LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » Companies News

Lenskart plans to invest $5 million in 3 years

Lenskart will invest $5 million over the next three years and aims to manufacture 3 lakh frames a month

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Lenskart plans to invest $5 million in 3 years
Lenskart expects Rs 400-crore turnover from eye glasses in the current fiscal year. Image source: dnaindia.com
Written By: PTI
Updated: Sun, Mar 11, 2018
02:36 pm
PTI
RELATED NEWS
Merchandise sellers, startups gear up to tap love in the air Merchandise sellers, startups gear up to tap love in the air
This app may help you check power of your lenses This app may help you check power of your lenses
Lenskart to launch IPO in 3 yrs, eyes Rs 600 crore biz in 2017-18 Lenskart to launch IPO in 3 yrs, eyes Rs 600 crore biz in 2017-18
Will e-commerce companies' brick and mortar bet pay off? Will e-commerce companies' brick and mortar bet pay off?

Online eyewear firm Lenskart plans to invest USD 5 million in the next 3 years at its manufacturing facility for spectacles frames. The company recently started the facility near Gurugram in Haryana that has a manufacturing capacity of 1 lakh frames a month with an investment of USD 1 million. It is looking at ramping it up to 3 lakh frames in 3 years.

"We have set up with facility to be able to innovate on design and manufacture high-quality spectacle frames at lower costs. We will invest USD 5 million over the next three years and will be able to manufacture 3 lakh frames a month" Lenskart founder and CEO Peyush Bansal told PTI. Currently, this facility will only meet half of our total frames demand. Rest we will manage through contract manufacturing, he added.

"Over the period, we expect cost of these high quality frames to come down by 30 per cent," he said. Bansal said spectacles account for 80 per cent of its total turnover and the company sells over 2 lakh eye glasses a month at present. The company expects Rs 400 crore turnover from eye glasses in the current fiscal year. 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Lenskart
RELATED NEWS
Merchandise sellers, startups gear up to tap love in the air Merchandise sellers, startups gear up to tap love in the air
This app may help you check power of your lenses This app may help you check power of your lenses
Lenskart to launch IPO in 3 yrs, eyes Rs 600 crore biz in 2017-18 Lenskart to launch IPO in 3 yrs, eyes Rs 600 crore biz in 2017-18
Will e-commerce companies' brick and mortar bet pay off? Will e-commerce companies' brick and mortar bet pay off?
Mergers and acquisitions take centre-stage as funding for start-ups dries up Mergers and acquisitions take centre-stage as funding for start-ups dries up

LATEST NEWS

Heranba Industries IPO Subscription: Al the details highlighted for Investors

Spider-Man 3 name revealed! See here title, cast, release date and other details

Rajasthan RVUNL Recruitment 2021: Notification issued for vacancies in various posts! Check details here

Central government employees, pensioners? How this FM Nirmala Sitharaman latest news today may impact you | EXPLAINED

Mid-cap Picks with Anil Singhvi: Want big gains? 3 stocks to buy - Anant Raj Industries, Shanti Gears and ITD Cementation

RailTel IPO Listing today: Great expectations from share price on debut

Mid-cap Picks with Anil Singhvi: Hemang Jani picks Canfin Homes, Granules India and AU Small Finance Bank for good returns

SSC Delhi Police SI Paper 1 2021 result to be announced today on ssc.nic.in —Here is how you can check it

Robinhood added 6 million crypto users in last two months

Axis Bank share price: IRDAI Approves Stake Acquisition in Max Life Insurance, Morgan Stanley maintains overweight rating with price target of Rs 1000

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved