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Lenskart Subsidiary Neso Brands Raises $100 Million In Funding Led By Kkr, Others

May 16, 2022over 3 years ago

Amount Raised

$100 Million

Mumbai

Description

Mumbai: Neso Brands, a brand roll-up subsidiary of omnichannel eyewear retailer Lenskart, has raised more than $100 million in a seed funding round led by KKR, Softbank, Alpha Wave Global and Temasek. This makes Lenskart the latest entrant to the brands roll-up space in India.

Company Information

Company

Neso Brands

Location

Mumbai, Maharashtra, India

About

It will leverage synergies across the Lenskart Group to accelerate international expansion, the company said in a release. Based out of Singapore, Neso Brands said it will help the most promising direct-to-consumer (DTC) brands across the world to become brands of the future.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech