Lenskart raises Rs 135 crore in funding led by TPG Growth

Lenskart raises Rs 135 crore in funding led by TPG GrowthLenskart, online shopping portal for prescription eye-wear has raised Rs 135 crore in series C round of funding led by TPG Growth. Hong Kong-based TR Capital and existing investor, IDG Ventures also participated in this round of funding.

“In TPG, we found strategic partners and advisors with proven capability to build a large consumer-centric enterprise. With this new investment, we will be hiring the best talent and give them a world-class environment to innovate and solve India’s eye-wear problems at a very large scale,” said Peyush Bansal, founder and CEO of Lenskart.

“TPG is an active investor in the Internet sector. We are excited about the evolution of Internet in India and delighted to partner with Lenskart as our first investment in this space,” said Manas Tandon, Director at TPG Growth.

Earlier, the company had raised Rs 53 crore from Ronnie Screwvala-led Unilazer Ventures and existing investor IDG Ventures, India in February 2013.

Lenskart has raised almost Rs 200 crore of capital across three rounds of fund-raising till date and has revenues close to Rs 100 crore. It claims 15% growth every month.