Avendus Capital Advises Lenskart on Its Fundraising From Premji Invest.

“We are thrilled and humbled with the confidence shown by Premji Invest in Lenskart. With this collaboration, the company will be able to draw on Premji Invest’s extensive experience, particularly in retail and creating long lasting brands to realize its potential and develop best practices.” We intend to grow strategically thereby strengthening our presence via both online and offline channels.
 

Also opined, “IDG has been part of the Lenskart story since its early days. We continue to believe in Peyush’s and Lenkart’s vision to become the default eyewear brand in India. With this transaction, we welcome Premji Invest into the Lenskart family and are sure Lenskart will be able to leverage Premji Invest’s expertise in consumer and retail sectors to fuel its future growth.”
 

“We believe Lenskart has built a fundamentally strong business and continue to innovate setting benchmarks for the segment. Partnering with Premji Invest will further assist Lenskart in fortifying its leadership in the eyewear space in India. This is testimony to our faith in the Indian e-tail space where players with differentiated propositions create superior customer and stakeholder value.”

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.