#Asia Lenskart gets an eye-popping US$60M Series D led by IFC

//

TPG Growth, Adveq Management, IDG Ventures, Ratan Tata and Kris Gopalakrishnan also co-invested

lenskartIndian eye-wear e-tailer Lenskart has secured US$60 million in Series D round of funding led by
IFC (a member of the World Bank Group) which invested US$17 million. The round also saw participation from TPG Growth, Adveq Management and IDG Ventures. Ratan Tata and Infosys Co-founder Kris Gopalakrishnan also co-invested in their personal capacity.

The funding will be used to strengthen its technology, supply chain, lens manufacturing, and expand reach of its eyewear products across 400 cities.

Also Read: Online eyewear retailer Lenskart raises US$21M in Series C funding

Founded in 2010, Lenskart is a leading online retailer of premium quality and stylish eyewear, offering over 10,000 different styles to suit all pocket sizes and diverse consumer needs. It also offers services like Free Home Eye check-up, 3D Try On, Free Home Trial and First Frame Free.

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 claims it has grown more than 200 per cent year on year in the last two years. With a rapidly growing employee strength of more than 900, Lenskart is present in over 100 stores across more than 66 cities in India.

Lenskart has earlier raised funding from IDG (US$4 million in October 2011) and Ronnie Screwvala-led Unilazer Ventures (US$10 million in February 2013) and TPG Growth and TR Capital (a total of US$22 million in January 2015).

The post Lenskart gets an eye-popping US$60M Series D led by IFC appeared first on e27.

from e27 http://ift.tt/1TogGtd

This entry was posted in #Asia by Startup365. Bookmark the permalink.

About Startup365

Chaque jour nous vous présenterons une nouvelle Startup française ! Notre pays regorge de talents et d'entrepreneurs brillants ! Alors partons à la découverte des meilleures startup françaises ! Certaines d'entre elles sont dans une étape essentielle dans la vie d'une startup : la recherche de financement, notamment par le financement participatif (ou crowdfunding en anglais). Alors participez à cette grande aventure en leur faisant une petite donation ! Les startups françaises ont besoin de vous !