Lenskart is the latest Indian starup to become profitable

Eyewear retailer Lenskart secured a staggering $600 million funding in 2023 from Abu Dhabi Investment Authority and ChrysCapital due to its exceptional financial performance. Revenue surged to Rs 3,788 crore in FY23, with a 2.5X growth, while losses decreased by 37%. Cost control strategies and diversified revenue streams contributed to its improved financial health.