Lenskart joined the Unicorn Club on December 20, 2019. Founded in 2008, the company is headquartered in Gurugram, Haryana, India. Lenskart operates a vertically integrated eyewear brand offering prescription and non prescription eyewear for men, women, and kids through digital and physical retail channels.
The platform enables virtual try on, home eye testing, and omnichannel purchasing while managing design, manufacturing, distribution, and retail operations end to end.
Keep reading to learn how Lenskart became a global eyewear retail unicorn.
What Is Lenskart and What Does It Do?
Lenskart is an eyewear retail and technology platform offering spectacles, sunglasses, contact lenses, and specialty eyewear such as computer and progressive glasses. The company serves men, women, and children across multiple eyewear categories.
Operating as a vertically integrated business, Lenskart designs, manufactures, distributes, and retails eyewear through its website, mobile applications, and physical stores. Its technology features include virtual try on, AI powered recommendations, and home eye testing services.
How Much Funding Has Lenskart Raised?
1. Seed Round
- Amount Raised: $2 million
- Date: 2008
- Lead Investors: Early stage angel investors
- Purpose: Launch online eyewear retail platform and validate business model
2. Series A Round
- Amount Raised: $6 million
- Date: 2011
- Lead Investors: IDG Ventures
- Purpose: Build core technology platform and expand initial customer base
3. Series B Round
- Amount Raised: $10 million
- Date: 2013
- Lead Investors: TPG Growth
- Purpose: Expand product catalog and strengthen supply chain operations
4. Series C Round
- Amount Raised: $20 million
- Date: 2014
- Lead Investors: IDG Ventures, TPG Growth
- Purpose: Scale marketing, logistics, and omnichannel presence
5. Series D Round
- Amount Raised: $60 million
- Date: 2016
- Lead Investors: TPG Growth
- Purpose: Expand physical retail stores and enhance manufacturing capabilities
6. Series E Round
- Amount Raised: $231 million
- Date: 2019
- Lead Investors: SoftBank Vision Fund
- Purpose: Accelerate growth and strengthen vertical integration
7. Series F Round
- Amount Raised: $220 million
- Date: 2021
- Lead Investors: Temasek Holdings
- Purpose: Expand international operations and improve technology stack
8. Series G Round
- Amount Raised: $315 million
- Date: 2022
- Lead Investors: Fidelity Investments
- Purpose: Support global expansion and retail footprint growth
9. Series H Round
- Amount Raised: $200 million
- Date: 2023
- Lead Investors: ChrysCapital
- Purpose: Strengthen balance sheet and prepare for public market readiness
10. Series I Round
- Amount Raised: $18.2 million
- Date: July 2023
- Purpose: Support continued growth and operational efficiency
Total Funding Raised: $1.08 billion Latest Funding Date: July 2023 Employee Count: 13,713 as of August 2025
Key Investors
- Fidelity Investments
- Details: Global asset management and investment firm
- Focus Areas: Growth equity, consumer platforms, and technology enabled businesses
- ChrysCapital
- Details: India focused private equity firm
- Focus Areas: Consumer brands, retail chains, and technology driven companies
Where Is Lenskart’s Headquarters?
Lenskart is headquartered in Gurugram, Haryana, India, serving as the central hub for its leadership, technology, manufacturing, and retail operations.
What’s Next for Lenskart?
Lenskart plans to expand its omnichannel retail footprint, invest in manufacturing automation, and enhance digital experiences such as virtual try on and AI powered eye care services. As a public company, it continues to focus on international expansion, supply chain optimization, and innovation across eyewear categories.
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