Lenskart Aims for $1 Billion Revenue by FY25

• 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