180 crore, and Groww had also turned profitable, registering a profit of Rs. LENSKART SOLUTIONS PRIVATE LIMITED's unique Corporate Identification Number (CIN) is U33100DL2008PTC178355 and its registration number is 178355. For example, FY 2022 started in April 2021 and ended in March 2022. "Revenue from operations of Lenskart Solutions Private Limited from the financial year 2018 to 2022 (in billion Indian rupees)." The total revenue for the period stood at Rs 969.52 crore against Rs 485.59 crore a year earlier. Learn more about how Statista can support your business. Please do not hesitate to contact me. Claim Company | Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. The current filings represent the financial performance of Lenskart Solutions Private Limited, one such subsidiary. The eyewear retailer has grown to serve more than 400K customers on a monthly basis and claims to account for nearly 30% of Indias organised eyewear market. [20][15] In 2018, the company became profitable, EBITDA positive. Includes DocuBay and TimesPrime Membership. Its authorized share capital is 50,25,20,000.00 ( 50.25 Cr ) and its paid up capital is 31,86,20,232.00 ( 31.86 Cr ). Need any help? Currently, you are using a shared account. % All rights reserved. Just this year, Dream11 had reported a profit of Rs. << 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. The Bengaluru-based eyewear retailers revenue from operations stood at Rs 900.27 crores, an 89.81% increase from Rs 474.31 crore in FY19. NEW DELHI: SoftBank-backed Lenskart Eyewear Solutions has projected a 20% growth in sales in the current financial year, at a time when the ongoing Covid-19 For reprint rights: Continue reading with one of these options: Login to get access to some exclusive stories, Get access to exclusive stories, expert opinions &, Valid only with UPI, Credit & Debit Cards Autopay, Inciting hatred against a certain community, 15 Get full access to all features within our Business Solutions. Previously, insurance platform Policybazaar, ed-tech startup Byjus and beauty retailer Nykaa have reported being profitable in specific years. [8], Peyush Bansal, a former Microsoft employee, founded Lenskart.com in 2010 along with Amit Chaudhary and Sumeet Kapahi. Now, sources have told us the much-delayed app is likely to be launched in March 2022. Softbank owns about 20% of Lenskart, while TPG and IFC were also early investors, along with marquee angel investor Ronnie Screwvala. We have continued to grow exponentially, in international markets as well as in India. Show publisher information An easy-to-read PDF report on the company that includes five year financial information, ratio analysis, management, group structure, shareholding pattern and more. The company plans to use this capital and $95 million raised from KKR in May to make investments in its supply chain, new technologies and expand in Southeast Asia and the Middle East, the report suggested. The report highlights the companys financial and non-financial performance for the year and gives an update on strategy, innovation, digitalization and sustainability. [9] In 2011, IDG Ventures India invested $4 million in the company and mandated it to also sell wristwatches, bags and jewellery online to replicate Titan Company's business. You can only download this statistic as a Premium user. In, ENTRACKR. 6.3 crore. 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. Get the full list, Youre viewing 5 of 7 investments and acquisitions. Get the full list, Youre viewing 5 of 17 executive team members. WebLenskart is an Indian multinational optical prescription eyewear retail chain, based in Faridabad. The operating revenue of LENSKART SOLUTIONS PRIVATE LIMITED is in the range of Over INR 500 cr for the financial year ending on 31 March, 2022. [21] The company reached a valuation of $1 billion in December 2019 after SoftBank invested around $275 million. It is classified as Private UnListed Indian Non-Government Company. India's financial year begins in April and ends in March. Lenskart became a unicorn in FY20 after raising $275 million in a round from SoftBank Vision Fund. Lenskarts expenses rose marginally to Rs. Tofler Company360 provides access to any Indian company's financial documents, charts, ratio analysis and more. Revenue from operations of Lenskart Solutions Private Limited from the financial year 2018 to 2022 (in billion Indian rupees) [Graph]. WebLenskart has 5 employees at their 1 location, $679.6 m in total funding, and $68 m in annual revenue in Y 2019. You need at least a Starter Account to use this feature. WebLenskart: A Report COPYRIGHT 2020 CENTRE FOR DIGITAL ECONOMY, IIM RAIPUR ALL RIGHTS RESERVED 2 They focus on three parameters to delight the Find & Invest in bonds issued by top corporates, PSU Banks, NBFCs, and much more. Bank Nifty Index NSE: List of top constituents & weightage, Best ways for entrepreneurs to manage money. Tofler makes no claim of ownership or affiliation with any trademark (REGISTERED OR UNREGISTERED) that forms part of any Company/LLP name listed on this page. 15 India is a winner and a bright spot in a world thats in turmoil, says Christian Klein, chief executive at SAP SE. 900 crore in F20 to Rs. Get the full list, Youre viewing 5 of 18 board members. Cost of materials consumed stood at Rs 274.03 crore, an increase from Rs 109.68 crore last in the previous year. [4] As of May 2022, Lenskart has 1,000 stores across 223 cities in India. Lenskart has posted a profit of Rs. Copyright e-Eighteen.com Ltd. All rights reserved. Get the full list, To view Lenskarts complete subsidiaries history, request access, To view Lenskarts complete exits history, request access, Morningstar Institutional Equity Research, Co-Founder, Chief Executive & People Officer & Board Member, Chief Operating Officer & Chief Business Officer, Co-Founder, Director of Finance & Board Member. LENSKART SOLUTIONS PRIVATE LIMITED is a 14.10 Years old company, incorporated on 19 May 2008. Profit from the additional features of your individual account. Values have been rounded for clarity. 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. 530% Size Multiple 219x Median Size Multiple 219x, 100th %ile 0.00x 0.95x. Reproduction of news articles, photos, videos or any other content in whole or in part in any form stream The financial year 2020 was the first year with a profit for the eyewear retailer Lenskart. The profit summed up to more than 170 million Indian rupees. While the losses had increased between 2018 and 2019, this marks a large jump into profitability. Get notified via email when this statistic is updated. You only have access to basic statistics. Lenskart to launch 500 stores in 2020 and increase its focus on AI and digital marketing, says Co-founder, Amit Chaudhary. Together, both brands now have an annual revenue run rate of ENTRACKR. This statistic is not included in your account. WebFind the official link to Lenskart Gold Membership Login. WebPortions of the Registrants Annual Report to Stockholders for the fiscal year endedDecember 31, 2019 are incorporated by reference in Part II of this Annual Report All Rights Reserved. The company has been in news for its IPO plans since 2017, and the improvement in numbers is quite in line with the same. 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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. Indias fastest-growing blockchain unicorn and a USD1.5 billion question. Times Syndication Service. The company is incorporated with the address W-123; GREATER KAILASH; PART-2; NEW DELHI; Delhi; 110048; India. 2016 IC3 Ultiro Gas Safety Division Private Limited, Chamuah Engineering & Machineries Private Limited, Assam State Minor Irrigation Development Corporation Limited, Eastern Mechnotech Engineering Services Private Limited, Farm Machinery & Tractor Company India Private Limited, Singh Brothers Works And Engineering Private Limited, Kelsten Power And Controls Private Limited, Ysme Electrical Industries Private Limited, Smruty Fire & Safety Services Private Limited, Vidhatri E-Automotive Tech Private Limited, Ultramodern Elevator's And Escalator Private Limited, Analytical Tools And Services Private Limited, Rhombus Advanced Testing Solutions Private Limited, Roitra Engineering Services Private Limited, Touch-Tech Solutions And Services Private Limited, Ri Mining & Construction Equipment Private Limited, Chanan Engineering Buildwin Services Private Limited, Conserve Engineering And Technologies Private Limited, Samtel India Ltd (Transfer From Delhi To Rajasthan), Shree Tanishq Machineries Private Limited, Laxmi Vandana Energy Safety And Saver Private Limited, Mccoy Automation And Instrumentation Private Limited, Diwakar Renewable & Infra Private Limited, Acr Instruments And Valves Private Limited, Himenviro Environmental Engineering Co. Days Trial All financials and shareholder returns filed with MCA since year 2006 upto 31 March, 2022 along with latest MoA and AoA. Lenskart has managed to grow its profit 4.6 times over the last year, even as its revenue only grew marginally, rising from Rs. As a Premium user you get access to background information and details about the release of this statistic. However, the Indian eyewear industry is a If you are still unable to resolve the login problem, read the troubleshooting steps or report your issue. Value of the global eyewear market from 2022 to 2030, Sales of the leading 15 optical retailers in the U.S. 2021. Shareholders will be able to attend the meeting online. Need a financial report of the company at INR 799? The filing mentions another revenue stream, from an unnamed single customer, which accounted for more than 10% of the groups total revenue at Rs 148.56 crore. 6 0 obj Lenskart Solutions Private Limited's operating revenues range is Over INR 500 cr for the financial year ending on 31 March, 2022. Are global firms taking Indian regulators for a ride? After nearly a decade of operations, Lenskart Solutions, which operates an eponymous omnichannel eyewear retailer, turned profitable in the financial year ended Invest as low as 10,000 and earn better returns than FD, Find safe & high-yielding bonds for your buck. /Filter /FlateDecode 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. You can add additional information for FREE. From TPG, TR Capital & IDG In Series C", "How Lenskart is defying the start-up trend", "John Jacobs to clock 500 cr revenue by March 2021", "Lenskart invests $4 million to expand John Jacobs brand stores", "Lenskart ropes in Katrina Kaif as brand ambassador", "Katrina Kaif is Lenskart's first-ever ambassador", "Lenskart valuation touches Rs 3,000 Cr after a secondary transaction - ETtech", "Lenskart announces Bhuvan Bam as its new brand ambassador", "SoftBank Vision Fund invests $275M in India's Lenskart", "Lenskart to become the next unicorn! I represent LENSKART SOLUTIONS PRIVATE LIMITED. Follow 5 easy steps to download the balance sheet of LENSKART SOLUTIONS PRIVATE LIMITED: For business and industry related insights, twice in a month. One Indian rupee is equal to 0.012 euros and 0.012 dollars (as of December 2022). Last year, the revenue from this single customer was higher and stood at Rs 248.24 crore. WebA leading, reliable textile company in India | Welspun India Road, Gurgaon - 122002 (CIN: U72502DL2013PTC261372). Business Solutions including all features. Honda Cars India launches new City and new City e:HEV, check prices and details here, SBI may look to cut Yes Bank stake once lock-in ends: Sources, RCap resolution: NCLAT allows lenders' plea for another round of bidding, Invite your friends and family to sign up for MC Tech 3, our daily newsletter that breaks down the biggest tech and startup stories of the day, End your day with a breakdown of the biggest tech and startup stories in your inbox, Invest in high-rated bonds from as low as Rs. November 10, 2022. Lenskarts advertising expenses were up too, rising by around 23% to Rs. Eyewear retailer Lenskart has raised $220 million from investors led by Singapores sovereign wealth fund Temasek, Bloomberg reported. [5][6] Its manufacturing facility in New Delhi manufactures 3 lakh glasses a month. 963 crore last year. As soon as this statistic is updated, you will immediately be notified via e-mail. According to Ministry of Corporate Affairs (MCA), its total operating revenue grew by 24% in 2019 to Rs 474.31 crore. 2020 Year in Review. 29 crore in FY21. 111 crore incurred during FY20. You need a Statista Account for unlimited access. /Length 70445 WebLenskart News: Read latest Lenskart news and recent Lenskart updates on The Economic Times. [13], In January 2015, the company raised 135 crore from TPG Growth, TR Capital and IDG Ventures India. This is a profile preview from the PitchBook Platform. 136 crore during FY21, as opposed to Rs. 900 crore in F20 to Rs. Most Discussed Updated FAQs, and more. 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. Eyewear retailer Lenskart has raised $220 million from investors led by Singapores sovereign wealth fund Temasek, Bloomberg reported. Stock Radar: This auto component maker may retest 52-week highs in 2 months; should you buy? Your Reason has been Reported to the admin. Dont miss out on ET Prime stories! How can I add more information related to our products and services on this page?? Here is what Lenskart's future looks like. It's EBITDA has decreased by Delhi ; Delhi ; 110048 ; India I add more information related to our products and services on page! Rs 109.68 crore last in the U.S. 2021 to 0.012 euros and dollars! And ends in March of ENTRACKR constituents & weightage, Best ways for to... To background information and details about the release of this statistic is updated retailers in the U.S..! Corporate Identification Number ( CIN: U72502DL2013PTC261372 ). analysis and more single customer was higher and at. Highlights the companys financial and non-financial performance for the year and gives an update strategy. Lenskart to launch 500 stores in 2020 and increase its focus on AI and digital,... A 14.10 years old company, incorporated on 19 May 2008 [ 13 ], January. Delhi ; 110048 ; India old company, incorporated on 19 May 2008 profit of Rs an on. 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