11.8 C
New York
Thursday, November 26, 2020
Home Trends Lenskart secured $275 M in Series G from SoftBank Vision Fund

Lenskart secured $275 M in Series G from SoftBank Vision Fund

Faridabad based eyewear solutions platform Lenskart is now raising more than $270 million funding in the Series G round led by the SoftBank Vision Fund, which includes some stake sale from the early investors.

The funds will be going to be utilized for augmenting Lenskart’s technology capabilities and strengthening its supply chain infrastructure.

With the help of this new funding, the company valuation is said to be around $1.5 billion, said the announcement.

Peyush Bansal, Founder, and CEO of Lenskart, said,

“A large part of this investment will go towards building next-generation technology and supply chain to deliver the next billion glasses with the highest quality at the best price and most amazing customer experience. We are thrilled to have SoftBank Vision Fund with us in our journey. Their understanding of consumer and technology will help us build the next edition of Lenskart.”

The post Lenskart secured $275 M in Series G from SoftBank Vision Fund appeared first on TechStory.

Source: Techstory


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

- Advertisment -

Most Popular

Is 2020 The Worst Year Ever? | Here’s What Historians Explain

The year 2020 began with a massive terrible bushfire in Australia that literally killed or displaced 300 crore animals. Later we had the COVID-19...

Democracy was tested this year, people up to the task: Biden

US President-elect Joe Biden has said democracy was tested this year when coronavirus hit and the people of the country showed that they were...

Trade unions in TN extend support to nationwide strike

Members of various trade unions in Tamil Nadu on Thursday took part in the nationwide strike to protest against the central government's new farm...

Protesters Throw Barricades Off Bridge, Cops Use Water Cannon! CM Kejriwal Criticizes The Haryana Government’s Decision

Haryana erected road barricades at the border with Punjab on the highway to Delhi, as farmers amassed for the planned 'Dilli Chalo' march on...

Recent Comments

%d bloggers like this: