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Lenskart eyes SEA market expansion, likely to open up to 400 stores

Inc42 · 11m

Lenskart eyes SEA market expansion, likely to open up to 400 stores

Eyewear brand Lenskart plans to expand its presence in Southeast Asia by opening 300-400 stores in the region over the next two years. With around 70 stores already operating in Singapore, the company aims to enter Thailand and the Philippines. Lenskart acquired a majority stake in Japanese eyewear brand OWNDAYS last year in a deal worth approximately $400 million, as part of its strategy to become the largest eyewear brand in the Asian market. The company received $100 million funding from private equity firm ChrysCapital in June to support its expansion plans.

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Comments

KetanNothing....

Lenskart is actually a great business cum strategic planning group. They are acquiring huge market share in eyewear industry and is becoming a monopoly because of their services and customer centric operation. They provide high quality eyewear at a much affordable price, their product quality is best in market even if it comes from other acquired brand. The business of Lenskart is very informative and strategic that could help us become good business leaders in the upcoming era!! Much more to learn from Lenskart!!

1 month ago

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