Sunday, March 03, 2024
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Lenskart

The beauty services startup aims to achieve 1 million bookings per month in the next five years

The Commerce and Industry Ministry has urged unicorn start-ups to provide at least 30 minutes of mentorship to budding start-ups

Tango AI technology analyses CCTV recordings of stores to give analytics, optimise customer flow as well and ensure proper adherence to all processes

The day was themed, ‘AI Powered India: Vision And Reality’

SVF India Holdings had sold 4.5 per cent in November 2022 and another 2.07 per cent in the first half of 2023

With this latest innovation, Lenskart aims to boost its online penetration and presence across India, particularly in areas where physical accessibility to stores is limited

This capital infusion follows Abu Dhabi Investment Authority's (ADIA) announcement to invest $500 million in Lenskart

Separately, the regulator has cleared the acquisition of securities of a newly incorporated entity of Mahindra & Mahindra Ltd by the World Bank Group arm IFC

The total ongoing funding round would increase to around $500 million if ChrysCapital participates and other early investors including SoftBank Vision, Kedaara Capital and TR Capital are clocking a partial exit

Start-up investments in India witnessed a significant decline in Q1 2023 compared to the same period in 2022 due to a rise in interest rates and inflation