Lenskart Lens Laboratory (manufacturing facility) in New Delhi. File
| Photograph Credit score: Kamal Narang
Indian eyewear retailer Lenskart has raised $200 million from Singapore state funding agency Temasek and Constancy Administration and Analysis Firm, in response to Avendus Capital, the monetary advisor of the deal.
Whereas Avendus didn’t point out further monetary particulars in its assertion on Monday, information web site TechCrunch stated that the deal valued SoftBank-backed Lenskart at $5 billion.
Lenskart and Constancy 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 Funding Authority as certainly one of its buyers — operates throughout India, Southeast Asia, and the Center East by way of its web site and greater than 2,500 shops.
Together with the present deal, Lenskart has secured almost $1 billion in capital over the previous 18 months, Avendus stated.
