ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Retail

Eyewear retailer Lenskart becomes India's latest unicorn

Startup eyes expansion with $231m new funding from SoftBank

Lenskart entered Singapore earlier this year and plans to enter markets such as the Philippines, Taiwan and the Middle East (Screenshot of the company's website).

NEW DELHI -- After months of speculation, Indian eyewear retailer Lenskart Solutions has raised about 16.45 billion rupees ($231 million) in a series G funding round led by Japanese behemoth SoftBank Group.

Lenskart passed a board resolution on Dec. 12 approving the allotment of 22,976,465 compulsorily convertible cumulative preference shares to SVF II (Cayman Islands) Lightbulb, a Cayman Islands-based entity that appears to be an investment vehicle of SoftBank Vision Fund, according to business signals platform Paper.vc.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more