Lenskart Lens Laboratory (manufacturing unit) in New Delhi. File
| Photo Credit: Kamal Narang
Indian eyewear retailer Lenskart has raised $200 million from Singapore state funding agency Temasek and Fidelity Management and Research Company, based on Avendus Capital, the monetary advisor of the deal.
While Avendus didn’t point out extra monetary particulars in its assertion on Monday, information web site TechCrunch stated that the deal valued SoftBank-backed Lenskart at $5 billion.
Lenskart and Fidelity didn’t instantly reply to a Reuters request for touch upon the monetary phrases of the transaction, whereas Temasek confirmed the information however declined to remark additional.
The eyewear retailer — which additionally counts Abu Dhabi Investment Authority as one in every of its traders — operates throughout India, Southeast Asia, and the Middle East by its web site and greater than 2,500 shops.
Including the present deal, Lenskart has secured practically $1 billion in capital over the previous 18 months, Avendus stated.
