logo
logo

Lenskart raised $200 million in a secondary transaction led by Temasek and Fidelity, marking its valuation at $5.6 billion and supporting its expansion efforts.

Nov 06, 20248 months ago

Amount Raised

$200 Million

Bengaluru

Investors

FidelityTemasek

Description

Earlier this year, Lenskart raised $200 million in a secondary transaction. This round was led by Singapore's state-owned investment firm Temasek and Fidelity, marking a significant increase in the company's valuation.

Company Information

Company

Lenskart

Location

Bengaluru, Karnataka, India

About

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.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Related People