Author: Lenskart

Founded in 2010 as a pure-play e-commerce portal, Lenskart pivoted to omnichannel in 2014—a move initially criticized by VCs as "capital inefficient." The company spent the pandemic years (2020-2022) aggressively building the world's largest automated eyewear facility in Bhiwadi, Rajasthan, rather than just acquiring customers. The payoff arrived in FY25-26. After raising over $1.5B from SoftBank, KKR, and Temasek, Lenskart listed in October 2025 at a ~$8B valuation. The Q2 FY26 results are the first validation of that public pricing. The acquisition of Owndays (Japan) provided the blueprint for the current international profitability surge.