Eyewear retailer Lenskart to launch Thrasio-style entity, raise $200-M from Falcon Edge

Lenskart Labs, the Thrasio-style entity to be launched by Bengaluru-based omni-channel eyewear retailer, is to raise USD 200 million in a funding round led by New York-based Falcon Edge Capital, with participation from other investors. The deal, expected to be one of the largest in the D2C space, will value the new entity at USD 1 billion. Lenskart Labs will focus on acquiring eyewear brands across European countries.