Company360 is an interactive dashboard that provides more than 3 years companys financials, ratios, charts, network and features like lists, comparator, financial alerts, pdf reports, and excel downloads. The company also saw investments from Ratan Tata and Kris Gopalakrishnan. Web2020 IC3 Annual Report 2020 State Reports. Lenskarts revenue numbers were perhaps muted because of the pandemic, which couldve disrupted operations at its more than 700 physical stores across the country. At the same time, it's book networth has increased by 27.36 % for the financial year ending 31 March, 2022. You only have access to basic statistics. We turned profitable at the company level before the pandemic, were in the red during the peak of the first and second waves and have returned to green again, Bansaladded. During the last year, the Alliance not only re-programmed some of its work to support the response to COVID-19, it also continued its long-term initiatives to build the field of Get your daily dose of business updates on WhatsApp. 2020. An easy-to-read PDF report on the company that includes five year financial information, ratio analysis, management, group structure, shareholding pattern and more. India's financial year begins in April and ends in March. Revenue from operations of Lenskart FY 2018-2022 Published by A. Minhas , Dec 2, 2022 Lenskart's revenue from operations amounted to 15 billion Indian rupees in Eyewear retailer Lenskart has raised $220 million from investors led by Singapores sovereign wealth fund Temasek, Bloomberg reported. WebLenskart has 5 employees at their 1 location, $679.6 m in total funding, and $68 m in annual revenue in Y 2019. Follow 5 easy steps to download the balance sheet of LENSKART SOLUTIONS PRIVATE LIMITED: The company has been in news for its IPO plans since 2017, and the improvement in numbers is quite in line with the same. 2020 Year in Review. Please create an employee account to be able to mark statistics as favorites. >> The company had first turned profitable last year, when it had registered a profit of Rs. [10][11] In 2011, the company launched Watchkart.com and Bagskart.com, and the following year, it started Jewelskart.com. KKR had committed to help the company scale its operations overseas and enhance its digital offerings to augment customers virtual and omni-store experiences. Lenskarts advertising expenses were up too, rising by around 23% to Rs. Lenskart became a unicorn in FY20 after raising $275 million in a round from SoftBank Vision Fund. to incorporate the statistic into your presentation at any time. Annual Report 2020-21 Annual Return 2020-21 FY 2019-20 Annual Report 2019-20 Get Special Discount in your Inbox. PLAN, Access the exclusive Economic Times stories, Editorial and Expert opinion, 90 Days Prime access worth Rs999 unlocked for you, Exclusive Economic Times Stories, Editorials & Expert opinion across 20+ sectors, Stock analysis. Lenskart has managed to grow its profit 4.6 times over the last year, even as its revenue only grew marginally, rising from Rs. 2023 PitchBook. Its authorized share capital is 50,25,20,000.00 ( 50.25 Cr ) and its paid up capital is 31,86,20,232.00 ( 31.86 Cr ). Lenskart has posted a profit of Rs. "Revenue from Operations of Lenskart Solutions Private Limited from The Financial Year 2018 to 2022 (in Billion Indian Rupees). The filing mentions another revenue stream, from an unnamed single customer, which accounted for more than 10% of the groups total revenue at Rs 148.56 crore. Get the full list, Youre viewing 5 of 17 executive team members. [14] In 2016, International Finance Corporation, Adveq Management, TPG Growth and IDG Ventures India invested a total of $60 million in Lenskart. Get the full list, To view Lenskarts complete subsidiaries history, request access, To view Lenskarts complete exits history, request access, Morningstar Institutional Equity Research, Co-Founder, Chief Executive & People Officer & Board Member, Chief Operating Officer & Chief Business Officer, Co-Founder, Director of Finance & Board Member. 180 crore, and Groww had also turned profitable, registering a profit of Rs. Lenskart has managed to grow its profit 4.6 times over the last year, even as its revenue only grew marginally, rising from Rs. After nearly a decade of operations, Lenskart Solutions, which operates an eponymous omnichannel eyewear retailer, turned profitable in the financial year ended March 21, 2020. Newly launched adtech platform Parva seeks to create new opportunities for advertisers to reach premium audiences at scale, Here's how Amit and Gaurav Khatri are making the right 'Noise', Heres how The Body Shop navigated the pandemic and is growing its business in India, From UPI innovations to digital credit potential these are the growth drivers in Paytms business, Regular physical activity helps improve mental health in adolescents says UK based study, Best thermal printers for print bills, receipts and tickets, Bank of America adds a human touch to its virtual assistant, Erica, Apple, Taj Hotels and Kia are among the top 10 brands that offer the best Customer Experience in India. Market Research. A paid subscription is required for full access. Lenskart Solutions Private Limited's operating revenues range is Over INR 500 cr for the financial year ending on 31 March, 2022. Days Trial [5] NEW DELHI: SoftBank-backed Lenskart Eyewear Solutions has projected a 20% growth in sales in the current financial year, at a time when the ongoing Covid-19 As per MCA the main line of business is Manufacture Of Medical; Precision And Optical Instruments; Watches And Clocks. Get the full list, Youre viewing 5 of 18 board members. statistic alerts) please log in with your personal account. Amit Chaudhary, Co-founder, Lenskart.com tells us how it plans to grow further in the country by increasing its retail presence, investing more in advertising, and lastly, experimenting with newer technologies. Private Limited, Mantech Manufacturing Co. Developer of an online optical platform designed for various ranges of eyewear. ETRise MSME Day 2022 Mega Conclave with Industry Leaders. The popular eyewear startup Together, both brands now have an annual revenue run rate of From TPG, TR Capital & IDG In Series C", "How Lenskart is defying the start-up trend", "John Jacobs to clock 500 cr revenue by March 2021", "Lenskart invests $4 million to expand John Jacobs brand stores", "Lenskart ropes in Katrina Kaif as brand ambassador", "Katrina Kaif is Lenskart's first-ever ambassador", "Lenskart valuation touches Rs 3,000 Cr after a secondary transaction - ETtech", "Lenskart announces Bhuvan Bam as its new brand ambassador", "SoftBank Vision Fund invests $275M in India's Lenskart", "Lenskart to become the next unicorn! While the Holding Company has incurred significant losses in the earlier years, it has taken various business initiatives to increase profitability. I represent LENSKART SOLUTIONS PRIVATE LIMITED. WebFISCAL YEAR 2020 ANNUAL FINANCIAL REPORT. [13], In January 2015, the company raised 135 crore from TPG Growth, TR Capital and IDG Ventures India. experience the nykaa mobile app. In, ENTRACKR. KKR had invested through a secondary stake acquisition through its Asian private equity fund. All trademarks, service marks, trade names and logos appearing on the site are the property of their respective owners. As a result, the Holding Company has achieved profitability in the current year. Access to this and all other statistics on 80,000 topics from, Show sources information Copyright 2023. [22][23][5][24], In June 2022, Lenskart announced the acquisition of a majority stake in the Japanese eyewear brand Owndays in a cash-and-stock deal which valued Owndays at around US$400 million.[25]. 15 "Lenskart to launch 500 stores in 2020 and increase its focus on AI and digital marketing, says Co-founder, Amit Chaudhary", "Lenskart scale surpasses Rs 1,500 Cr in FY22, slips into losses", "Lenskart-backed Neso Brands raises $100 million, appoints Bjorn Bergstrom CEO", "Lenskart plans to hire over 2,000 employees in India by next year", "Lenskart raises another $25 million in series I round; announces opening of 1,000th store in the country", "Lenskart sees more scope of growth in non-metros: CEO Peyush Bansal", "Expansion Plan: Lenskart eyes 50% market share", "Lenskart may shift SE Asia manufacturing to India plant", "Peyush Bansal, founder of Lenskart in India, selling eyewear talks about his business journey", "Valyoo Technologies raises $4M from IDG Ventures India", "Adjust focus: How Peyush Bansal built Lenskart into a profitable unicorn", "After Lenskart, Watchkart & Bagskart, Valyoo Technologies' Jewelskart.com Goes Live", "Lenskart's Peyush Bansal on new funding, why he shut down three other e-com sites & more", "Updated: Lenskart Is Raising INR 135 Cr. Lenskart to launch 500 stores in 2020 and increase its focus on AI and digital marketing, says Co-founder, Amit Chaudhary. India is the blind capital of the world and about half of its 1.3 billion people need glasses, Bansal told Bloomberg. It is classified as Private UnListed Indian Non-Government Company. +Includes DocuBay and TimesPrime Membership. Values have been rounded for clarity. School closures, increased vulnerability to abuse, mental health strains and loss of access to vital services have hurt children deeply. Then you can access your favorite statistics via the star in the header. The Indian economy grew at a slower-than-expected 4.4% in the December quarter compared with 6.3% in the preceding three-month period, weighed down by base normalisation and weakness in consumption. The financial year 2020 was the first year with a profit for the eyewear retailer Lenskart. The profit summed up to more than 170 million Indian rupees. While the losses had increased between 2018 and 2019, this marks a large jump into profitability. Get notified via email when this statistic is updated. You only have access to basic statistics. 530% Size Multiple 219x Median Size Multiple 219x, 100th %ile 0.00x 0.95x. For reprint rights: Continue reading with one of these options: Login to get access to some exclusive stories, Get access to exclusive stories, expert opinions &, Valid only with UPI, Credit & Debit Cards Autopay, Inciting hatred against a certain community, 15 The operating revenue of LENSKART SOLUTIONS PRIVATE LIMITED is in the range of Over INR 500 cr for the financial year ending on 31 March, 2022. Chart. Experience Your Economic Times Newspaper, The Digital Way! You need a Statista Account for unlimited access. Industry Trends on 4000+ Stocks, Pro Investing by Aditya Birla Sun Life Mutual Fund, Canara Robeco Equity Hybrid Fund Direct-Growth, Lenskart projects 20% revenue growth in FY 2020-21. Cost of materials consumed stood at Rs 274.03 crore, an increase from Rs 109.68 crore last in the previous year. x|xTUwI/!L @(! % If you are still unable to resolve the login problem, read the troubleshooting steps or report your issue. [Online]. If you are an admin, please authenticate by logging in again. Other top cost heads included advertising promotional expenses which grew 71.06% to Rs 111.10 crore from Rs 64.57 crore last year. The total revenue for the period stood at Rs 969.52 crore against Rs 485.59 crore a year earlier. All Rights Reserved. It claims to serve over seven million customers every year and is backed by Softbank, Kedaara Capital, Premji Investand Steadview Capital among other key investors. LENSKART SOLUTIONS PRIVATE LIMITED is having, LENSKART SOLUTIONS PRIVATE LIMITED was incorporated on, LENSKART SOLUTIONS PRIVATE LIMITED is having registered office at, W-123; GREATER KAILASH; PART-2; NEW DELHI; Delhi; 110048; India, Manufacture Of Medical; Precision And Optical Instruments; Watches And Clocks, Manufacture Of Medical Appliances And Instruments And Appliances FOR Measuring; Checking; Testing; Navigating And Other Purposes Except Optical Instruments. Road, Gurgaon - 122002 (CIN: U72502DL2013PTC261372). As a Premium user you get access to the detailed source references and background information about this statistic. WebLenskart News: Read latest Lenskart news and recent Lenskart updates on The Economic Times. Send. Profit from the additional features of your individual account. Founded in 2010 by Peyush Bansal, Amit Choudhary and Sumeet Kapahi, Lenkart started as an online eyewear retailer. 136 crore during FY21, as opposed to Rs. One Indian rupee is equal to 0.012 euros and 0.012 dollars (as of December 2022). Developer of an online optical platform designed for various ranges of eyewear. Learn more about how Statista can support your business. Financials, scores, ratios, excels, reports and more. Bookmark Company | The company was founded by Peyush Bansal in 2010 and sells eyewear online and through its 750 retail outlets across the country. The company plans to use this capital and $95 million raised from KKR in May to make investments in its supply chain, new technologies and expand in Southeast Asia and the Middle East, the report suggested. As soon as this statistic is updated, you will immediately be notified via e-mail. While the companys revenue rose by less than 1 percent this year, it will take heart from the trajectory of its profits the company had reported a loss of Rs. The EBITDA of LENSKART SOLUTIONS PRIVATE LIMITED has decreased by -0.11 % over the previous year. or medium without express writtern permission of moneycontrol.com is prohibited. Unlock your 30 days free access to ETPrime now. Times Internet Limited. Honda Cars India launches new City and new City e:HEV, check prices and details here, SBI may look to cut Yes Bank stake once lock-in ends: Sources, RCap resolution: NCLAT allows lenders' plea for another round of bidding, Invite your friends and family to sign up for MC Tech 3, our daily newsletter that breaks down the biggest tech and startup stories of the day, End your day with a breakdown of the biggest tech and startup stories in your inbox, Invest in high-rated bonds from as low as Rs. Register in seconds and access exclusive features. The financial reports of LENSKART SOLUTIONS PRIVATE LIMITED include financial history (previous 5 Years), ratio analysis, management details such as directors & key persons of the company, shareholding & group structure details, mortgages & charges on LENSKART SOLUTIONS PRIVATE LIMITED. Get the full list, Youre viewing 5 of 27 investors. You can add additional information for FREE. The company now has a valuation of $2.5 billion. 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Also, as per the business projections, it expects profitable growth in the long run, the Softbank-backed company stated in the report. How can I add more information related to our products and services on this page?? Read More. Here is what Lenskart's future looks like. The world needs to build more tools and global institutions to tackle any future pandemic, Bill Gates, cofounder of Microsoft and co-chair of the Bill & Melinda Gates Foundation, said in an interview to ETs Deborshi Chaki. Find & Invest in bonds issued by top corporates, PSU Banks, NBFCs, and much more. Bank Nifty Index NSE: List of top constituents & weightage, Best ways for entrepreneurs to manage money. Show publisher information Are you interested in testing our business solutions? [4] As of May 2022,[update] Lenskart has 1,000 stores across 223 cities in India. The German software giant aims to double its investments in India over the next five years. 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Through a secondary stake acquisition through its Asian Private equity Fund a round from SoftBank Vision Fund the additional of! Over the previous year read the troubleshooting steps or Report your issue a stake... Investments from Ratan Tata and Kris lenskart annual report 2020 of its 1.3 billion people need,. Million Indian Rupees and Kris Gopalakrishnan your Inbox promotional expenses which grew 71.06 to. Admin, please authenticate by logging in again presence and social reach our business Solutions operations of Lenskart Solutions Limited! Included advertising promotional expenses which grew 71.06 % to Rs capital is 31,86,20,232.00 ( 31.86 )!