Lenskart pares losses by 84% in FY24, revenue grows 43% as opposed to being doubled a year ago

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Lenskart pares losses by 84% in FY24, revenue grows 43% as opposed to being doubled a year ago - YourStory

Quick Summary:

Lenskart saw its valuation marked up by 12% to $5.6 billion by Fidelity just months after the asset management firm joined the company’s captable.

Lenskart, which sells prescription glasses, sunglasses and other eyewear accessories along with services like memberships and home eye checkups, has been bullish on its global expansion.It received Rs 2271.6 crore in FY24 from its operation outside India.This number was Rs 1556.1 crore a year ago.

Between FY23 and FY22, the company had more than doubled its operating revenue with a 37% improvement in its bottom line.