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Lenskart to set up 500 stores to ramp up offline presence

Industry Retailing

Lenskart, eyeglasses e-tailer, is planning to add 500 brick-and-mortar stores through franchise model across the country within next six months. Out of this, 100 will be exclusive stores and the rest will be shop-in-shops. In January, Lenskart has raised Rs. 135 crore in series C round of funding from a consortium of investors led by TPG Growth.  The company will fund its expansion plans from the money it had raised earlier this year. 
Extracted from ET, Mar 16,’15

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