Yes, Lenskart is very much still in business and continues to be a prominent global eyewear retailer. The company demonstrates robust operations and significant expansion.
Lenskart's Current Market Presence
Lenskart, headquartered in Delhi, India, has established a substantial presence in the global eyewear market. Its continued operation is underscored by its extensive retail footprint and strong financial indicators.
Here are some key facts highlighting Lenskart's current operational status and scale:
- Global Retail Network: Lenskart operates over 2,500 stores worldwide.
- Presence in India: A significant portion of its stores, approximately 2,000, are located within India.
- Market Valuation: The company has seen a notable increase in its valuation, reaching $5.6 billion, signaling strong investor confidence and growth potential. Lenskart is also recognized as a company potentially preparing for an Initial Public Offering (IPO).
Key Competitors
Lenskart operates in a competitive landscape, vying with several established players in both global and Indian markets. Its ability to thrive amidst such competition further confirms its strong position in the industry.
Some of Lenskart's notable competitors include:
- Titan Eyeplus
- Specsmakers
- Vision Express
- Warby Parker
- Luxottica Group
These details collectively affirm that Lenskart is not only operational but is also a dynamic and expanding entity in the eyewear retail sector.
