D2C eyewear unicorn Lenskart’s early backers including Premji Invest, Kedaara Capital, TR Capital, and SoftBank, plan to exit the startup in part through its $400 million funding round.
According to sources cited in the Mint report, the above investors intend to sell a portion of their Lenskart stakes to Abu Dhabi Investment Authority (ADIA), which is participating in Lenskart’s $400 million round. The $400 million funding round will include approximately $100 million in primary funding. Lenskart’s valuation will be reduced to around $3.7 billion following the round.
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D2C eyewear unicorn Lenskart’s early backers including Premji Invest, Kedaara Capital, TR Capital, and SoftBank, plan to exit the startup in part through its $400 million funding round.
According to sources cited in the Mint report, the above investors intend to sell a portion of their Lenskart stakes to Abu Dhabi Investment Authority (ADIA), which is participating in Lenskart’s $400 million round. The $400 million funding round will include approximately $100 million in primary funding. Lenskart’s valuation will be reduced to around $3.7 billion following the round.
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.
