ESIP Lenskart (IFC-37742)

  • India
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Apr 22, 2015
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Lenskart Solutions Private Limited
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
  • Agriculture and Forestry
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 25.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Aug 4, 2017

Disclosed by Bank Feb 19, 2016

Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.
Lenskart, based in Delhi, India, was established in 2008 and is currently engaged in the assembly, wholesale distribution and supply of affordable eyewear products, such as eyeglasses and contact lenses, primarily for prescriptive purposes. It is also setting up a facility for manufacturing of prescription lenses through fully automated machines. The proposed investment ("Project") consists of up to US$25 million in equity for a minority stake in Lenskart Solutions Private Limited ("Lenskart" or the "Company") in order to finance the expansion of the company's wholesale business for distribution and supply of eyewear products in India and the setting up of its prescription lens manufacturing facility ("Laboratory facility").The company is addressing the issues of accessibility, affordability and awareness of quality prescription eyewear by supplying prescription eyeglasses and contact lenses on a wholesale basis to several independent franchise partners who in turn make these products available for purchase online as well as at numerous offline locations such as stores and customers' homes. Customers can also get their eye tests done and get screened for any potential issues by the optometrists available at these offline locations. The company's partners also carry out eye test camps in rural as well as urban areas for creating awareness towards the need for vision correction.Lenskart has a vertically integrated business model with a robotic finishing and assembly facility in Okhla Industrial Estate, in New Delhi, India ("Assembly facility"). The lenses and frames are sourced from various suppliers and cut, finished and assembled at the Assembly facility based on the received orders. The main operations at the facility are receiving and storage of frames and lenses, picking (based on orders), machine cutting of lenses, fitting, assembly, packing and dispatch.The company, through a wholly owned subsidiary, also has recently leased another facility ("Laboratory facility") within the same industrial estate where the company has commissioned a fully automated lens manufacturing laboratory to reduce dependence on external suppliers for lenses. In addition to the lens manufacturing, other operations at the facility are receipt and storage of sunglasses and lenses, picking, packing and dispatch. The company is currently evaluating locations for a new facility ("proposed facility") where all the operations of current facilities will be shifted in the next 12 months.
Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.
COMPANY CONTACTS Peyush Bansal, Chief Executive Officer, LENSKART SOLUTIONS PRIVATE LIMITED, W-123, GREATER KAILASH, PART-2, NEW DELHI - 110048, Delhi, INDIA ACCOUNTABILITY MECHANISM OF IFC The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at You can learn more about the CAO and how to file a complaint at

How it works

How it works