In a major business development, D-Mart founder Radhakishan Damani is set to invest ₹100 crore in eyewear brand Lenskart, joining a growing list of investors backing the fast-expanding company. The move highlights strong investor confidence in India’s booming eyewear and lifestyle market.
According to reports, Damani’s investment will be part of a larger funding round that values Lenskart at over $5 billion (₹41,000 crore). This marks another milestone for the company, which has rapidly expanded across India and international markets through both online and offline channels.
Why This Matters
Lenskart, founded by Peyush Bansal in 2010, has become a household name in India with its combination of tech-driven vision testing, trendy eyewear, and customer convenience. The company’s strategic focus on affordable fashion eyewear and AI-powered eye checkups has helped it stand out in a competitive space.
Radhakishan Damani’s entry is seen as a strategic long-term investment, as D-Mart and Lenskart both focus on value-driven retail models targeting India’s middle-class consumers.
Recent Developments at Lenskart
- In 2024, Lenskart raised $200 million from Temasek and ChrysCapital.
- It recently expanded into the Middle East and Southeast Asia.
- The brand operates over 2,000 stores globally and continues to grow rapidly.
This fresh investment signals continued optimism in India’s direct-to-consumer (D2C) and retail innovation sectors.
Summary Table
| Detail | Information |
|---|---|
| Investor | Radhakishan Damani (Founder, D-Mart) |
| Investment Amount | ₹100 crore |
| Company | Lenskart |
| Founder of Lenskart | Peyush Bansal |
| Valuation (approx.) | $5 billion (₹41,000 crore) |
| Sector | Eyewear & Retail |
| Purpose | Expansion and tech innovation |
| Recent Funding | $200 million from Temasek & ChrysCapital |
| Stores Worldwide | 2,000+ |
| Year Founded | 2010 |
