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- Owndays
Owndays Acquisition, Valuation, Funding & Investors
Owndays was acquired by Lenskart for $784M in June 2022, a 3.8x multiple on $207M of revenue.
Owndays revenue at acquisition
$207M
Last twelve months · Jun 2022
Owndays revenue multiple at acquisition
3.8x
EV/Revenue · Jun 2022
Cumulative funding Owndays raised
$26M
across 1 funding round
About Owndays
Owndays is a Tokyo-headquartered eyewear retailer operating over 1,000 stores across Asia including Japan, Singapore, and Thailand. Founded in 1989, the brand produces glasses in-house at factories in Thailand and Japan, offering frames starting at ¥5,000 with free one-year warranties and eye exams. It expanded to Europe in 2023.
Founded
1989
HQ
Website
Status
Acquired
Customer focus
B2C
Revenue model
Product sales
Revenue
$132M (Nov 2018)
Valuation
$784M (acquired Jun 2022)
Owndays Acquisition
Owndays was acquired by Lenskart for $784M on 30 June 2022.
The acquisition price implies a 3.8x revenue multiple on $207M of revenue.
Before the acquisition Owndays had raised $26M across 1 funding round.
Lenskart Solutions, an Indian eyewear retailer, acquired a majority stake in Owndays, a Tokyo-based eyewear company founded in 1989 that designs and manufactures optical eyewear. Owndays operates over 350 stores across Asia including Japan, Singapore, Australia, India, and Hong Kong, selling over 2.5 million pairs of glasses annually. The deal, valuing Owndays at $400 million, involved Lenskart buying shares from investors L Catterton, Mitsui, and Principal Investments, while Owndays co-founders Shuji Tanaka and Take Umiyama retained shares and continued leading management. The transaction expands the combined entity's footprint to 13 Asian markets such as India, Singapore, Thailand, Taiwan, Philippines, Indonesia, Malaysia, and Japan. It positions Lenskart, backed by SoftBank and Premji Invest, as one of Asia's largest online eyewear retailers. At the time, Lenskart was raising funds at over $4.5 billion valuation. Owndays had previously received funding from L Catterton Asia and Mitsui in 2018 and was in talks with other PE firms for a sale.
| Acquirer | Date | Type | Price | EV/Revenue |
|---|---|---|---|---|
| 30 Jun 2022 | Strategic M&A | $784M | 3.8x |
Sources: vccircle.com
Owndays Revenue
Owndays' latest recorded revenue is $132M, as of its undisclosed-stage round in November 2018.
Owndays revenue by funding round
| Date | Revenue * | Stage |
|---|---|---|
| Nov 2018 | $132M | Undisclosed stage |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Owndays Funding History
Owndays has raised a total of $26M across 1 funding round.
Owndays funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Nov 2018 | Undisclosed stage | Mitsui & Co. Principal Investments; L Catterton | $26M | L Catterton Asia and Mitsui & Co., Principal Investments Ltd. agreed in November 2018 to take equity stakes in OWNDAYS, the Japanese eyewear retailer. OWNDAYS entered into an agreement with the two investors on a third-party allocation of new shares amounting to 3 billion yen, together with a partial transfer of shares held by the existing management team. It was the first investment by L Catterton Asia in a Japanese company. The management team led by president and chief executive Shuji Tanaka kept a substantial stake and continued to run the business. The company planned to use the capital and the investors' networks to grow beyond its 257 stores in 10 markets, including Japan, Singapore and Taiwan, with a stated target of more than 500 stores within five years. L Catterton Asia and Mitsui later sold their holdings to the Indian eyewear retailer Lenskart in 2022. |
Who has invested in Owndays?
2 investors have backed Owndays across its funding rounds, including L Catterton and Mitsui & Co. Principal Investments.
Owndays Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
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Start Free TrialOwndays Competitors
Owndays competitors include listed companies like Magalu, Jyothy Labs, Medplus Health Services and Cosmecca Korea, and private ones like Harmay and ipsy.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $400M | - | ||
| Publicly listed | $7.1B | $377M | $793M | 0.3x | ||
| Publicly listed | $313M | $53M | $772M | 2.2x | ||
| Publicly listed | $726M | $68M | $770M | 1.1x | ||
| Private | $150M | - | $800M | 5.3x | ||
| Publicly listed | $474M | $72M | $801M | 1.6x |
Owndays Public Comps
Owndays is no longer listed, but its public comps include Magalu, Jyothy Labs, Medplus Health Services, Cosmecca Korea, Carasso Motors, Ethos, SK Discovery Co, Sarantis Group, Festi and Galaxy Surfactants.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $7.1B | $377M | 0.3x | 0.3x | 5.4x | 3.9x | |||
| $313M | $53M | 2.2x | 2.2x | 13.0x | 17.8x | |||
| $726M | $68M | 1.2x | 1.1x | 13.0x | 15.3x | |||
| $474M | $72M | 2.0x | 1.6x | 13.3x | 10.0x | |||
| $2.6B | $468M | 1.3x | - | 7.1x | - | |||
| $171M | $22M | 4.3x | 3.7x | 33.8x | 28.0x | |||
| $7.5B | $660M | 1.0x | - | 10.8x | - | |||
| $672M | $101M | 1.3x | 1.3x | 8.8x | 8.4x | |||
This data is available for Pro users. Sign up to see all Owndays competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Owndays
| When was Owndays founded? | Owndays was founded in 1989. |
| Where is Owndays headquartered? | Owndays is headquartered in Tokyo, Japan. |
| Is Owndays publicly listed? | No, Owndays was acquired by Lenskart in June 2022. |
| Who acquired Owndays? | Owndays was acquired by Lenskart in June 2022. |
| How much was Owndays acquired for? | Owndays was acquired for $784M in June 2022, a 3.8x revenue multiple. |
| How much funding has Owndays raised? | Owndays has raised $26M across 1 funding round. |
| What was Owndays' last funding round? | Owndays' last funding round was a $26M undisclosed-stage round in November 2018. |
| Who are Owndays' investors? | Owndays' investors include Mitsui & Co. Principal Investments and L Catterton. |
| What is Owndays' revenue? | Owndays' latest recorded revenue is $132M (November 2018). |
| Which companies are comparable to Owndays? | Companies comparable to Owndays include Harmay, Magalu, Jyothy Labs, Medplus Health Services, ipsy and Cosmecca Korea. |
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