Gurugram-based eyewear retail chain Lenskart plans to expand its operations in the UAE market by opening its first flagship store in Riyadh, Kingdom of Saudi Arabia.
Foraying into the Middle East market in 2021 with its first store opening in Dubai, UAE, Lenskart plan to invest around $50 million towards its expansion in the UAE market.
In 2021, Lenskart raised $220 million in a funding round led by Temasek & Falcon Edge Capital to expand its presence in India as well as to scale its operations in Southeast Asia and the Middle East.
Founded in the year 2010 by Peyush Bansal along with his two co-founders Amit Chaudhary and Sumeet Kapahi, Lenskart has over 1,100 stores across cities like Delhi, Bengaluru, Mumbai, Ahmedabad, Chennai, and other 1,100 cities across India.
Offering over 5,000 eyewear styles across its stores and online website, Lenskart is among the first companies in India to use robotic techniques in the eyewear sector.
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