Lenskart Shareholders Breakdown & Funding Valuation – 2024

Lenskart Shareholders Breakdown & Funding Valuation

Lenskart is an e-commerce company in India that specializes in eyewear accessories. Founded in 2010, it is one of the most successful D2C brands in India. We have discussed its diverse sources of revenue in its business model which we discussed here. As per the latest reports, its valuation is $4.5 billion. Here, we will delve into Lenskart shareholders and the funding valuation of 2023.

Lenskart Shareholders Breakdown & Funding Valuation

Shareholders Breakdown

As of May 2023, Lenskart has undergone 10 funding rounds. In March 2023, Lenskart held its latest funding round worth $500 million. The largest shareholders of Lenskart include ADIA, SoftBank Vision, Kedaara Capital, TR Capita, Alpha Wave Global, Premji Invest, etc. Let’s look at the recent shareholding structure of Lenskart-

Shareholder’s NamePercentage of Shares Owned
Premji Invest11.1%
Kedaara Capital9.5%
TR Capital8.3%
Peyush Bansal8.2%
Neha Bansal8.2%
International Finance Corporation5.4%
Steadview Capital5.3%
ADIA (Abu Dhabi Investment Authority)10%
Lenskart’s shareholder’s breakdown

The majority of the stakes are owned by SoftBank i.e. 20.1% followed by Premji Invest (11.1%) and ADIA (10%). But how much funds did they provide? You will get the info in the next section.

Fundings so far & Valuation

Lenskart signed a definitive agreement with ADIA for a 10% stake in the company. ADIA invested a massive amount in Lenskart through SWF i.e. Gulf Sovereign Wealth Fund. Did you know in the last 12 months, the company made a capital raise worth $750 million? Thus, Lenskart received one of the largest financings at its growth stage at a global level.

Let’s look at the latest funding rounds of Lenskart-

Venture CapitalistFunding Amount
ADIA (Abu Dhabi Investment Authority)Rs.4,100 crore
DSP Mutual FundRs.320 crore
Ravi Modi Family TrustRs.100 crore
Avendus Capital, Temasek HoldingsRs.220 crore
Alpha Wave Incubation, Epiq CapitalRs.760 crore
Alpha Wave Global, Temasek HoldingsRs.1,650 crore
SoftBank Vision FundRs.2,255 crore
Kohlberg Kravis RobertsRs.779 crore
Kedaara CapitalRs.451 crore
Lenskart shareholders and fundings

Thus, currently, the market valuation of Lenskart is Rs.36,742 crore ($4.5 billion).

Is Lenskart profitable?

The query on profitability is obvious for a company with such a humongous valuation. Don’t you wonder whether it is profitable or not despite being valued at $4.5 billion?

You will get to know it by looking at the data in the following tables-

Lenskart’s FinancialsAmount (in crores)
Market Valuation$4.5 billion (Rs.36,742 crores)
Revenue EarnedRs.1,503 crore
ExpensesRs.1,726 crore
Profit/LossLoss of Rs.102 crore
Lenskart’s financials

So, here is your answer- “Lenskart was not profitable in FY22 because it dipped in the loss of Rs.102 crore.” Even though it earned an appreciable amount of revenue from its numerous revenue sources. But the cash outflow in various expenses was high as well. Means, the amount spent exceeded the amount of revenue earned. Eventually, it faced a considerable amount of loss.  

Revenue earned

Lenskart earned revenue from the following sources-

Revenue SourcesAmount Earned
Sale of ProductsRs.1,418 crore
Subscription FeesRs.49 crore
Other Operating RevenueRs.36 crore
Revenue Sources of Lenskart


Now look at the following expenses that led to the losses for the company “Lenskart.”

Cost of MaterialsRs.635 crore
Marketing & Promotion ExpensesRs.235 crore
Commission paid to other selling agentsRs.305 crore
Employee benefits expenseRs.245 crore
IT and Communications expenseRs.39 crore
Telephone PostageRs.42 crore
Other expensesRs.225 crore
Lenskart’s expenses

Final Thoughts

With a significant amount of funding, Lenskart is planning to expand its operations. And scale up its presence in the international market. Especially in Asia and the Middle East. Currently, Lenskart has more than 2000 stores worldwide. Out of which 1,500 are in India and the remaining in Southeast Asia and the Middle East. Also, it claims to become profitable in the current fiscal year.

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Published By: Supti Nandi
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