Lenskart operates a manufacturing facility in Bhiwadi, Rajasthan with an annual production capacity of 50 million units, enabling vertical integration and cost efficiency. In June 2022, Lenskart acquired a majority stake in Japanese eyewear brand Owndays, valued at approximately US$400 million, creating a combined entity with annual revenue of $650 million. The company leverages technology-driven operations to deliver affordable eyewear while expanding its geographic and brand footprint.
Cyborg Score Rationale
Lenskart reported trailing 12-month revenue of $938M as of December 31, 2025. Its market capitalization is $9.4B with strong scale across 2,800+ stores globally. The company maintains vertical integration, diversified revenue streams (eyewear, contact lenses, accessories), and significant capital backing, though recent operational challenges and franchise disputes warrant monitoring.
Top Insights
As of June 2025, Lenskart operates 2,806 stores globally, including over 2,100 in India, focusing on tier-2 and tier-3 cities, while employing approximately 15,000 people.
In March 2023, Abu Dhabi Investment Authority invested $500 million at a $4.5 billion valuation; in June 2023, ChrysCapital contributed $100 million; and in June 2024, Temasek and Fidelity provided $200 million in a secondary deal at $5 billion valuation.
In 2024, franchise owners accused Lenskart of unfair practices including opening competing COCO stores near franchisee outlets; some franchise owners filed an FIR in October 2024 alleging fraud, though Lenskart secured a stay order from Karnataka High Court in January 2025.
In June 2026, Lenskart acquired an additional 3% stake in Quantduo, making it a wholly-owned subsidiary.
Named Competitors
EyeMyEye — Online eyewear platform
Warby Parker — Direct-to-consumer eyewear brand
Coolwinks — Online eyewear retailer
SpecsMakers — Eyewear retail platform
Recent Developments
(June 2026) Acquired 3% additional stake in Quantduo, consolidating full subsidiary ownership
(April 2026) Workplace dress code policy drew social media backlash following a viral internal document; CEO Peyush Bansal clarified it did not reflect current company policy
(December 2025) Lenskart invested KRW 3 billion to acquire 29.24% stake in South Korean optical hardware firm iiNeer Corp
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