Lenskart is set to reach a $1 billion revenue run rate by FY25, marking a 45% growth over FY23.   The company has shifted much of its global manufacturing to India, improving quality control and d...

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- Lenskart is set to reach a **$1 billion** revenue run rate by FY25, marking a 45% growth over FY23. 
- The company has shifted much of its global manufacturing to India, improving quality control and delivery times. 
- Prescription eyewear, which is non-discretionary, accounts for over 75% of Lenskart's revenue, providing stability. 
- The company is seeing faster growth online than in its 2,500 retail outlets. 
- Lenskart plans to invest **$200 million** in a new facility to reduce reliance on imports.

Source: [The Arc](https://thearcweb.com/article/lenskart-chases-revenue-run-rate-of-1-bn-CtfLrTtmteFukMeX)

Lenskart Aims for $1 Billion Revenue by FY25

Journalist

Lenskart Aims for $1 Billion Revenue by FY25- Grapevine

Lenskart raising $200Mn from Temasek

Growth Manager

- Lenskart, the popular online eyewear retailer, has secured nearly $20 million in funding, led by co-founders Peyush and Neha Bansal, along with CJT Investments and TR Capital.
- The board approved the issuance of 695,875 Compulsorily Convertible Preference Shares (CCPS) at Rs 2,300 each, raising Rs 160 crore ($19.12 million).
- Peyush Bansal invested Rs 70.70 crore, Neha Bansal Rs 70.39 crore, while other co-founders Amit Choudhary and Sumeet Kapahi contributed Rs 9.60 crore and Rs 9.35 crore, respectively.
- This funding follows a $200 million secondary deal where Temasek and Fidelity Management & Research Company acquired shares, valuing Lenskart at over $5 billion.
- Lenskart plans to expand its network of 2,500 stores, with 60% of its revenue coming from India, and aims to leverage its strong financial performance and growth potential in international markets. 

 Source: Business Outreach

Lenskart Raises Nearly $20M Led by Peyush and Neha Bansal

What’s better for someone seeking just quality product.

Lenskart or Titan Eye Plus?

Operations Manager

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Lenskart vs Other Optical Store

Software Engineer

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I usually buy my medicines at local pharmacy shop only as they give me 10-20% discount at MRP. Sometimes i buy medicine at apollo which are not available at local store. They give credit on MRP and mostly same credit is given in same MRP of the product. In the end , everything i buy from apollo will be at MRP. 

Another case is of zomato. I have to eat biryani from one of the restaurant. Price was to have at restaurant is Rs 140 and zomato shows me around 260 to be paid. As i was not lazy at that time and i went to restaurant itself.

Now comes lenskart, making a glasses with good frame is around 200-300 . They charge 2000-2500. I agree that we have to find frame and glasses by ourself through ebay or something else. In this case also i got good glasses with frame at around 1800. Glass quality is always shit in lenskart.

All the big companies talk about digital revolution but they just come with better presentation and website. 

Whats your experience with local shop owners and which items one should always buy from local shop owners

Big companies just sell the items at mrp only. All the talk about revolution is shit

Software Developer

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Got an offer from lenskart, their ambitionbox/glassdoor ratings are fairly avg/middle of the pack types but I noticed most of those negative reviews were from offline stores/ground level employees- where understandably the work is harsher. 

I’ve heard of Peeyush as a tech driven entrepreneur so maybe the PM function actually has some value (instead of ops/business teams)

Does anyone have any idea on how the core product management function is like at Lenskart?

Can anyone share their personal/friends’ product experiences at Lenskart?

Wanted to understand from a wlb, culture, product autonomy, toxicity (if any) standpoint. 

Any leads would be appreciated

How’s Lenskart for a Product Role?

Product Manager

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What made it worst? The pay, the culture, or your manager?

What's the worst company you have worked for?

I heard there’s trouble, but then heard they are hiring. Anyone have details?

Is LensKart hiring?

Welcome to Indian Startups's Private Community

Considering Edtech, Fintech, E-commerce is done

What is the next big thing in India?

- Flipkart aims to have around 100 dark stores operational by the launch of Flipkart Minutes, currently accessible to select users in certain pincodes.
- The move is part of Flipkart’s strategy to compete with Zepto, Blinkit, and Swiggy Instamart this festive season, focusing on fast delivery for non-grocery segments.
- Dark stores are being tested with employees at Flipkart’s Bengaluru headquarters, with plans to stabilize and scale up the service in specific areas.
- Flipkart’s quick commerce push is driven by revenue potential, with top platforms like Swiggy Instamart, Zepto, and Blinkit expected to surpass $1 Bn in revenue for FY24.
- This development follows Flipkart’s expansion into digital payments and fintech products, highlighting its strategy to adapt to the evolving digital commerce landscape. 

 Source: Economic Times

Flipkart Plans 100 Dark Stores Ahead of Big Billion Days Sale

Ken: Zepto is a bronze medallist acting like a gold medallist. Gazab beijjati hai 😂😂😂

Product Owner

- Meta is considering a multibillion-euro investment in eyewear giant EssilorLuxottica to enhance its smart glasses push.
- Talks are ongoing to deepen their collaboration after the successful launch of the revamped Ray-Ban Meta smart glasses last year.
- Meta's CEO Mark Zuckerberg has heavily invested in wearable tech, while EssilorLuxottica aims to attract younger shoppers with new deals.
- The latest Ray-Ban Meta glasses, launched last October, have outperformed previous versions and feature livestreaming and AI integration.
- EssilorLuxottica recently acquired US streetwear label Supreme and plans to launch Supreme smart sunglasses in partnership with Meta. 

 Source: Financial Times

Meta Explores Investment in EssilorLuxottica to Boost Smart Glasses Development

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Hi 👋 

Is there someone who's working with Lenskart or has worked in the past? Please share some insights on how lenskart is as an organisation for Software Engineers (Android).

How much package should I expect as an Android developer with 5 years of experience? 

Please provide some insights.

Lenskart!

DevOps Engineer

The Morning Vine 🍇

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Has anybody tried lenskart 1.74 index thinnest lenses ? is it really worth it ? my eye power is -4.75 and -4.5 . 

kindly suggest should i go for it as it costs 4200?

Lenskart Aims for $1 Billion Revenue by FY25

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