ChrysCapital, a private equity (PE) firm, is reportedly looking to invest around $100 million in the omnichannel eyewear brand Lenskart.
Discussions about funding are ongoing, and the investment is yet to come. If the deal goes through, it will be one of ChrysCapital’s largest funding deals in a new-age tech startup, joining the likes of Dream11, Xpressbees, and FirstCry in India, among others. Furthermore, if ChrysCapital writes a check, Lenskart’s total ongoing funding round would reach $500 Mn. In addition, early backers such as SoftBank, Kedaara Capital, and TR Capital, among others, would receive partial exits from the ongoing funding round.