Lenskart Net Worth 2025: Career, Early Life, Lifestyle, Biography

Lenskart Net Worth: Lenskart was launched in 2010 and has significantly grown since then. Based in Faridabad, the brand began by selling eyeglasses, sunglasses, and contact lenses. Lenskart transformed the online shopping experience into a unique format available offline. The brand is one of India’s leading eyewear players by combining online convenience and a strong offline presence. Lenskart is known for selling affordable and stylish eyewear, a strong customer priority, and growing retail presence. The brand continues to grow its total number, revenues, and net-worth.

About Lenskart

Launched in 2010 and located in Faridabad, Lenskart was heralded as India’s first online optical store. Since its inception, it has become a tech-enabled omnichannel company with services like home eye exams, 3d virtual try ons and in-home trials. The company prides itself on servicing more than 7 million customers per year, with over 1000 storefronts and 175 locations across India.

Lenskart has raised over $900 million in funding from top investors such as Bay Capital, Chiratae Ventures, Temasek Holdings, and SoftBank Vision Fund.

In June 2022, it announced the acquisition of OWNDAYS, the Japanese eyewear company for $400 million, a strategic move to expand to Southeast Asia. In addition, it is creating a state-of-the-art manufacturing to drive efficiencies in its supply chain.

Lenskart Net Worth and Valuation

So far, Lenskart has raised over $900 million in funding over 15 rounds with an IPO planned for the near future, which is expected to significantly increase its overall net worth.

At the last rounds of funding, Lenskart’s valuation was over $4 billion. This valuation is important for prospective investors, as it is the company’s valuation once the assets and liabilities have been assessed.

The idea of valuation is not to determine whether a company is undervalued, overvalued or fairly valued, but rather its growth potential, as well as the technology and innovation within the company to achieve this higher valuation.

The Abu Dhabi Investment Authority (ADIA) is close to investing $350–400 million, which will be Lenskart’s largest funding round to date. The deal, mostly through secondary share sales, will value Lenskart at $4.5 billion, and ADIA will hold a 10% stake.

Lenskart’s Financials

In FY22, Lenskart increased operating revenue 66%, to $182 million, despite a flat growth year in FY21. Lenskart did report a $12 million loss in FY22, due to a $12 million loss, on account of an overall increase in expenses year over year of 72%. 

Here are some of the numbers for FY22:

• Eyewear product revenue: 94.3% of total operating revenue
• Other revenue (subscriptions, leases, website licenses, etc.): $4 million
• Operational cash outflow: $22 million
• FY22 Loss: $12 million
• FY21 Profit: $3.5 million

NAME	Lenskart
Founder/CEO	Piyush Bansal
Net worth	$2.5 billion
Valuation	$4 billion
Revenue	$182 million

Lenskart chalks the last few years’ losses up to rising procurement costs and expansion in new Tier 3 and Tier 4 cities as part of its aggressive growth strategy. As part of its aggressive growth strategy, Lenskart hopes to return to profitability by early FY24, right before its perceived IPO.

Lenskart Funding History

Lenskart has undergone 15 funding rounds and a total of 979.7 million USD will ultimately be raised. Key funding milestones include:

• April 2022: $100 m from Alpha Wave Incubation (Falcon Edge)
• April 2022 (later): $25 m from Epiq Capital
• June 2022: $28.2 m from Avendus Future Leaders Fund II
• August 2022: $12.5 m from Ravi Modi Family Trust
• July 2021: $220 m from Temasek and Alpha Wave Global
• December 2019: $275 m from SoftBank Vision Fund
• Peyush Bansal: The Man Behind Lenskart

Peyush Bansal, the co-founder and CEO of Lenskart, became a national figure when he appeared on Shark Tank India. Together with co-founders Amit Chaudhary and Sumit Kapahi, launched Lenskart in 2010 with the vision of making high-quality eyewear affordable and accessible to everyone.

He studied at McGill University, and has an MPEFB from IIM Bangalore, previously he worked at Microsoft as the Program Manager. Bansal’s net worth is roughly ₹600 crores (or $73 million).

Bansal has invested in a number of other startups in addition to Lenskart, including DailyObjects.com and Feedo, Bansal has continued to support emerging entrepreneurs through Shark Tank and other platforms.

Lenskart Recent Funding Rounds

Lenskart’s net worth and valuation have increased consistently after their last round of fundraising from some of the top investors:

• On August 8, 2022, Lenskart raised $12.5 million from the Ravi Modi Family Trust with the issuance of 4,79,037 Series I CCPS;
• On June 9, 2022, Lenskart received $28.2 million from Avendus Future Leaders Fund II with the allotment of 1,053,882 Series I CCPS;
• On April 11 & April 27, 2022 $125 million was raised from Alpha Wave Incubation and Epiq Capital with an estimated valuation for Lenskart for ~ $4.32 billion valuation;
• On July 19, 2021, earlier rounds of financing by Temasek and Alpha Wave Global generated $220 million.
• On December 20, 2019 Lenskart also received $275 million with a Series G round of financing led by SoftBank Vision Fund.
• Across funding rounds the company has raised participation of just about $979.7 million, with the last Series I round closing on November 18, 2022.

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Lenskart Overview

Company	Lenskart
Founder/CEO	Peyush Bansal
Net worth (Founder)	$73 million (₹600 crores)
Company Valuation	$4.5 billion (Post funding)
Annual Revenue (FY22)	$182 million
Funding Raised	$979.7 million (15 Rounds)
Planned IPO	Within next 3 years
Key Acquisition	OWNDAYS (Japan, $400 million)

Lenskart is a company to keep your eye on. With its rapid growth, technological advancement, and aggressive ambitions, it is a company that could really take off – especially with an IPO coming up.

Competitors of Lenskart

Lenskart competes with a vast range of both online and offline eyewear retail competitors. The Indian eyewear market is incredibly dynamic with many traditional and new brands, as well as emerging hybrid online companies.

Key Competitors

Offline & Legacy Brands:

• Titan Eye Plus
• Lawrence and Mayo
• GKB Opticals
• Specsmakers
• Vision Express

Online players:

• Coolwinks
• Deals4Opticals
• Premium & Manufacturer Brands and have Online presence:
• Bausch & Lomb
• Ray-Ban
• Essilor

Marketplace competition: Lenskart also competes with online eyewear sellers in:

• Amazon
• Flipkart
• Paytm Mall
• Snapdeal

The marketplaces have a strong mediator role that interfere directly with Lenskart’s sales cycle of price comparisons, discounts, and greater choice of third part products.

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Market Size and Opportunity

The Indian eyewear market has an estimated value of between US$2.1 billion and US$2.4 billion with only 9-10% of this market being organized. This gives a great amount of opportunity for growth particularly for companies like Lenskart which leverage technology, innovation and retail.

Customer Acquisition Challenges

Lenskart’s main issue is getting customers to change their mindset from:

• Traditional brick-and-mortar optician
• Online and omnichannel eyewear experience.

Lenskart needs to continuously build trust by demonstrating:

• Quality of product
• Wallet-friendly pricing
• Virtual trying-on option
• Eye tests at home
• Efficiency of service provided
• Shifting customer’s viewpoint will take resources in awareness, user experience, and after-sales care.

Lenskart’s Strategic Moves for Expansion

International Expansion:

• Expanded to Singapore, USA, and the Middle East in 2021.
• In June 2022, acquired a majority stake in Owndays (Japan) and is now one of Asia’s largest online eyewear retailers.

Vision:

• Lenskart’s plans for the next five years is to equip 50% of India with its eyewear.
• Lenskart’s growth will focus on expansion into Tier 3 and Tier 4 cities.

Use of funding:

Funding obtained from organizations such as the Abu Dhabi Investment Authority (ADIA) will be used to help with:

• Store footprint
• Technology
• Product line
• Global expansion

Conclusion

In a competitive landscape, Lenskart’s omni channel model, advanced tech infrastructure, and speedy expansion plan position Lenskart well as a market leader. A well-rounded, spatially online and offline model places the company to disrupt the fragmented eyewear space in India and beyond.

FAQs About Lenskart Net Worth 2025

Source: Economicstimes

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Disclaimer: The net worth, assets, and other information shared here are based on reports from News websites. Sometimes, celebrities or their teams also provide their input, which we include when available. We aim to provide accurate information, but unless stated otherwise, these numbers are approximate. We welcome feedback at info@eblogtalk.com.