Lenscart founders Peyush Bansal and Neha Bansal, along with co-founders Amit Chaudhary and Sumeet Kapahi, invested $19.12 million in the company, after the eyewear retailer raised $200 million in a secondary round.

According to a Registrar of Companies filing, Lenskart's board passed a special resolution to raise Rs 160 crore, or $19.12 million, by issuing 6.95 lakh shares at an issue price of Rs 2,300 each.

CEO and Shark Tank India judge Peyush Bansal invested Rs 70.7 crore for 3.07 lakh subscription shares. Co-founder Neha Bansal invested Rs 70.39 crore in exchange for 3.06 shares of the company.

Co-founders Amit Chaudhary and Sumeet Kapahi paid Rs 9.60 crore for 41,755 shares and Rs 9.35 crore for 40,658 shares respectively.

Co-founders Amit Chaudhary and Sumeet Kapahi paid Rs 9.60 crore for 41,755 shares and Rs 9.35 crore for 40,658 shares respectively.

Prior to this, Lenscart had raised $100 million in funding from private equity firm CrisCapital in 2022.

The Gurugram-based company reported consolidated operating income of Rs 3,788 crore in FY23, up from Rs 1,502 crore a year ago. The loss for the same period was reduced from Rs 102 crore to Rs 64 crore. It logged EBITDA of Rs 404 crore in FY23 compared to Rs 1 crore in the previous fiscal.

Lenskart has more than 2,500 stores, 2,000 of which are in India. The company and the founders are on Lenscart's global ambitions, looking to expand to Singapore, Dubai, the US and Southeast Asia.