Lenskart, led by Peyush Bansal, posted a 43.2% increase in operating revenue, reaching Rs 5,427.7 crore in FY24, up from Rs 3,788.02 crore in FY23, as per company filings. Expenses rose by 37%, driven by employee benefits, interest, and material costs. Fidelity, a US asset management firm, marked up Lenskart’s valuation by 12% in September, valuing the company at $5.6 billion. Fidelity had initially invested $200 million in June, joining Temasek. Following this, Lenskart’s co-founders added another $19.12 million. The company, with strong global ambitions, earned Rs 2,271.6 crore from international operations in FY24, a rise from Rs 1,556.1 crore the previous year.

Subscribe Advertising Reporter Newsletter

Signup to receive your daily updates of Media Industry Insights on Advertising, Agencies, Media and Marketing.

Just confirm your subscription and we are officially friends.

Leave a Reply

Your email address will not be published. Required fields are marked *