Avendus Capital was the exclusive financial advisor to Lenskart & its shareholders on the transaction. 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 [4] As of May 2022, Lenskart has 1,000 stores across 223 cities in India. Most Discussed Updated FAQs, and more. 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. 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. 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. The company was founded by Peyush Bansal in 2010 and sells eyewear online and through its 750 retail outlets across the country. 111 crore incurred during FY20. The financial reports of LENSKART SOLUTIONS PRIVATE LIMITED include financial history (previous 5 Years), ratio analysis, management details such as directors Show publisher information KKR had invested through a secondary stake acquisition through its Asian private equity fund. Most of Indias startup unicorns might be currently mired in losses, but theres a small and growing number of companies that are finally beginning to make some money. Are global firms taking Indian regulators for a ride? The company had first turned profitable last year, when it had registered a profit of Rs. Lenskart to launch 500 stores in 2020 and increase its focus on AI and digital marketing, says Co-founder, Amit Chaudhary. You can add additional information for FREE. I represent LENSKART SOLUTIONS PRIVATE LIMITED. 10,000, Traders Mela for Hindi Speaking Trading Community on 4th & 5th March, Putin, girlfriend live in a secret, 'golden palace' hidden from the world: report, Bill Gates' gift to Ratan Tata during Mumbai meeting, What Bill Gates said after meeting YouTuber Prajakta Koli, 'Hellscape', 'petfluencer', 'digital nomad': Dictionary.com adds new words, Florida man dies after using tap water. Statista. No spam. Please visit About Us tab on this page to add additional information about LENSKART SOLUTIONS PRIVATE LIMITED. Softbank to invest $350m at $1.3bn valuation", "Lenskart set to turn unicorn with likely $350M SoftBank funding - ETtech", "Lenskart acquires majority stake in eyewear brand Owndays in $400 million deal", https://en.wikipedia.org/w/index.php?title=Lenskart&oldid=1142303662, Short description is different from Wikidata, All Wikipedia articles written in Indian English, Articles containing potentially dated statements from May 2022, All articles containing potentially dated statements, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 1 March 2023, at 17:29. Get the full list, Youre viewing 5 of 17 executive team members. click here! The total revenue for the period stood at Rs 969.52 crore against Rs 485.59 crore a year earlier. Need a financial report of the company at INR 799? WebInformation contained in the report is the latest at the time of the release and you are kindly requested to note that the information presented in the report may differ from more recent information due to organizational changes, changes in personnel, end of product sales, or other factors. Their latest funding was raised on Nov 18, 2022 from a Series I round. Pay up abroad, but play around in India. PLAN, Yearly At the same time, it's book networth has increased by 27.36 % for the financial year ending 31 March, 2022. [10][11] In 2011, the company launched Watchkart.com and Bagskart.com, and the following year, it started Jewelskart.com. Lenskart Solutions Private Limited's operating revenues range is Over INR 500 cr for the financial year ending on 31 March, 2022. The total expenses for the fiscal year ballooned 86.25% to Rs 963.20 crore, as compared to Rs 517.16 crore in FY19. Profit for FY20 stood at Rs 6.32 crore, from a loss of Rs 31.57 crore in the previous year on a consolidated basis, according to regulatory filings. Just this year, Dream11 had reported a profit of Rs. The popular eyewear startup The Hongkong and Shanghai Banking Corporation Limited, Revenue / turnover of LENSKART SOLUTIONS PRIVATE LIMITED is Over INR 500 cr, Net worth of the company has increased by 27.36 %, EBITDA of the company has decreased by -0.11 %, Total assets of the company has increased by 34.48 %, Liabilities of the company has increased by 36.73 %. But not all children have been affected equally. For business and industry related insights, twice in a month. Total Starbucks locations globally 2003-2022, U.S. beer market: leading domestic beer brands 2017, based on sales, Revenue and financial key figures of Coca-Cola 2009-2021, Profit from additional features with an Employee Account. Bookmark Company | While the Holding Company has incurred significant losses in the earlier years, it has taken various business initiatives to increase profitability. Revenue share from the Indian market was Rs 894.22 crore in FY20, while Rs 6.04 crore was contributed by the Singapore market. 29 crore in FY21. Bank Nifty Index NSE: List of top constituents & weightage, Best ways for entrepreneurs to manage money. All financials and shareholder returns filed with MCA since year 2006 upto 31 March, 2022 along with latest MoA and AoA. This statistic is not included in your account. Profit from the additional features of your individual account. This is a profile preview from the PitchBook Platform. WebA leading, reliable textile company in India | Welspun India Lenskart had much to cheer in 2019. 3) Confirm your email address on which you want reports to be delivered 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. Win whats next. 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. 963 crore last year. There will be no physical location The company's platform sells prescription eyewear, branded contact lenses, sunglasses, and accessories, enabling customers to get the latest eyewear collections with free home delivery. An easy-to-read PDF report on the company that includes five year financial information, ratio analysis, management, group structure, shareholding pattern and more. Looking back at a year where, despite the turbulence caused by the pandemic, the Stanford community found new ways to come together to learn and work, while also advancing research to address problems posed by the global health crisis. You need a Statista Account for unlimited access. Use Ask Statista Research Service. As a Premium user you get access to background information and details about the release of this statistic. Copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved. LENSKART SOLUTIONS PRIVATE LIMITED's Annual General Meeting (AGM) was last held on 30 Sep 2022 and as per records from Ministry of Corporate Affairs (MCA), its balance sheet was last filed on 31 Mar 2022. [12] By the end of 2014, only Lenskart.com remained operative as the company shut down its other three websites. ENTRACKR. /Length 70445 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 For the fiscal year ended October 3, 2020 or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____. [16][17] In October 2017, Lenskart signed up its first brand ambassador Katrina Kaif. WebFISCAL YEAR 2020 ANNUAL FINANCIAL REPORT. Developer of an online optical platform designed for various ranges of eyewear. Web2020 IC3 Annual Report 2020 State Reports. 4) Confirm & Checkout to Pay November 10, 2022. These financials can also be downloaded in excel format. [14] In 2016, International Finance Corporation, Adveq Management, TPG Growth and IDG Ventures India invested a total of $60 million in Lenskart. x|xTUwI/!L @(! 6.3 crore. 6.3 crore, and has grown its profit to Rs. India is a winner and a bright spot in a world thats in turmoil, says Christian Klein, chief executive at SAP SE. 31 crore in FY 19, became profitable for the first time in FY20 with a profit of Rs. Commission paid to other selling agents was up, to Rs 196.65 crore from Rs 56.43 crore last year. Here is the video showing how you can study the financials of an Indian company on the Company360 platform. Economy Grows at a Slower Pace of 4.4% in Dec qtr, Hope It Doesnt Take a Second Pandemic to Build Right Tools, Trying to replace Chinas supply chains? These will be heartening signs for the Indian startup ecosystem for several years, Indian startups have grown rapidly, but have done so while making thousands of crores of losses. India's financial year begins in April and ends in March. Personalize which data points you want to see and create visualizations instantly. The current status of the company is Active. 2) Select the financial reports in the Company Financials Section and add them to the cart Stock Radar: This auto component maker may retest 52-week highs in 2 months; should you buy? Copyright e-Eighteen.com Ltd. All rights reserved. Are you interested in testing our business solutions? Invest as low as 10,000 and earn better returns than FD, Find safe & high-yielding bonds for your buck. It is an easy-to-read PDF report on the company that includes five year financial information, ratio analysis, management, group structure, shareholding pattern and more. 29 crore in FY21. WebAnnual Reports and Returns. [20][15] In 2018, the company became profitable, EBITDA positive. (November 10, 2022). 2020 Year in Review. Founded in 2010 by Peyush Bansal, Amit Choudhary and Sumeet Kapahi, Lenkart started as an online eyewear retailer. [5][6] Its manufacturing facility in New Delhi manufactures 3 lakh glasses a month. 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