Avendus Capital advises Lenskart and its shareholders on its USD 100 million investment from ChrysCapital

At Lenskart, we like to work with partners who have a longterm vision to create organizations that can consistently improve lives and make the world a better place. ChrysCapital is one of the most esteemed Indian equity partners, and it is my privilege to have them by our side. Incidences of myopia are rapidly growing globally, especially in Asia, including India, with big unsolved problems of access, affordability, and awareness. We believe that with the help of technology, customer centricity, and big investments in supply chain and talent, we can eradicate the problem of vision correction. Eyewear as a lifestyle category is at a very early stage in its evolution, and there is a lot of opportunity to make glasses that can uplift our quality of life significantly as seen in shoes, apparel, and watches. And hence it is still Day 1 at Lenskart in our journey of transforming the way people see and experience the world.

ChrysCapital is excited to back a strong execution-focused management team that has established dominant market leadership in the eyewear segment. Lenskart has been instrumental in developing this market, driven by its unwavering commitment to exceptional customer satisfaction, affordability, and reliability. 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. This investment aligns with ChrysCapital’s strategy of backing founders that are category creators and who leverage technology to offer an outstanding customer experience

Lenskart continues to demonstrate its prowess in leveraging technology and innovation to provide customers with unparalleled convenience, affordability, and a seamless experience across touchpoints. This backing from a renowned investor like ChrysCapital serves as a powerful testament to Lenskart's remarkable track record and its immense potential for future growth. This transaction not only reinforces our belief in the availability of ample capital for exceptional businesses but also highlights the sustained excitement from a diverse investor base for the Indian tech landscape.