Lenskart raises $200 million from Temasek and Fidelity
The Hindu
Lenskart secures $200 million from Temasek and Fidelity, valued at $5 billion, with $1 billion in total capital.
Indian eyewear retailer Lenskart has raised $200 million from Singapore state investment firm Temasek and Fidelity Management and Research Company, according to Avendus Capital, the financial advisor of the deal.
While Avendus did not mention additional financial details in its statement on Monday, news website TechCrunch said that the deal valued SoftBank-backed Lenskart at $5 billion.
Lenskart and Fidelity did not immediately respond to a Reuters request for comment on the financial terms of the transaction, while Temasek confirmed the news but declined to comment further.
The eyewear retailer — which also counts Abu Dhabi Investment Authority as one of its investors — operates across India, Southeast Asia, and the Middle East through its website and more than 2,500 stores.
Including the current deal, Lenskart has secured nearly $1 billion in capital over the past 18 months, Avendus said.
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