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Private equity fund Chryscapital on Thursday announced a USD 100 million investment in eyewear company <keyword id="1518229" type="General" weightage="100" keywordseo="lenskart" source="Orion">Lenskart</keyword>. The investment at an undisclosed valuation is through a mix of primary and secondary share purchases, a statement said. It takes the overall investments or commitments by the PE fund into India to USD 850 million, the statement added. Lenskart, which has 20 million customers, is also expanding internationally across Asia and the Middle East, it said. The company is undergoing a "vertical integration" exercise with a new manufacturing facility that will help it keep prices competitive and aid in delivery time, it said. "Incidences of myopia are rapidly growing globally, especially in Asia, including India, with big unsolved problems of access, affordability, and awareness," Lenskart's founder and chief executive <keyword id="824423" type="General" weightage="50" keywordseo="peyush-bansal" source="Orion">Peyush Bansal</keyword> said. With the help of technology, customer centricity, and big investments in supply chain and talent, the company can help eradicate the problem of vision correction, he claimed. <keyword id="6526855" type="General" weightage="50" keywordseo="chryscapital-advisors" source="Orion">Chryscapital Advisors</keyword>' senior vice president <keyword id="168962" type="General" weightage="50" keywordseo="rajiv-batra" source="Orion">Rajiv Batra</keyword> said Lenskart has a strong execution-focused management team. "With the acquisition of Owndays, there is an opportunity for Lenskart to expand across 10+ Asian countries in addition to the already large Indian market," Batra added. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/careers/news/automotive-digital-marketplace-truecar-lays-off-24-of-workforce/articleshow/101013596.cms">Automotive digital marketplace TrueCar lays off 24% of workforce</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/entertainment/news/sonam-kapoor-plans-to-return-to-bollywood-with-2-yrf-films/articleshow/101014785.cms">Sonam Kapoor plans to return to Bollywood with 2 YRF films</a>

Chryscapital invests $100 million in Lenskart

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Chryscapital invests $100 million in Lenskart

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