Lenskart in India receives $275 million from SoftBank Vision Fund.

Lenskart is an online eyewear store in India. Lenskart’s primary competitors are retail stores and opticians. Lenskart received funding from SoftBank Vision Fund. Which has already invested $2 billion into Indian startups. And plans to invest another $25 billion over the next 5 years.

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It is an online eyewear store in India.

Lenskart is an online eyewear store in India. Founded in 2013, it operates as a subsidiary of Lenskart Pvt Ltd. Which is headquartered in New Delhi and has offices across India.

It was founded by Rahul Choudaha and Sandeep Karanjawala who had previously worked together at Snapdeal. The company’s first product was a pair of sunglasses costing around ₹200 ($3).

Lenskart’s primary competitors are retail stores and opticians.

Its primary competitors are retail stores, opticians and optical labs. These are not other online eyewear stores. Lenskart is not a competitor with any of these entities as well. The company does not compete with offline retailers in India either. Hence it does not face any competition from them for sales or market share.

The online eyewear market in India is still at a nascent stage, and there are not many competitors for Lenskart. As the eCommerce industry continues to grow in India, more and more players are entering the space. However, none of these companies have yet been able to capture a significant share of the market as most have focuses on one segment or another.

Lenskart’s competitors include Lenskart and Snapdeal, both of which are also online eyewear retailers. The company does not compete with other offline retailers such as State-run optical stores or opticians because these entities do not sell their products online. Also, it is not a competitor of other online eyewear stores such as LensVita or EyeBuyDirect in the US.

Lenskart received funding from SoftBank Vision Fund.

You may have heard of Lenskart, the online optical store that sells glasses and sunglasses at great prices. The company was founded by two former Flipkart employees in 2014 and has grown rapidly since then, with over 2 million customers who use their website to shop for eyewear.

Lenskart received funding from SoftBank Vision Fund. This is an $100 billion fund which invests in companies across various sectors of technology, including AI (Artificial Intelligence), robotics, healthcare and consumer electronics—all areas where Lenskart sells products or services directly related to vision care such as contact lenses or glasses for children with prescriptions.#ENDWRITE

Lenskart plans to open 500 stores over the next 5 years, with the first store opening tomorrow in India’s capital city, New Delhi.

It plans to open 500 stores over the next 5 years, with the first store opening tomorrow in India’s capital city, New Delhi.

Lenskart will also open stores in other major cities in India including Mumbai and Bengaluru.

The company plans to expand its store network to other cities in India and eventually reach over 1,000 stores. Lenskart is also planning to get into the eye wear business as well. The company has already started selling glasses online through its website lenskart.com which has become a one-stop destination for all your optical needs.

Lenskart is one of many Indian startups using ecommerce to go after the country’s massive market for consumer goods.

Lenskart is one of many Indian startups using ecommerce to go after the country’s massive market for consumer goods. Its competitors are retail stores and opticians, but it has been able to gain a foothold in the market by offering lower prices than its rivals.

Lenskart received funding from SoftBank Vision Fund, which was created by Japanese telecom giant SoftBank Group Corp., according to Reuters. The company will use the money for its expansion plans in India and other markets around Asia Pacific as well as for research into new technologies like artificial intelligence (AI) that could help drive down prices further still. /__ai229vxq4

Lenskart is taking advantage of SoftBank Vision Fund’s deep pockets.

SoftBank Vision Fund is a $100 billion fund, which was founded by telecom billionaire Masayoshi Son. It has investments in some of India’s biggest tech companies like Flipkart and Ola Cabs. /-ddf1ztmv8g

It was started in 2014 by Vikas Oberoi who resigned as chairman earlier this year to make way for Ankit Nagori who has been appointed as the new CEO.

Conclusion

We hope that you enjoyed reading about Lenskart and its new funding. There excited for the upcoming launch of the first Lenskart store in New Delhi, which will be a major step for this young company. We will be looking forward to seeing how they grow and if their products can compete with other online retailers on their home turf! /iw8pnykllfi