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Lenskart FY23: Lenskart revenue jumps to Rs 3,788 crore in FY23; trims losses to Rs 102 crore, ET Retail

Lenskart FY23: On a standalone basis, Lenskart has been profitable, and reported a net profit of Rs 138 crore in FY23, a 25-fold jump from the previous fiscal. Standalone operating revenue stood at Rs 2,375 crore.

Lenskart FY23: Lenskart revenue jumps to Rs 3,788 crore in FY23; trims losses to Rs 102 crore

On a standalone basis, Lenskart has been profitable, and reported a net profit of Rs 138 crore in FY23, a 25-fold jump from the previous fiscal. Standalone operating revenue stood at Rs 2,375 crore.

Timasek and Fidelity s potential $200 Mn investment in Lenskart to increase valuation to $5 Bn

With a big investment from Temasek in Singapore and Fidelity in the United States, India's Lenskart, an eyewear store, is very close to reaching a significant milestone as it approaches a $5 billion value.

Lenskart in Sight of $200-m Secondary

Singapores Temasek and US Fidelity are in advanced discussions to invest around $200 million in Lenskart through a secondary share sale at a valuation of about $5 billion, three people aware of the matter said.

Lenskart: Temasek, Fidelity may invest $200 million in Lenskart at $5 billion valuation

This round would take homegrown eyewear company Lenskart s valuation to over three times that of Warby Parker, a New York-based online retailer for spectacles and contact lens. Warby Parker listed on the NYSE late in 2022 and has a market capitalisation of around $1.55 billion.

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