Lenskart Raises INR 90 Cr from Radhakishan Damani; Eyes November Listing

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SUMMARY

The investment comes about a week after it was reported that the company was close to raising INR 250-300 Cr in its pre-IPO round from Damani and SBI Mutual Fund

Sources told Inc42 that the company is also looking to cut its IPO valuation to $8 Bn from the erstwhile target of $9 Bn

Lenksart’s IPO is likely to comprise a fresh issue of shares worth INR 2,150 Cr and an offer for sale component of up to 13.2 Cr shares

IPO-bound LensKart has raised INR 90 Cr from DMart…



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Lenskart Raises INR 90 Cr from Radhakishan Damani; Eyes November Listing


SUMMARY

The investment comes about a week after it was reported that the company was close to raising INR 250-300 Cr in its pre-IPO round from Damani and SBI Mutual Fund

Sources told Inc42 that the company is also looking to cut its IPO valuation to $8 Bn from the erstwhile target of $9 Bn

Lenksart’s IPO is likely to comprise a fresh issue of shares worth INR 2,150 Cr and an offer for sale component of up to 13.2 Cr shares

IPO-bound LensKart has raised INR 90 Cr from DMart…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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