India’s Lenskart , an online retailer for eyewear, raised $220 million from investors including Temasek Holdings Pte and Falcon Edge Capital, in another sign of booming interest in the country’s technology startups. “Every vertical from apparel to footwear, aside from eyewear, has been disrupted globally," said Bansal, 37, on a video call announcing the funding. The combined market opportunity is projected to be more than $15 billion by 2025, the startup said in an announcement on Monday. India’s tech industry is having a breakout year. “India is the blind capital of the world and about half of its 1.3 billion people need glasses," he said.

Source: Mint July 19, 2021 00:11 UTC