Eyewear brand Lenskart is in discussions to raise between $350 million and $400 million from the sovereign wealth fund Abu Dhabi Investment Authority (ADIA) at a post-money valuation of $4.5 billion.
With this investment, ADIA will most likely own 10% of Lenskart. According to sources, the transaction will take the form of a secondary sale of stakes with a primary round involving growth equity. The news comes nearly a month after Inc42 reported that Lenskart had received $39.6 million in funding from Chiratae Ventures, DSP India Fund, and Axis Bank’s Axis Growth Avenues AIF-I.
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Eyewear brand Lenskart is in discussions to raise between $350 million and $400 million from the sovereign wealth fund Abu Dhabi Investment Authority (ADIA) at a post-money valuation of $4.5 billion.
With this investment, ADIA will most likely own 10% of Lenskart. According to sources, the transaction will take the form of a secondary sale of stakes with a primary round involving growth equity. The news comes nearly a month after Inc42 reported that Lenskart had received $39.6 million in funding from Chiratae Ventures, DSP India Fund, and Axis Bank’s Axis Growth Avenues AIF-I.
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.
