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Lenskart to set up 500 physical stores to ramp up offline presence

Eyeglasses e-tailer Lenskart is planning to add 500 brick-and-mortar stores across the country within next six months as it looks to beef up its offline presence.  The company, which currently has 70 stores operating through franchisees in 29 cities, said the shops will “compliment” its online business. The company is also aggressively expanding its in-home eye check up business, which helped the City-based firm garner more than Rs 2.5 crore in revenue from the service. In January this year, Lenskart had raised Rs 135 crore in series C round of funding from a consortium of investors. Rapid expansion move of the company towards physical store presence across the country will lend sign makers a fresh business opportunity in in-shop designs, displays, branding and so on.

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