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Franchise 100 2019-02-21

After Revolutionizing the Eyewear Industry, Lenskart Enters the Top 100 Franchise List

The brand is eyeing to open 700 stores through franchising across Tier I and II cities by 2020 along increasing its existing count of stores to 500 by the end of current fiscal.

By Content Writer
After Revolutionizing the Eyewear Industry, Lenskart Enters the Top 100 Franchise List

Lenskart.com is India’s largest online optical store that sells eyeglasses, sunglasses and contact lenses to more than 1,000 cities in India and abroad.

A young and vibrant brand, Lenskart boasts of an infinite range of eyewear with a multitude of optical brands. There are thousands of glasses to choose from millions of satisfied customers across the nation.

The Story behind Lenskart

Founded in 2010, by an ex-Microsoft 'techie' with no money but truckloads of relentless passion to make a difference in this world, Lenskart is India's fastest growing eyewear business today.

1/3rd of our population needs glasses but doesn't have access to them, making us the blind capital of the world with over 15 million blind people.

With the cause in mind, Peyush Bansal founded “Lenskart.com”. Lenskart's aim is to help drop this number marginally in the coming years, which can be achieved by providing high-quality eyewear to millions of Indians at affordable prices, giving free eye checkups at home and by extending our services to the remote corners of India.

The journey from Online to Offline

Lenskart came into existence in 2010. Initially, it used to sell contact lenses only and a couple of months later, eyeglasses and sunglasses came into existence.

Offering the best quality products at affordable prices helped the brand grow more than 200% in the last few years. From servicing 30 customers per day to more than 3000 today, they are now among the top 3 optical businesses in India today.

Franchising an eyeing growth

With a rapidly growing business reaching out to over 1,00,000 customers a month via a unique combination of a strong online business, uniquely designed physical stores, as well as a first of its kind 'home eye check-up' service, Lenskart is revolutionizing the eyewear industry in India.

The brand is eyeing to open 700 stores through franchising across Tier I and II cities by 2020 along increasing its existing count of stores to 500 by the end of current fiscal.

Lenskart is also listed among the Top 100 franchise brands in India, making it one of the most desirable and profitable franchises currently. The increasing number of franchise recounts an inspiring story of secure business success in teaming up with the Lenskart.

Franchise Facts

Investment: 20-30 Lakhs

Area: 300-500 sq. feet

Expected ROI: 20%

Franchise 100

The Franchising World, India’s no.1 Franchising Magazine, identifies the TOP 100 Franchise Brands and celebrates their achievements every year in its anniversary issue. The issue highlights the established Indian and big global brands that are increasing their positioning in India along with the new-age brands that are lucrative and profitable, expanding fast, as a reference guide for budding entrepreneurs and investors across India.

Franchise Top 100 is the one-stop destination to know everything about the franchise industry, which establishes the authority, and strength to evaluate the growth of the franchise industry.

Wish to buy a franchise? Click here: 

https://www.franchiseindia.com/brands/Lenskart1.16842

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Dipesh Jindal : 21, Feb 2019 at 08:08 PM
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Naman Sahni : 28, Jul 2019 at 02:23 PM
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