Top 5 lenskart.com Alternatives & Competitors (2024)

FAQs

Who is the biggest competitor of Lenskart? ›

The closest competitor to lenskart.com are titaneyeplus.com, eyemyeye.com and fastrackeyewear.com. To understand more about lenskart.com and its competitors, sign up for a free account to explore Semrush's Traffic Analytics and Market Explorer tools.

We want you to be happy with our product, and if anything is less than perfect we are happy to exchange your product completely. You can send it back to us up until 14 days post receiving the order. Absolutely no questions asked. Moreover, we offer a one year warranty on your glasses.

In the Care Products market in India, lenskart.com is ranked #7 with > US$75m in 2023. Therefore, lenskart.com accounts for 0.0% - 5.0% of eCommerce net sales in this category. The top stores are nykaa.com, jiomart.com and bigbasket.com.

Lenskart caters to digitally savvy customers who prefer online eyewear shopping, providing a seamless digital experience. Simultaneously, it reshapes the eyewear market with an omnichannel strategy and strengthens its position by offering exclusive branded products, promoting transparency, and boosting profitability.

A recent promo of an episode of the show featured an entrepreneur who came to raise equity for his eyewear brand Eyenic. While the sharks expressed joy on seeing a competitor for Bansal's brand, Emcure Pharma's Namita Thapar said that his eyewear products looked better than those available at Lenskart.

Lenskart announces Bhuvan Bam as its new brand ambassador, Marketing & Advertising News, ET BrandEquity.

Since 2010, Lenskart has been the top eyewear brand in India. One of the first eyeglasses companies to be started online was this one. There are several varieties and eyewear models available. A frame that fits your personality is available.

Co-founded by Peyush Bansal, a former Microsoft employee, Lenskart launched its own premium eyewear brand, John Jacobs, in 2017. It has since expanded operations to Southeast Asia and the Middle East. The SoftBank-backed company is one of the few internet companies that reported a profit in two of the last three years.

Last year, Lenskart raised a total of $600 million from investors such as Abu Dhabi Investment Authority (ADIA) and ChrysCapital, with a significant portion allocated to a secondary share sale. This sale allowed existing investors such as SoftBank and Chiratae Ventures to partially sell their stakes in the company.

Lenskart is an Indian multinational optical prescription eyewear retail chain, based in Gurgaon. As of March 2023, Lenskart has more than 2,000 retail stores, three-fourths of which are in India. Its manufacturing facility in New Delhi manufactures 3 lakh glasses a month.

Is Lenskart good or not? ›

Highly recommended. Good product, reasonable prices and very prompt delivery.

Our Problem Statement

At Lenskart, our vision is to bridge the vision gap India faces today, with more than 600M people needing vision correction.

Lenskart has raised over $1.6 billion to date and was last valued at $4.5 billion in its last fundraise of $100 million in June last year. According to the startup data intelligence platform TheKredible, Softbank is the largest external stakeholder followed by Premji Invest and Kedaara Capital.

Lenskart's Target Segment

Lenskart's primary engaged audience falls within the age brackets of 18-24 and 25-34. The 18-24 age group constitutes the largest consumer base, making up approximately 38.74% of the audience. Approximately 35.96% of their audience falls within the age group of 25-34.

Our in-house robotic lens manufacturing and assembly ensure 100% precision and top-quality control. Offering the best quality products at affordable prices has helped us grow more than 500% in the last 12 years, and we are the top optical business in India today.

Lenskart has 41 institutional investors including Unilazer Ventures, TPG and IFC. SoftBank Vision Fund is the largest institutional investor in Lenskart. Ratan N Tata and 9 others are Angel Investors in Lenskart.