Business News

Lenskart raises Rs 200 crore from Wipro Founder Azim Premji’s investment office

In May, the company had raised Rs 400 crore in its Series D round of funding, which was led by the World Bank’s International Finance Corporation.

Online retailer Lenskart Solutions Pvt Ltd has raised Rs 200 crore from Premji Invest, the investment office of Wipro Founder Azim Premji, The Economic Times reported on Wednesday. The fresh round of funding comes just four months after the company raised Rs 400 crore in its Series D round of funding led by the World Bank's International Finance Corporation, according to Mint.

Lenskart chief executive and founder Peyush Bansal said that the retailer will use the investment to “grow strategically” and improve its presence “via both online and offline channels”. He added that the company will use its partnership with Premji Invest to gain “extensive experience, particularly in retail and creating long lasting brands to realise its potential and develop best practices”. The funding is Premji’s newest investment in the retail sector, with the office having earlier financed companies like Fabindia, Myntra and Future Lifestyle, according to The Financial Express.

The company, which claims to have had a 200% year-on-year growth rate in the last two years, employs more than 900 people and is present in over 100 stores across 66 cities in India. It deals in the manufacturing, supply and wholesale distribution of eyewear products like spectacles, power sunglasses and contact lenses. Companies and individuals like IDG Ventures, Ratan Tata and Infosys co-founder S Gopalakrishnan have invested in the company as well, according to Express.

We welcome your comments at letters@scroll.in.
Sponsored Content BY 

Children's Day is not for children alone

It’s also a time for adults to revisit their childhood.

Most adults look at childhood wistfully, as a time when the biggest worry was a scraped knee, every adult was a source of chocolate and every fight lasted only till the next playtime. Since time immemorial, children seem to have nailed the art of being joyful, and adults can learn a thing or two about stress-free living from them. Now it’s that time of the year again when children are celebrated for...simply being children, and let it serve as a timely reminder for adults to board that imaginary time machine and revisit their childhood. If you’re unable to unbuckle yourself from your adult seat, here is some inspiration.

Start small, by doodling at the back page of your to-do diary as a throwback to that ancient school tradition. If you’re more confident, you could even start your own comic strip featuring people in your lives. You can caricaturise them or attribute them animal personalities for the sake of humour. Stuck in a boring meeting? Draw your boss with mouse ears or your coffee with radioactive powers. Just make sure you give your colleagues aliases.

Pull a prank, those not resulting in revenue losses of course. Prank calls, creeping up behind someone…pull them out from your memory and watch as everyone has a good laugh. Dress up a little quirky for work. It’s time you tried those colourful ties, or tastefully mismatched socks. Dress as your favourite cartoon characters someday – it’s as easy as choosing a ponytail-style, drawing a scar on your forehead or converting a bath towel into a cape. Even dinner can be full of childish fun. No, you don’t have to eat spinach if you don’t like it. Use the available cutlery and bust out your favourite tunes. Spoons and forks are good enough for any beat and for the rest, count on your voice to belt out any pitch. Better yet, stream the classic cartoons of your childhood instead of binge watching drama or news; they seem even funnier as an adult. If you prefer reading before bedtime, do a reread of your favourite childhood book(s). You’ll be surprised by their timeless wisdom.

A regular day has scope for childhood indulgences in every nook and cranny. While walking down a lane, challenge your friend to a non-stop game of hopscotch till the end of the tiled footpath. If you’re of a petite frame, insist on a ride in the trolley as you about picking items in the supermarket. Challenge your fellow gym goers and trainers to a hula hoop routine, and beat ‘em to it!

Children have an incredible ability to be completely immersed in the moment during play, and acting like one benefits adults too. Just count the moments of precious laughter you will have added to your day in the process. So, take time to indulge yourself and celebrate life with child-like abandon, as the video below shows.

Play

This article was produced by the Scroll marketing team on behalf of SBI Life and not by the Scroll editorial team.