Early investors in Lenskart-- TPG Growth and TR Capital-- which first invested in late 2014, have reportedly divested a portion of their holding in the company. Please do not hesitate to contact me. Lenskart is now a growth-stage company, which became EBITDA positive in December last year, and which has continued into January, said CEO of Lenskart, Peyush Bansal. From Lenskart to Sharechat, startups strapped for time and hands find that interns fit well into their stay lean, grow fast strategy 136 crore during FY21, as opposed to Rs. Claim Company | Smoke without 5ire? Financials, scores, ratios, excels, reports and more. As a Premium user you get access to background information and details about the release of this statistic. WebWith over 15 years of experience in the Finance sector, Jyoti Tandon joined #Lenskart in 2020. The company plans to use this capital and $95 million raised from KKR in May to make investments in its supply chain, new technologies and expand in Southeast Asia and the Middle East, the report suggested. Value of the global eyewear market from 2022 to 2030, Sales of the leading 15 optical retailers in the U.S. 2021. All Rights Reserved. "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. Lenskarts revenue numbers were perhaps muted because of the pandemic, which couldve disrupted operations at its more than 700 physical stores across the country. All trademarks, service marks, trade names and logos appearing on the site are the property of their respective owners. Subscribe to the Tofler Company360 program for complete access to Tofler's database. The financial reports of LENSKART SOLUTIONS PRIVATE LIMITED include financial history (previous 5 Years), ratio analysis, management details such as directors & key persons of the company, shareholding & group structure details, mortgages & charges on LENSKART SOLUTIONS PRIVATE LIMITED. 2020. WebLenskart: A Report COPYRIGHT 2020 CENTRE FOR DIGITAL ECONOMY, IIM RAIPUR ALL RIGHTS RESERVED 2 They focus on three parameters to delight the 27 crore. No spam. Lenskart previously raised $28.2 mn on June 9, 2022, after which it raised $12.5 mn on August 8, 2022, from Ravi Modi Family Trust. From TPG, TR Capital & IDG In Series C", "How Lenskart is defying the start-up trend", "John Jacobs to clock 500 cr revenue by March 2021", "Lenskart invests $4 million to expand John Jacobs brand stores", "Lenskart ropes in Katrina Kaif as brand ambassador", "Katrina Kaif is Lenskart's first-ever ambassador", "Lenskart valuation touches Rs 3,000 Cr after a secondary transaction - ETtech", "Lenskart announces Bhuvan Bam as its new brand ambassador", "SoftBank Vision Fund invests $275M in India's Lenskart", "Lenskart to become the next unicorn! Read More. Revenue share from the Indian market was Rs 894.22 crore in FY20, while Rs 6.04 crore was contributed by the Singapore market. According to Ministry of Corporate Affairs (MCA), its total operating revenue grew by 24% in 2019 to Rs 474.31 crore. 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You can only download this statistic as a Premium user. 31 crore in FY 19, became profitable for the first time in FY20 with a profit of Rs. /Length1 162884 WebTel no: +912262102400 INVESTOR CONTACTS For queries related to financial statements & Investor Matters Mr. Mukesh Ranga Company Secretary and Compliance There will be no physical location 10,000, Traders Mela for Hindi Speaking Trading Community on 4th & 5th March, Putin, girlfriend live in a secret, 'golden palace' hidden from the world: report, Bill Gates' gift to Ratan Tata during Mumbai meeting, What Bill Gates said after meeting YouTuber Prajakta Koli, 'Hellscape', 'petfluencer', 'digital nomad': Dictionary.com adds new words, Florida man dies after using tap water. While the Holding Company has incurred significant losses in the earlier years, it has taken various business initiatives to increase profitability. 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. How can I add more information related to our products and services on this page?? ", ENTRACKR, Revenue from operations of Lenskart Solutions Private Limited from the financial year 2018 to 2022 (in billion Indian rupees) Statista, https://www.statista.com/statistics/1239374/lenskart-revenue-from-operations/ (last visited March 02, 2023), Revenue from operations of Lenskart Solutions Private Limited from the financial year 2018 to 2022 (in billion Indian rupees) [Graph], ENTRACKR, November 10, 2022. Unlock your 30 days free access to ETPrime now. Bh HPP:P]7\]WW(@(IHUECt~YCMDN1''zAe KKR had invested through a secondary stake acquisition through its Asian private equity fund. Currently, you are using a shared account. November 10, 2022. Times Syndication Service. WebLenskart has 5 employees at their 1 location, $679.6 m in total funding, and $68 m in annual revenue in Y 2019. KKR had committed to help the company scale its operations overseas and enhance its digital offerings to augment customers virtual and omni-store experiences. Just this year, Dream11 had reported a profit of Rs. 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. Looking back at a year where, despite the turbulence caused by the pandemic, the Stanford community found new ways to come together to learn and work, while also advancing research to address problems posed by the global health crisis. Review Company | Choose your reason below and click on the Report button. Economy Grows at a Slower Pace of 4.4% in Dec qtr, Hope It Doesnt Take a Second Pandemic to Build Right Tools, Trying to replace Chinas supply chains? Follow 5 easy steps to download the balance sheet of LENSKART SOLUTIONS PRIVATE LIMITED: The total revenue for the period stood at Rs 969.52 crore against Rs 485.59 crore a year earlier. 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The EBITDA of LENSKART SOLUTIONS PRIVATE LIMITED has decreased by -0.11 % over the previous year. You only have access to basic statistics. LENSKART SOLUTIONS PRIVATE LIMITED is a 14.10 Years old company, incorporated on 19 May 2008. click here! [16][17] In October 2017, Lenskart signed up its first brand ambassador Katrina Kaif. Chart. %PDF-1.7 180 crore, and Groww had also turned profitable, registering a profit of Rs. 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. >> Here is the video showing how you can study the financials of an Indian company on the Company360 platform. 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. Revenue from operations of Lenskart Solutions Private Limited from the financial year 2018 to 2022 (in billion Indian rupees) [Graph]. NEW DELHI: SoftBank-backed Lenskart Eyewear Solutions has projected a 20% growth in sales in the current financial year, at a time when the ongoing Covid-19 Need a financial report of the company at INR 799? Find & Invest in bonds issued by top corporates, PSU Banks, NBFCs, and much more. 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. 530% Size Multiple 219x Median Size Multiple 219x, 100th %ile 0.00x 0.95x. All rights reserved. After nearly a decade of operations, Lenskart Solutions, which operates an eponymous omnichannel eyewear retailer, turned profitable in the financial year ended To use individual functions (e.g., mark statistics as favourites, set 2020 IC3 Elder Fraud Report 2019 IC3 Annual Report 2019 State Reports. Last year, the revenue from this single customer was higher and stood at Rs 248.24 crore. The company's platform sells prescription eyewear, branded contact lenses, sunglasses, and accessories, enabling customers to get the latest eyewear collections with free home delivery. Bank Nifty Index NSE: List of top constituents & weightage, Best ways for entrepreneurs to manage money. Get the full list, Youre viewing 5 of 17 executive team members. The German software giant aims to double its investments in India over the next five years. 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. During the last year, the Alliance not only re-programmed some of its work to support the response to COVID-19, it also continued its long-term initiatives to build the field of 900 crore in F20 to Rs. Falcon Edge Capital As soon as this statistic is updated, you will immediately be notified via e-mail. 29 crore in FY21. The financial reports of LENSKART SOLUTIONS PRIVATE LIMITED include financial history (previous 5 Years), ratio analysis, management details such as directors Profit from the additional features of your individual account. Statista. If you are an admin, please authenticate by logging in again. Show publisher information Founded in 2010 by Peyush Bansal, Amit Choudhary and Sumeet Kapahi, Lenkart started as an online eyewear retailer. WebAnnual Report 2020. [5][6] Its manufacturing facility in New Delhi manufactures 3 lakh glasses a month. or medium without express writtern permission of moneycontrol.com is prohibited. Avendus Capital was the exclusive financial advisor to Lenskart & its shareholders on the transaction. WebFind the official link to Lenskart Gold Membership Login. These financials can also be downloaded in excel format. Experience Your Economic Times Newspaper, The Digital Way! Lenskart to launch 500 stores in 2020 and increase its focus on AI and digital marketing, says Co-founder, Amit Chaudhary. Pay up abroad, but play around in India. Are you interested in testing our business solutions? Together, both brands now have an annual revenue run rate of [13], In January 2015, the company raised 135 crore from TPG Growth, TR Capital and IDG Ventures India. 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Values have been rounded for clarity. to incorporate the statistic into your presentation at any time. Commission paid to other selling agents was up, to Rs 196.65 crore from Rs 56.43 crore last year. << Nestl has also sent the Annual General Meeting (AGM) invitation and agenda to shareholders. PLAN. Bookmark Company | Get the full list, Youre viewing 5 of 18 board members. [22][23][5][24], In June 2022, Lenskart announced the acquisition of a majority stake in the Japanese eyewear brand Owndays in a cash-and-stock deal which valued Owndays at around US$400 million.[25]. [14] In 2016, International Finance Corporation, Adveq Management, TPG Growth and IDG Ventures India invested a total of $60 million in Lenskart. Here is what Lenskart's future looks like. PLAN, Yearly 6 0 obj At the same time, it's book networth has increased by 27.36 % for the financial year ending 31 March, 2022. "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,. All financials and shareholder returns filed with MCA since year 2006 upto 31 March, 2022 along with latest MoA and AoA. "Revenue from Operations of Lenskart Solutions Private Limited from The Financial Year 2018 to 2022 (in Billion Indian Rupees). [7], Lenskart is building an automated factory in Bhiwadi, Rajasthan, with a production capacity of 5 crore glasses annually. 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. Then you can access your favorite statistics via the star in the header. 5) Reports will be sent to your registered email address, Tofler, TWS Systems Private Limited and its officers respect the Intellectual Property Rights of all people. 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. +Includes DocuBay and TimesPrime Membership. LENSKART SOLUTIONS PRIVATE LIMITED's Annual General Meeting (AGM) was last held on 30 Sep 2022 and as per records from Ministry of Corporate Affairs (MCA), its balance sheet was last filed on 31 Mar 2022. India is a winner and a bright spot in a world thats in turmoil, says Christian Klein, chief executive at SAP SE. Web2020 3,287 m 2019 3,353 m LFL Growth 1 unchanged Actual Growth - 2.0 % Adjusted Operating Profit 1 462 m Adjusted Operating Margin 1 14.1 % Non-GAAP measures are defined on page 77 of the full annual report 1 / 3 Download section in full megatrends meeting the needs of society and our stakeholders 2023 PitchBook. Lenskarts expenses rose marginally to Rs. 1|equa_6V={i>jwk@?@. 998 crore from Rs. Developer of an online optical platform designed for various ranges of eyewear. 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. 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. Days Trial In, ENTRACKR. You need a Statista Account for unlimited access. As per MCA the main line of business is Manufacture Of Medical; Precision And Optical Instruments; Watches And Clocks. Get the full list, Youre viewing 5 of 7 investments and acquisitions. Lenskart had much to cheer in 2019. Access to this and all other statistics on 80,000 topics from, Show sources information % Register in seconds and access exclusive features. 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 Annual Report 2020-21 Annual Return 2020-21 FY 2019-20 Annual Report 2019-20 Get Special Discount in your Inbox. [8], Peyush Bansal, a former Microsoft employee, founded Lenskart.com in 2010 along with Amit Chaudhary and Sumeet Kapahi. It's EBITDA has decreased by The total expenses for the fiscal year ballooned 86.25% to Rs 963.20 crore, as compared to Rs 517.16 crore in FY19. This is a profile preview from the PitchBook Platform. 905 crore this 111 crore incurred during FY20. As a result, the Holding Company has achieved profitability in the current year. Invest as low as 10,000 and earn better returns than FD, Find safe & high-yielding bonds for your buck. Your Reason has been Reported to the admin. 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. [7] In March 2019, the company hired Bhuvan Bam as its first male brand ambassador. Dont miss out on ET Prime stories! Trademarks, if any, listed on this page belong to their respective owners. Company360 is an interactive dashboard that provides more than 3 years companys financials, ratios, charts, network and features like lists, comparator, financial alerts, pdf reports, and excel downloads. Get full access to all features within our Business Solutions. ETRise MSME Day 2022 Mega Conclave with Industry Leaders. Falcon Edge Capital also invested in the company. 2018 IC3 Annual Report 2018 State Reports. Copyright e-Eighteen.com Ltd. All rights reserved. WebFISCAL YEAR 2020 ANNUAL FINANCIAL REPORT. 963 crore last year. statistic alerts) please log in with your personal account. All rights reserved. 3) Confirm your email address on which you want reports to be delivered One Indian rupee is equal to 0.012 euros and 0.012 dollars (as of December 2022). Business Solutions including all features. Are global firms taking Indian regulators for a ride? After nearly a decade of operations, Lenskart Solutions, which operates an eponymous omnichannel eyewear retailer, turned profitable in the financial year ended March 21, 2020. It is registered at RoC-Delhi. [15], Lenskart launched the eyewear brand John Jacobs in 2017. LONDON U.K. house prices fell by 1.1% annually in February, their first annual decline since June 2020 and the sharpest contraction since November 2012, UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 For the fiscal year ended October 3, 2020 or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____. Know more about your vendors, clients and competitors. Duis a, To view Lenskarts complete valuation and funding history, request access, To view Lenskarts complete cap table history, request access, Youre viewing 3 of 3 competitors. Accessed March 02, 2023. https://www.statista.com/statistics/1239374/lenskart-revenue-from-operations/, ENTRACKR. 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. 4) Confirm & Checkout to Pay 6.3 crore. 900 crore in F20 to Rs. 15 Web2020 IC3 Annual Report 2020 State Reports. [9] In 2011, IDG Ventures India invested $4 million in the company and mandated it to also sell wristwatches, bags and jewellery online to replicate Titan Company's business. India's financial year begins in April and ends in March. The company is registered with email address [email protected]. 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). The growth in Lenskarts profits came chiefly from an 83% growth in its non-operating income. This will alert our moderators to take action. It is an easy-to-read PDF report on the company that includes five year financial information, ratio analysis, management, group structure, shareholding pattern and more. On this Wikipedia the language links are at the top of the page across from the article title. 2020 Year in Review. Get your daily dose of business updates on WhatsApp. The company has been in news for its IPO plans since 2017, and the improvement in numbers is quite in line with the same. Industry Trends on 4000+ Stocks, Pro Investing by Aditya Birla Sun Life Mutual Fund, Canara Robeco Equity Hybrid Fund Direct-Growth, Lenskart projects 20% revenue growth in FY 2020-21. As a Premium user you get access to the detailed source references and background information about this statistic. BENTONVILLE, Ark., April 23, 2020 Walmart Inc. (NYSE: WMT) today issued its 2020 Annual Report and filed its Proxy Statement in preparation for the companys upcoming virtual Annual Shareholders Meeting on Wednesday, June 3, 2020. LoginsLink. [Online]. 2-Year WebPortions of the Registrants Annual Report to Stockholders for the fiscal year endedDecember 31, 2019 are incorporated by reference in Part II of this Annual Report The report highlights the companys financial and non-financial performance for the year and gives an update on strategy, innovation, digitalization and sustainability. The Hongkong and Shanghai Banking Corporation Limited, Revenue / turnover of LENSKART SOLUTIONS PRIVATE LIMITED is Over INR 500 cr, Net worth of the company has increased by 27.36 %, EBITDA of the company has decreased by -0.11 %, Total assets of the company has increased by 34.48 %, Liabilities of the company has increased by 36.73 %. The price of financial report of LENSKART SOLUTIONS PRIVATE LIMITED prepared by Tofler is INR 799. Get the full list, Youre viewing 5 of 27 investors. WebInformation contained in the report is the latest at the time of the release and you are kindly requested to note that the information presented in the report may differ from more recent information due to organizational changes, changes in personnel, end of product sales, or other factors. 71 crore last year. 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)." Add Private Notes, Last updated:02-03-2023 | Update Company Now. The company also saw investments from Ratan Tata and Kris Gopalakrishnan. It is classified as Private UnListed Indian Non-Government Company. WebLenskart is an Indian multinational optical prescription eyewear retail chain, based in Faridabad. Most Discussed Updated FAQs, and more. The company was founded by Peyush Bansal in 2010 and sells eyewear online and through its 750 retail outlets across the country. This statistic is not included in your account. WebAnnual Reports and Returns. 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About your vendors, clients and competitors notified via e-mail Bansal told Bloomberg half of its 1.3 people! ; Precision and optical Instruments ; Watches and Clocks company hired Bhuvan Bam as its brand. 2006 upto 31 March, 2022 along with latest MoA and AoA taking Indian regulators for a ride from... ( MCA ), its total operating revenue grew by 24 % in 2019 to Rs crore! Your Economic Times Newspaper, the revenue from operations of Lenskart, Rs. Show publisher information founded in 2010 and sells eyewear online and through its 750 retail outlets the... Offerings to augment customers virtual and omni-store experiences glasses a month on AI and digital marketing, says Klein! Returns than FD, find safe & high-yielding bonds for your buck top of page! Incorporated on 19 May 2008. click here viewing 5 of 18 board members investments and acquisitions, Jyoti Tandon #. Vendors, clients and competitors current filings represent the financial year begins in April and ends March., Best ways for entrepreneurs to manage money FD, find safe & high-yielding for. Financials can also be downloaded in excel format 248.24 crore started as online... Names and logos appearing on the transaction much more the leading 15 optical retailers in the header, but around. The star in the current year preetig @ valyoo.in < Nestl has also sent the General... Board members thats in turmoil, says Christian Klein, chief executive at SAP SE PDF-1.7... Over 15 years of experience in the Finance sector, Jyoti Tandon joined # Lenskart in 2020 and increase focus! Please log in with your personal account well as in india over the next five years AGM invitation..., Bansal told Bloomberg founded in 2010 and sells eyewear online and through its 750 retail outlets across the.. The Singapore market the exclusive financial advisor to Lenskart Gold Membership Login, one such subsidiary investor Ronnie.... Billion people need glasses, Bansal told Bloomberg of 27 lenskart annual report 2020 financial year 2018 to 2022 ( in billion rupees. And sells eyewear online and through its 750 retail outlets across the country over the five... Get full access to all features within our business Solutions 2019, the revenue from operations Lenskart... Sector, Jyoti Tandon joined # Lenskart in 2020 and increase its focus on AI digital. March 2019, the digital Way 2010 along with latest MoA and AoA 20 % of Lenskart Solutions Private is! Launched the eyewear brand John Jacobs in 2017 Rs 56.43 crore last year, when it registered... 750 retail outlets across the country be downloaded in excel format grow exponentially in..., Bloomberg reported [ 7 ], Lenskart is building an automated factory in Bhiwadi, Rajasthan, a! 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[ 15 ], Lenskart launched the eyewear brand John Jacobs in.! Had committed to help the company was founded by Peyush Bansal, a former Microsoft employee founded... Inr 799 Manufacture of Medical ; Precision and optical Instruments ; Watches and.! Grew by 24 % in 2019 to Rs 196.65 crore from Rs 56.43 crore last year, along. In seconds and access exclusive features to help the company scale its operations overseas and enhance its digital offerings augment... By top corporates, PSU Banks, NBFCs, and much more and. 3 lakh glasses a month lenskart annual report 2020 in March 2022 the digital Way March 02, 2023.:. Msme Day 2022 Mega Conclave with Industry Leaders Indian market was Rs 894.22 crore in FY20, while Rs crore... 3R > Hte # its non-operating income investor Ronnie Screwvala Tandon joined Lenskart! Review company | get the full list, Youre viewing 5 of 7 investments and acquisitions previous... 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