Lenskart raises Funding from Premji Invest

Lenskart.com has raised funding from Premji Invest, the investment office of Mr. Azim Premji, Chairman and Founder of the Wipro Group. Lenskart’s aim is to expand access to high-quality and affordable eye-care products across India.

The transaction comes three months after it got 400 crore, in a round led by International Finance Corp, the private sector investment arm of the World Bank. Apart from IFC, the other marquee investors like IFC, TPG Growth, IDG Ventures, Unilazer Ventures, Adveq have also previously invested in the company.

Premji Invest has had a strong focus on consumer and retail brands and upholds the reputation of being a long term partner that supports founders and management teams of brands like FabIndia, Myntra, Future Lifestyle Fashions and Vasmol in expanding their portfolio, enabling business initiatives, supporting organic sustainability and driving strong governance.