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SoftBank-backed Lenskart raises $220 million as India s tech industry booms

India’s Lenskart, an online retailer for eyewear, raised $220 million from investors including Temasek Holdings Pte and Falcon Edge Capital, in another sign of booming interest in the country’s technology startups. Founded by Peyush Bansal in 2010, the company sells eyeglasses, contact lenses and sunglasses online and through about 750 retail outlets in the country. It plans to use the capital, along with $95 million raised earlier this year from KKR & Co., to expand online sales and add brick-and-mortar stores in India, as well as in Southeast Asia and the Middle East. “Every vertical from apparel to footwear, aside from eyewear, has been disrupted globally,” said Bansal, 37, on a video call announcing the funding. “We can easily spend two decades solving the problem of awareness, penetration and affordability in eyewear.”

zomato IPO: From Zomato IPO to Flipkart funding, India s tech moment arrives

Synopsis A record bout of fundraising and a slew of upcoming startup IPOs has shifted focus to Indian technology startups even as investors are spooked by China’s crackdown on its own tech companies. Reuters India’s population is expected to overtake China’s this decade and the mood now among investors could not be more different in the neighbouring nations. Bengaluru: Last week marked a watershed for technology startups in India, as a record bout of fundraising shifted attention to the world’s second-most populous market, just as investors were becoming spooked by a crackdown on internet companies in China.

From Zomato IPO to Flipkart funding, India s tech moment arrives

From Zomato IPO to Flipkart funding, India’s tech moment arrives SECTIONS Last Updated: Jul 19, 2021, 03:31 PM IST Share Synopsis A record bout of fundraising and a slew of upcoming initial public offerings (IPOs) has shifted focus to Indian tech startups even as investors were becoming spooked by China’s crackdown on its own tech companies. Reuters India’s population is expected to overtake China’s this decade and the mood now among investors could not be more different in the neighbouring nations. Bengaluru: Last week marked a watershed for technology startups in India, as a record bout of fundraising shifted attention to the world’s second-most populous market, just as investors were becoming spooked by a crackdown on internet companies in China.

Flush with Unicorns, India s tech moment arrives - The Hindu BusinessLine

Flush with Unicorns, India s tech moment arrives - The Hindu BusinessLine
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India may gain from Chinese aggression on tech companies

India may gain from Chinese aggression on tech companies
newsx.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newsx.com Daily Mail and Mail on Sunday newspapers.

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