Homegrown Private equity fund ChrysCapital announced on Thursday that it would invest $100 million in the eyewear maker Lenskart via primary and secondary share purchases. 

With this, the total capital raised by Lenskart in the past year is now up to nearly $850 million. Using the funds, Lenskart plans to expand internationally across Asia and the Middle East. Currently, Lenskart has 20 million customers. 

Further, to expand its customer base, the company has embarked on vertical integration with a new manufacturing facility that will allow the brand to keep prices competitive, offer superior delivery times, and exceed customer expectations.

The valuation at which the investment would take place is undisclosed. According to the company’s last round of funding, it raised $500 million from Abu Dhabi Investment Authority (ADIA) for a 10% stake valuing it at nearly $ billion.

Lenskart also picked up a controlling stake in Japanese direct-to-consumer eyewear brand Owndays for $400 million in June 2022 to place itself as one of the largest omnichannel players in the category in Asia. Together with Owndays, the company now has a presence of around 2,000 stores across more than ten countries.