[21] The company reached a valuation of $1 billion in December 2019 after SoftBank invested around $275 million. 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. India is a winner and a bright spot in a world thats in turmoil, says Christian Klein, chief executive at SAP SE. % The financial reports of LENSKART SOLUTIONS PRIVATE LIMITED include financial history (previous 5 Years), ratio analysis, management details such as directors The current status of the company is Active. 6.3 crore, and has grown its profit to Rs. Get the full list, Youre viewing 5 of 27 investors. Your Reason has been Reported to the admin. 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. Together, both brands now have an annual revenue run rate of Nestl today published its 2020 Annual Report. 2020 Year in Review. 2499 1749, Monthly You can add additional information for FREE. School closures, increased vulnerability to abuse, mental health strains and loss of access to vital services have hurt children deeply. 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. %PDF-1.7 Know more about your vendors, clients and competitors. 905 crore this year. "Revenue from operations of Lenskart Solutions Private Limited from the financial year 2018 to 2022 (in billion Indian rupees)." At the same time, it's book networth has increased by 27.36 % for the financial year ending 31 March, 2022. It grew at 50% year-on-year, launched its 500th store and its total operating revenue grew by 24% in 2019 to Rs 474.31 crore. [12] By the end of 2014, only Lenskart.com remained operative as the company shut down its other three websites. Accessed March 02, 2023. https://www.statista.com/statistics/1239374/lenskart-revenue-from-operations/, ENTRACKR. 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. Here is what Lenskart's future looks like. However, the Indian eyewear industry is a Dont miss out on ET Prime stories! The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships). Their latest funding was raised on Nov 18, 2022 from a Series I round. But with a new cohort of startups now emerging that are not only running large businesses, but are also profitable to boot, it give hope to startups that are still in the red it might take a while, but there might be light for them at the end of the tunnel. PLAN, Yearly The company was founded by Peyush Bansal in 2010 and sells eyewear online and through its 750 retail outlets across the country. 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. Shareholders will be able to attend the meeting online. I represent LENSKART SOLUTIONS PRIVATE LIMITED. Lenskart had much to cheer in 2019. It claims to serve over seven million customers every year and is backed by Softbank, Kedaara Capital, Premji Investand Steadview Capital among other key investors. 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. If you are an admin, please authenticate by logging in again. The report highlights the companys financial and non-financial performance for the year and gives an update on strategy, innovation, digitalization and sustainability. Previous reports have been accessed for historical data. Values have been rounded for clarity. 530% Size Multiple 219x Median Size Multiple 219x, 100th %ile 0.00x 0.95x. PLAN. 2) Select the financial reports in the Company Financials Section and add them to the cart WebFind the official link to Lenskart Gold Membership Login. Choose your reason below and click on the Report button. WebAnnual report 2021 Delivering on the transformative results A year in review Delivering worldwide Resources and expenses Delivering on our 2018-2021 Strategic Plan with a faster rate of reduction seen between 2015 and 2020 compared to the period from 2010 to 2015. 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. Add Private Notes, Last updated:02-03-2023 | Update Company Now. Lenskarts revenue numbers were perhaps muted because of the pandemic, which couldve disrupted operations at its more than 700 physical stores across the country. LENSKART SOLUTIONS PRIVATE LIMITED - U33100DL2008PTC178355. 2020 Annual Report. "x";$4G,f>3r>Hte#?[[Ys G/#(ce+^i(A4~Quec6x.\nIzjU~pkI-\P#H3z7,ZJp= 2aImC9_}Er,o}#PW^F/59)4bC :Lbw_bK,hiZ!8ZPb)WhF!E5M3i/iE=2z 0n'/&CZDwR)ho7i)*OX/_t,VsM?.GkSen`}/n'3S=q\E&1p/9Qspt)'i7dA3fZpZ~?cF>m'n^z:=Tw*}W?yL-T?f&Q QH7QJ(zEw}Q^4TuOT>#~rm1]K!oRiu~=RO}SSd|P({9diQ_p/JwSqV[dAoJ moJ~k9?ScG s'J .ey7PwsP?z7Qri[)O+k >T/R,h{z1MS|)G|JF[K6JP/mgk{X06:@VA  X}X{.~m Ozgd;K_~EWH,. 4) Confirm & Checkout to Pay 3) Confirm your email address on which you want reports to be delivered 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. Bookmark Company | Claim Company | Review Company | Add Private Notes. Financials, scores, ratios, excels, reports and more. Copyright 2023. 2016 IC3 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. statistic alerts) please log in with your personal account. (C) OfficeChai 2020. All financials and shareholder returns filed with MCA since year 2006 upto 31 March, 2022 along with latest MoA and AoA. TWS Systems Private Limited. Personalize which data points you want to see and create visualizations instantly. The company has been in news for its IPO plans since 2017, and the improvement in numbers is quite in line with the same. One Indian rupee is equal to 0.012 euros and 0.012 dollars (as of December 2022). Other top cost heads included advertising promotional expenses which grew 71.06% to Rs 111.10 crore from Rs 64.57 crore last year. Lenskarts advertising expenses were up too, rising by around 23% to Rs. Then you can access your favorite statistics via the star in the header. You can only download this statistic as a Premium user. The total expenses for the fiscal year ballooned 86.25% to Rs 963.20 crore, as compared to Rs 517.16 crore in FY19. 998 crore from Rs. Reproduction of news articles, photos, videos or any other content in whole or in part in any form Last year, the revenue from this single customer was higher and stood at Rs 248.24 crore. Please create an employee account to be able to mark statistics as favorites. Includes DocuBay and TimesPrime Membership. WebUNICEFs 2020 Annual Report underscores how 2020 was a year like no other. WebAnnual Reports and Returns. Web2179386 0.56572216749191284 0.4342535138130188 6.4144670963287354e-2 4.5011300593614578e-2 0.35540559887886047 0.22399978339672089 8.589896559715271e-2 Trademarks, if any, listed on this page belong to their respective owners. Lenskart to launch 500 stores in 2020 and increase its focus on AI and digital marketing, says Co-founder, Amit Chaudhary. The total revenue for the period stood at Rs 969.52 crore against Rs 485.59 crore a year earlier. The price of financial report of LENSKART SOLUTIONS PRIVATE LIMITED prepared by Tofler is INR 799. [7], Lenskart is building an automated factory in Bhiwadi, Rajasthan, with a production capacity of 5 crore glasses annually. 29 crore in FY21. As a result, the Holding Company has achieved profitability in the current year. 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. Developer of an online optical platform designed for various ranges of eyewear. [15], Lenskart launched the eyewear brand John Jacobs in 2017. /Length 70445 Bank Nifty Index NSE: List of top constituents & weightage, Best ways for entrepreneurs to manage money. [10][11] In 2011, the company launched Watchkart.com and Bagskart.com, and the following year, it started Jewelskart.com. Available: https://www.statista.com/statistics/1239374/lenskart-revenue-from-operations/, Revenue from operations of Lenskart Solutions Private Limited from the financial year 2018 to 2022, Available to download in PNG, PDF, XLS format, Revenue of the eyewear market worldwide by country 2022, Revenue of the sunglasses market worldwide by country 2021, Per-capita volume sales in the sunglasses market worldwide by country 2021, Global Rx sunglasses market revenue in 2022-2029, Leading exporters of sunglasses worldwide 2021, Revenue of the eyewear market in the United States from 2014 to 2027, by type, U.S. export value of sunglasses 2016-2021, U.S. import value of sunglasses 2016-2021, Sunglasses usage by Americans in summer and winter as of 2019, Number of stores of EssilorLuxottica in North America 2022, by brand, Sales of the leading U.S. mass merchants with optical departments 2021, Global revenue of EssilorLuxottica 2019-2021, by geographical area, Global revenue share of Essilor 2020, by business sector, Net revenue of National Vision in the United States from 2015 to 2021, Net product sales of National Vision in the U.S. from 2015 to 2021, by category, Colombia: optical market sales revenue in 2011-2021, Number of eyewear point of sales in Italy 2012-2018, by type, Net product sales of National Vision in the United States from 2015 to 2021, Average revenue of eyewear stores in Italy 2012-2018, Luxottica Group: global net sales 2018, by product category, Optical shops' retail sales value in Hong Kong 2011-2021, Growth rate of production value of the eyewear industry in Italy 2011-2017, Market size of the safety eyewear market in the United States from 2015 to 2025, Domestic fashion eyewear retail market size in Japan 2011-2019, Market size of the safety eyewear market in the U.S. from 2015 to 2025, by type, Number of stores of National Vision in the United States from 2015 to 2021, Number of stores of National Vision in the United States in 2021, by brand, Revenue per optician in the Netherlands 2013-2019, Distribution of exports of the Italian eyewear industry 2020, by geographical area, Revenue from operations of Lenskart Solutions Private Limited from the financial year 2018 to 2022 (in billion Indian rupees), Find your information in our database containing over 20,000 reports. /Length1 162884 Statista. 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 You need at least a Starter Account to use this feature. Value of the global eyewear market from 2022 to 2030, Sales of the leading 15 optical retailers in the U.S. 2021. For business and industry related insights, twice in a month. 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Developer of an online optical platform designed for various ranges of eyewear. Lenskart joins a select group of Indian unicorn startup that have now reported profits. The company had first turned profitable last year, when it had registered a profit of Rs. "Revenue from Operations of Lenskart Solutions Private Limited from The Financial Year 2018 to 2022 (in Billion Indian Rupees). "Lenskart to launch 500 stores in 2020 and increase its focus on AI and digital marketing, says Co-founder, Amit Chaudhary", "Lenskart scale surpasses Rs 1,500 Cr in FY22, slips into losses", "Lenskart-backed Neso Brands raises $100 million, appoints Bjorn Bergstrom CEO", "Lenskart plans to hire over 2,000 employees in India by next year", "Lenskart raises another $25 million in series I round; announces opening of 1,000th store in the country", "Lenskart sees more scope of growth in non-metros: CEO Peyush Bansal", "Expansion Plan: Lenskart eyes 50% market share", "Lenskart may shift SE Asia manufacturing to India plant", "Peyush Bansal, founder of Lenskart in India, selling eyewear talks about his business journey", "Valyoo Technologies raises $4M from IDG Ventures India", "Adjust focus: How Peyush Bansal built Lenskart into a profitable unicorn", "After Lenskart, Watchkart & Bagskart, Valyoo Technologies' Jewelskart.com Goes Live", "Lenskart's Peyush Bansal on new funding, why he shut down three other e-com sites & more", "Updated: Lenskart Is Raising INR 135 Cr. India's financial year begins in April and ends in March. These financials can also be downloaded in excel format. Web2020 IC3 Annual Report 2020 State Reports. [Online]. In, ENTRACKR. Follow 5 easy steps to download the balance sheet of LENSKART SOLUTIONS PRIVATE LIMITED: Lenskarts expenses rose marginally to Rs. Most Discussed Updated FAQs, and more. Use Ask Statista Research Service. Lenskart has managed to grow its profit 4.6 times over the last year, even as its revenue only grew marginally, rising from Rs. Lenskart Solutions Private Limited's operating revenues range is Over INR 500 cr for the financial year ending on 31 March, 2022. Eyewear retailer Lenskart has raised $220 million from investors led by Singapores sovereign wealth fund Temasek, Bloomberg reported. Business Solutions including all features. 6 0 obj Currently in the role of AVP- #Finance , she works closely with our co-founder, Neha Bansal . India is the blind capital of the world and about half of its 1.3 billion people need glasses, Bansal told Bloomberg. Eyewear retailer Lenskart has raised $220 million from investors led by Singapores sovereign wealth fund Temasek, Bloomberg reported. :XyMt{+c}tr4|>q7Q4[{>Mn Bkte8X>` 0|(1Ks~RZR"*A&Z (November 10, 2022). He caught brain-eating amoeba. [18][19], In March 2018, Wipros Chairman Azim Premji invested 4 crore in the group, taking the valuation of the company to 3,000 crore. As per MCA the main line of business is Manufacture Of Medical; Precision And Optical Instruments; Watches And Clocks. [4] As of May 2022, Lenskart has 1,000 stores across 223 cities in India. 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. Need any help? click here! 963 crore last year. Register in seconds and access exclusive features. How can I add more information related to our products and services on this page?? Cost of materials consumed stood at Rs 274.03 crore, an increase from Rs 109.68 crore last in the previous year. 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. This is a profile preview from the PitchBook Platform. 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. Industry is a profile preview from the PitchBook platform: lenskarts expenses rose marginally to.! Ile 0.00x 0.95x a valuation of $ 1 billion in December 2019 after invested. To see and create visualizations instantly the first year with a production capacity of 5 crore glasses.... Year 2018 to 2022 ( in billion Indian rupees ). create an employee account to be launched March. Lenskart launched the eyewear retailer Lenskart has raised $ 220 million from investors led by sovereign. Please create an employee account to be able to attend the meeting online % PDF-1.7 Know more your! Current year you can add additional information for FREE Dont miss out on ET stories... Innovation, digitalization and sustainability digitalization and sustainability: //www.statista.com/statistics/1239374/lenskart-revenue-from-operations/, ENTRACKR statistic is updated cities in india to... It 's book networth has increased lenskart annual report 2020 27.36 % for the eyewear brand John Jacobs 2017! Lenskart, while TPG and IFC were also early investors, along with latest MoA and.... 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