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Lenskart raises additional INR 24 Crores from Ronnie Screwvala

lenskart
Ronie Screwvala has invested an additional INR 24 Crores in Lenskart at INR 2000 Crores Valuation. The latest investment brings his stake in lenskart to 19%

Lenskart Solutions, online eyewear solutions company has raised an additional amount of INR 24 Crores from Ronie Screwvala. With the latest investment, total amount of money invested by UniLazer Venures in Lenskart has become INR 100 Crores, the latest investment was made at a valuation of INR 2000 Crores.

The latest development comes at a point when Ronie Screwvala has distanced himself from making fresh investments in the Indian Startup ecosystem. He is all set to start his second entrepreneurial journey with primary focus on UpGrad, The EdTech company which was initially seeded by Unilazer ventures. Ronie and his Unilazer Venture has committed an additional INR 300 Crores of capital to UpGrad.

Talking on the news, Peyush Bansal, Chief Executive Lenskart stated that Ronie has always been positive about the company and its founders along with helping in shaping the strategy. The additional funding is a proof that he is looking at Lenskart as a serious investment and is ready to commit for the future.

Unilazer now owns around 19% of the stake in Lenskart. The company has also raised investment from the likes of International Finance Corp (Private Investment Arm of World Bank), TPD Growth, IDG Ventures, PremjiInvest, Ratan Tata and Adveq Management.

About the author

Kunwar Prithvi Singh Chauhan

Part time journalist, full-time observer. Editor-in-Chief at The Indian Wire. I cover updates related to business and startups.

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