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Lenskart in advanced talks for a $200 million investment at a $5 billion valuation by Temasek and Fidelity

Lenskart in advanced talks for a $200 million investment at a $5 billion valuation by Temasek and Fidelity

04/25/24, 12:45 AM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/IN.svgbengaluru
Money raised
$200 million
Investors
Fidelity, Temasek
Singapore’s Temasek and US’ Fidelity are in advanced discussions to invest around $200 million in Lenskart through a secondary share sale at a valuation of about $5 billion. This round would take the homegrown eyewear company’s valuation to over three times that of Warby Parker, a New York-based online retailer for spectacles and contact lens.

Company Info

Company
Lenskart
Location
bengaluru, karnataka, india
Additional Info
Launched in 2010, Lenskart is now valued at $2.5 billion, according to Bansal, who said the company will use a majority of the funding to expand into Southeast Asia and Middle East.

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