1. Lenskart raises funds from Wipro chief Azim Premji’s Premji Invest

Lenskart raises funds from Wipro chief Azim Premji’s Premji Invest

Eyewear retailer, Lenskart has raised an undisclosed round of funding from Premji Invest, the investment office of Wipro chairman Azim Premji.

By: | Bengaluru | Updated: September 7, 2016 10:18 AM
lenskart-l-screenshot Founded in 2010, Lenskart has wide variety eyewear products ranging from prescription glasses to sunglasses which it sells through an omni channel route including both offline and online.

Eyewear retailer, Lenskart has raised an undisclosed round of funding from Premji Invest, the investment office of Wipro chairman Azim Premji. This fresh investment comes within four months after it received R400 crore in its Series D round of funding led by World Bank arm International Finance Corporation.

That investment round also saw participation from TPG Growth, IDG Ventures, Adveq Management, Tata Sons chairman emeritus Ratan Tata and Infosys co-founder S Gopalakrishnan.

Premji Invest has already a strong presence in retail segment with its other investments in companies such as FabIndia, Myntra, Future Lifestyle and Vasmol.

Founded in 2010, Lenskart has wide variety eyewear products ranging from prescription glasses to sunglasses which it sells through an omni channel route including both offline and online. It is also engaged in manufacturing and wholesale distribution of eyewear products.

The company had raised $36 million prior to its Series D round and one of its first investors was IDG Ventures.

  1. Jagruti Joshi
    Sep 7, 2016 at 9:40 am
    Wipro Chief Azim Premji Invests in Lenskart
    Reply

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