<ul><li> Peyush Bansal-led eyewear brand <keyword id="1518229" type="General" weightage="20" keywordseo="lenskart" source="Orion">Lenskart</keyword> has raised ₹760 crore.</li><li>The round was raised from Alpha Wave Incubation, previously known as Falcon Edge.</li><li>The development comes nearly a year after the company raised $95 million.</li></ul>Peyush Bansal-led eyewear brand Lenskart has raised ₹760 crore ($100 million) in a latest funding round, the company’s regulatory filings have revealed. The round was raised from Alpha Wave Incubation, previously known as Falcon Edge. As per the latest regulatory filings accessed by Business Insider, Lenskart has passed a special resolution to approve 36,41,646 Series I for Alpha Wave Venture to raise ₹760 crore. The issue price of each equity share is set at ₹2,087.52. The development was first reported by Entrackr. The publication, based on their calculations, also revealed that Lenksart was valued at $4.3 billion post this round. The development comes nearly a year after the company raised $95 million in a round led by KKR last May, reportedly at a valuation of $2.5 billion. Existing investors TPG Growth and TR Capital had sold a part of their shareholdings in this round. Lenskart planned on using this capital to expand its presence both domestically and internationally. “In the next five years, we aspire to have 50% of India wearing our specs. Today’s announcement is a milestone and a step towards that goal,” Bansal had said while announcing the round. Founded in 2010, Lenskart is an omnichannel retailer and manufacturer of eyewear in India. The company also offers home eye check-up, 3D try-on and home trial for its customers to offer an end-to-end experience. The company claims to serve over 7 million customers annually through its omnichannel network. It has close to 1000 store fronts in over 175 locations. The company has raised over $900 million, according to Business Intelligence platform Crunchbase. Its investors include Temasek Holdings, SoftBank Vision Fund, Bay Capital, Chiratae Ventures and others. SEE ALSO <a class="tout-title-link" href="https://www.businessinsider.in/business/startups/news/facebook-backed-meesho-lays-off-150-employees-in-india/articleshow/90791826.cms" style="">Facebook-backed Meesho lays off 150 employees in restructuring of grocery business</a> <a href="https://www.businessinsider.in/stock-market/news/tcs-wipro-maruti-suzuki-jsw-steel-among-hot-stocks-to-watch-out-for-on-april-12/slidelist/90790324.cms" style="">TCS, Wipro, Maruti Suzuki, JSW Steel among hot stocks to watch out for on April 12</a> <a href="https://www.businessinsider.in/politics/india/news/india-likely-to-miss-2022-solar-target-by-27-says-report/articleshow/90790889.cms" style="">India likely to miss 2022 solar target by 27%, says report</a>

Peyush Bansal’s Lenskart may now be valued at over $4 billion

Indian e-cycle startup <keyword id="15984550" type="General" weightage="80" keywordseo="gear-head-motors" source="Orion">Gear Head Motors</keyword> has secured investment from Aman Gupta, the founder of Boat, and Piyush Bansal of Lenskart on Shark Tank India. This is a major endorsement for GearHead, which has quickly become a major player in the transportation industry with its innovative and sustainable approach to electric vehicles. Founded in 2020 by <keyword id="15984552" type="General" weightage="50" keywordseo="nikhil-gunda" source="Orion">Nikhil Gunda</keyword> and Meher Sai, Gear Head Motors has made a name for itself by designing over 70% of its components in-house and assembling electric cycles tailoring to the specific needs of Indian commuters. GearHead Motors has launched four e-bike models - L. I. F. E - to solve urban commuting problems on the go. With research dating back to as early as 2015, <keyword id="2300" type="General" weightage="80" keywordseo="nikhil" source="Orion">Nikhil</keyword> and Meher, the co-founders of Gear Head Motors, have a deep understanding of the electric vehicle market and a commitment to testing and evaluating their products in real-world conditions. Their dedication to innovation and sustainability has helped Gear Head Motors grow from a small startup with an initial investment as low as Rs. 16,000 to a 35 crore-worth company in just four years. Since its inception, Gear Head Motors has delivered more than 8,000 tricycles and over 5,000 e-bikes. The company aims to bridge the gap between the global supply of electric vehicles and the needs of Indian customers and build an ecosystem that supports sustainable mobility in the future. Aman Gupta, who invested in Gear Head Motors through Shark Tank India, praised the company's founders for their dedication and expertise in the industry. Our sources revealed Aman's insight on GHMEV, "I am really impressed with the design of the e-cycle and happy to be investing in GearHead Motors. The founders have a clear market insight and I am excited to see what they can accomplish with the support." <keyword id="824423" type="General" weightage="50" keywordseo="peyush-bansal" source="Orion">Peyush Bansal</keyword>, also an investor in Gear Head Motors, added: "With Nikhil and Meher's experience and expertise in the Electric Vehicle sector, I am confident that they will be able to steer the industry with their 10X business idea and their 10X entrepreneurial journey. I am glad to be a part of GHMEV. Let's together grow the business. Speaking of the investments, "We are thrilled to have the support of Aman and Peyush as we continue to grow and innovate in the EV space," said Nikhil Gunda, co-founder of Gear Head Motors. "With this funding, we will be able to expand our operations and bring even more electric bikes to the market, helping to support sustainable mobility in India." According to Nikhil and Meher, the key to success in the electric vehicle industry is more than just technology. "EV is not just about Lithium Ion batteries," they said. "EV is an infrastructure, that is building trust and acceptance in the communities." Previously, Gear Head Motors raised 6 crores in a pre-seed funding round led by Hemin Shah and <keyword id="15984551" type="General" weightage="50" keywordseo="sudhakar-moparthy" source="Orion">Sudhakar Moparthy</keyword>. The company focuses on expanding the startup's operations in India and other Asian countries. As the demand for electric vehicles continues to grow in India and around the world, Gear Head Motors is poised to play a major role in shaping the future of transportation. With its strong foundation and ambitious plans for the future, Gear Head Motors is well on its way to becoming a leader in the e-cycle industry. The company's success on Shark Tank India is a testament to its potential for future growth. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/shark-tank-s2-girgit-that-sells-colour-changing-clothes-shoes-and-more-raises-funds/slidelist/96767200.cms">Shark Tank S2: Girgit that sells colour changing clothes, shoes and more raises funds</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/gautam-adani-will-be-in-the-hot-seat-on-rajat-sharmas-show-aap-ki-adalat-on-saturday/articleshow/96785740.cms">Gautam Adani will be in the hot seat on Rajat Sharma's show 'Aap Ki Adalat' on Saturday</a>

Shark Tank India: Gear Head Motor rides high, secures funding from Aman Gupta and Peyush Bansal

<img class="gwt-Image" src="/photo/47526708.cms" /> The rapid <keyword id="149967" type="UNKNOWN" weightage="20" keywordseo="internet-penetration">Internet penetration</keyword> has helped <keyword id="1426346" type="UNKNOWN" weightage="20" keywordseo="Ecommerce-websites-in-India">eCommerce websites in India</keyword> to grow at a faster pace. Out of the many Indian e-tailers, Flipkart and Snapdeal are among the biggest advertisers in the country. And now these online shopping sites are aiming to grab a big bite of the expanding eCommerce advertisement pie by becoming the ad companies of sorts themselves. 
 
As revealed in an Economic Times report, digital marketplaces are developing capabilities to place ads in their own pages. They are also partnering with ad tech companies to create contextual ad content - all known as native advertising. 
 Founded in 2007, India’s largest eCommerce platform Flipkart was among the earliest to spot an opportunity. Recently, the country's most valuable online marketplace recently created an advertisements business segment overseen directly by cofounder and group chief executive <keyword id="225032" type="PERSON" weightage="20" keywordseo="Sachin-Bansal">Sachin Bansal</keyword>, as per the business daily. 
 
According to the ET report, in the of ecommerce world, native ads are strategically placed on websites to be topically relevant to the content alongside, making them more effective than traditional banner or pop-up ads. And for online marketplaces, such advertisements promise an additional flow of revenue from the hundreds of thousands of merchants selling wares on their websites and mobile apps. 
 Piyush Shah, chief product officer at InMobi, a mobile advertising network that competes with <keyword id="6355629" type="CITY" weightage="20" keywordseo="Google">Google</keyword> and <keyword id="6354576" type="CITY" weightage="20" keywordseo="Facebook">Facebook</keyword>, said, "A lot of the ecommerce companies want native ads today. Native is a big focus area for us as it gives better conversion rates and better quality of users." Currently, InMobi is working with more than 40 companies, and the list includes Flipkart, Paytm and <keyword id="6360657" type="COMPANY" weightage="20" keywordseo="OLX">OLX</keyword>. 
 
Neha Dharia, analyst at Ovum Research, told the business daily, "As the bulk of Indian population moves to mobile devices, new formats of ads like native are beginning to surface, as banners and pop-ups are no longer suitable. (And) as digital media consumption evolves, so will ad platforms. Native ads are a result of the evolution." 
(Image: blogspot)

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Peyush Bansal’s Lenskart may now be valued at over $4 billion

Kritti Bhalla

Shark Tank India: Gear Head Motor rides high, secures funding from Aman Gupta and Peyush Bansal

ANI

Flipkart, Snapdeal eyeing big slices of the expanding eCommerce ad pie

BI India Bureau

You Searched For "piyush bansal" and got 3 results

Peyush Bansal’s Lenskart may now be valued at over $4 billion

Kritti Bhalla

Shark Tank India: Gear Head Motor rides high, secures funding from Aman Gupta and Peyush Bansal

ANI

​Flipkart, Snapdeal eyeing big slices of the expanding eCommerce ad pie

BI India Bureau

Flipkart, Snapdeal eyeing big slices of the expanding eCommerce ad pie