Clear Dekho secures a $5 million Series A round of funding. New investors Venture Catalysts and SphitiCap led the round, which also included Dholakia Ventures, NB Ventures, Estrela Ventures, Cornerstone, Boon Capital, FAAD Network, and others.
According to a company statement, ClearDekho has grown 18 folds in four years, with a 60 per cent year-on-year increase in revenue from FY 20-21 to FY 21-22. The brand has generated a total revenue of Rs 20+ crores ($2.5Mn) after opening 100+ stores in over 40+ cities. Furthermore, in the time it has been in business, it has sold over 4 lakh eyewear products and served over 2 lakh customers, establishing a strong customer base that attests to its quality, accessibility, and affordability.
Speaking on the round, Apoorva Ranjan Sharma, Co-Founder & CEO, Venture Catalysts Group said, “The impeccable growth record displayed by ClearDekho in a short period of just four years attracted Venture Catalysts from the start. To add to that, the novel solutions provided by the company, catering to the masses and enabling access to affordable eyewear was recognised by us as a cause to promote through our resources and network. We are delighted to join ClearDekho in bringing a wide range of eyewear products and services to customers across India.”
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