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Lenskart to build manufacturing plant in southern India
Indian eyewear retailer Lenskart has signed a memorandum of understanding with the Telangana government in southern India to open an eyewear manufacturing facility.
The investment is valued at 1,500 crore rupees (around US$176 million), according to Telangana’s IT Minister Sridhar Babu Duddilla.
The facility will be located in Fab City, a special economic zone originally designed for semiconductor manufacturing.
Founded in 2010, Lenskart operates over 2,000 stores in India and has expanded into international markets such as the United Arab Emirates, Singapore, and Japan.
Recent Lenskart developments
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20-Nov-2024 👓 Lenskart launches Japan’s Owndays eyewear in India
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19-Nov-2024 👓 Lenskart may see 20% valuation increase to $6b
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05-Nov-2024 👓 Lenskart hits $5b value after Fidelity, Temasek boost
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23-Oct-2024 👓 Lenskart hires ex-Oyo CFO as new financial chief
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01-Dec-2023 👓 Lenskart eyes expansion with 300-400 new stores in SEA
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