold over 10,000 pieces of it already.

David Westendorf, ThinOptics CEO, in a statement said, “We’ve been partners with Lenskart since 2015. With this Lenskart investment, we will continue to evolve our product portfolio and make several new product announcements in the coming months.”

ThinOptics is Lenskart's third investment in less than a year. The company had earlier invested $1 million in Ditto, an augmented reality technology for trying frames online, 6over6, an Israel based start-up which works on enabling eye exams through the Android phone.

Moreover, Lenskart has allocated a corpus fund of $3 million (approximately Rs 20 crore) for investing in more startups which can work on new technologies and products in its sphere.

Founded in November 2010 by Peyush Bansal, Lenskart has raised about US$129.6 million to date, according to Crunchbase data. The company counts invstors such as Ratan Tata, IDG Ventures, Unilazer Ventures, TPG Growth, TR Capital, World Bank's IFC and Premji Invest, among others.

Source - Economic Times | Top Image - ThinOptics @Youtube

India's Lenskart Invests USD 1 Mn in Israeli Startup

India's online eyewear retailer Lenskart has picked up a minority stake in Israeli startup 6over6 by investing about USD 1 million in the startup. This marks the firm’s second such bet on an overseas early stage technology company in less than four months.

Delhi-based Lenskart will use technology, developed by 6over6, that enable users to determine the power of their lenses fitted through a smartphone application.

Additionally, Lenskart will partner with 6over6 to co-develop and test the product before taking it to the market, the company said in a statement.

6over6 is the second strategic bet taken by Lenskart, and follows its $1 million investment in US-based 3D graphical modelling venture Ditto in September earlier this year.

6over6 allows consumers to determine the power of their lenses fitted in their eyeglasses through a smartphone application, replacing the traditional optometric tools in the process. The technology, according to Bansal, will begin its pilot testing phase from January next year.

Founded in 2010, Lenskart has been funded with close to USD 142 million by venture capitalists such as IDG Ventures, Unilazer Ventures, IFC, TPG Growth, TR Capital and Premji Invest.

The above development was first reported in Economic Times.

Lenskart Picks Up Minority Stake In US-based 3D Face Modelling Startup Ditto; Invests $1 mn

India’s leading online shopping portal for eyewear, Lenskart, has pumped in a whopping $1 million in US-based eyewear e-commerce startup, Ditto.com to pick up a minority stake in the firm.

Lenskart, which is doing good business and has grown more than 200 per cent year on year, already makes use of Ditto's 3D try-on tech on its website and app. The tech allows customers to virtual try-on eyewear and make their choice based on what suits their face cut and requirement the best.

Lenskart claims to be a first of its kind online optical store in India that has made it possible to acquire a good quality pair of specs with prescription lenses for just Rs. 399, all this while you sit in the comfort of your home. With a 48-hour free home delivery guarantee and 365 days return policy, Lenskart.com has been able to establish a great reputation in the eyewear ecommerce business.

Lenskart.com also claims to have the biggest collection of discounted contact lenses consisting all top-notch brands (viz. Johnson & Johnson, Bausch & Lomb, Ciba Vision are to name a few). Since it believes in providing its customers with variety of options to choose from, they have disposable, toric, coloured or bi-focal contact lenses, basically all possible types available to choose from.

With its latest investment in Ditto, one could foresee a future where Lenskart further integrates Ditto’s tech on its platform to help better its online engagement with consumers, wherein users will be able to share different pictures of themselves trying out various eye glasses on social media platforms.

"Ditto provides us with the patented 3D virtual try-on technology... So far, the response to this service is commendable with over 10,000 trials everyday. We have been evaluating our relationship and now want to take it to the next level," said Lenskart.com Founder and CEO Peyush Bansal in a statement to PTI.

One thing that the Ditto investment tells us, is that, Lenskart is all set to increase its stake in the future and take its company to a whole other level. The Faridabad, Haryana-headquartered startup, which started its journey ten years back in 2010, has already garnered fundings from celebrated venture capitalists like IDG Ventures, Ronnie Screwvala-led Unilazer Ventures, IFC, Premji Invest, TPG Growth and TR Capita etc.

This development was first reported in Economic Times.

IFC Leads Rs. 400 Cr Investment in Lenskart

IFC, a member of the World Bank Group, is investing Rs. 171 Crores in Indian eyewear company Lenskart, to help the company expand access to high-quality and affordable eye-care products in tier-3, tier-4 cities. IFC was the lead investor for the Rs. 400 crore Series D investment round which also saw participation from TPG Growth, Adveq Management and IDG Ventures. In addition, Ratan Tata and Kris Gopalakrishnan (co-founder of Infosys) invested in their personal capacity as part of this round. Avendus Capital was the exclusive financial advisor to this transaction.

Lenskart is into assembly, manufacturing, wholesale distribution and supply of high quality eyewear products, such as eyeglasses, power sunglasses and contact lenses. Company plans to utilize the funds for strengthening its technology, supply chain, lens manufacturing, and expanding reach of its high-quality eyewear products across 400 cities.

“This investment will support a rapidly growing market leader in the Internet sector, while meeting a significant gap in the Indian eye care market,” said Pravan Malhotra, IFC’s co-lead for Global Internet Investments and lead for VC investments in South and Southeast Asia. As part of this investment, he will join Lenskart’s Board of Directors.

Lenskart has adopted a unique omni-channel approach thereby making eyewear truly accessible by making it available on desktop, mobile, hypermarkets, high streets, malls, hospitals and now even at home. The company conducts over 1,500 eye exams daily through its home eye exam service which it intends to make available for every home in urban and rural India.

Lenskart has been relentless about its focus on customer centricity. The company has built a strong leadership team, all of who work with the single mission of ‘creating enthusiastically satisfied customers all the time’. It has roped in professional stalwarts from retail, marketing and digital industries to head the respective divisions. The company will continue hiring great talent, particularly in technology.

Image Source: ShutterStock

Lenskart Raises Rs 135 Crore As Fresh Capital In Funding Led By TPG Growth

New Delhi based online eye-ware retailer Lenskart has raised Rs 135 crore in fresh capital in its third round of funding from new and existing investors in its largest funding till date. The company has in its Series C (final rounding of early funding cycle) raised the funds as co-investment from TPG Growth along with Hong Kong-based TR Capital and its existing investor IDF Ventures.

"With this new investment, we will be hiring the best talent and give them a world-class environment to innovate and solve India's eye-wear problems at a very large scale," Lenskart founder and CEO Peyush Bansal said.

Lenskart has raised a total of Rs 200 crore in three rounds of funding that has happened so far. Lenskart raised its first round of funding from IDG Ventures India (IDGVI) in 2011. IDGVI invested around Rs 22 crore (US$3.5 million) in Valyoo Technologies, Lenskart.com's parent company.

In February 2013, the company had received an investment of Rs 53 crore from Ronnie Screwvala's Unilazer Ventures along with IDG Ventures India.

Founded in 2010 by Peeyush Bansal along with Amit Chaudhary and Sumeet Kapahi, Lenskart.com currently claims to clocked in revenues of nearly Rs.100 crore and has been growing at 15% every month. The company claims to have grown by over 200% year on year (YoY).

Lenskart as an e-commerce marketplace currently focuses on eyewear such as prescription eyeglasses, contact lenses and sunglasses. It has 7 offline franchise stores under the brand name 'Lenskart' in Chandigarh, Pune, Agartala, Delhi and Goa. Lenskart plans to set up 100 retail stores across India to strengthen its offline presence.