Started in 2010, Lenskart’s investors include U.S. private equity firm KKR & Co Inc, Japan’s SoftBank Group and Singapore state investor Temasek Holdings.
Lenskart, which also operates in the United States, Singapore and UAE, had acquired a majority stake in Japanese eyewear brand Owndays last year, turning the Indian company into one of Asia’s largest online retailers in its segment.
“With the acquisition of Owndays, there is an opportunity for Lenskart to expand across 10+ Asian countries in addition to the already large Indian market,” said Rajiv Batra, senior vice president of ChrysCapital Advisors.