The company forayed into the Kingdom of Saudi Arabia in December 2023 with its first store in Riyadh
New Delhi: Gurugram-based omnichannel eyewear retail chain Lenskart has opened its first store in Jeddah, Kingdom of Saudi Arabia, a social media post by a company official said.
The newly opened store is located at the Jeddah Park.
“Exciting news! Our fourth store in Saudi Arabia and first in Jeddah is now open in Jeddah Park, marking a significant milestone in our expansion journey in the Kingdom of Saudi Arabia. Your support drives us to bring you the best, so stay tuned for more openings! ,” said Mahmoud Elfeky, associate vice president retail, Lenskart in a LinkedIn post.
The eyewear retailer opened its first store in December 2023 at the View Mall, Riyadh followed by one at Salaam Mall, Alawali, Riyadh at the start of this month and one at the Luxurious Park Avenue Mall, Riyadh last week.
The newly opened store will be the first one outside Riyadh and the fourth in the Kingdom of Saudi Arabia.
Lenskart made its entry into the Middle East market in 2021, inaugurating its first store in Dubai, UAE. The company at that time committed to invest approximately $50 million to expand its footprint in the UAE, as stated in a company blog. In the same year, Lenskart secured $220 million in funding through a round led by Temasek and Falcon Edge Capital, with the aim of not only strengthening its presence in India but also scaling operations in Southeast Asia and the Middle East, as reported by IndiaRetailing.
Founded in 2010 by Peyush Bansal, a judge on the Indian television show Shark Tank, along with co-founders Amit Chaudhary and Sumeet Kapahi, Lenskart has grown significantly. With over 1,100 stores strategically located in major cities like Delhi, Bengaluru, Mumbai, Ahmedabad, and Chennai across India, the company’s online platform and retail outlets collectively offer a collection of more than 5,000 eyewear styles, according to information available on the company’s website.
Lenskart incorporates robotic techniques and embraces cutting-edge technologies. Lenskart’s inception in India was driven by a vision to provide value-for-money products without the involvement of intermediaries.
