New Delhi: Singapore’s Temasek and US-based Fidelity have invested around USD 200 million in eyewear company Lenskart via a secondary share sale.
ET last month reported that the deal was in advanced discussions, valuing Lenskart at about USD 5 billion.
Temasek already owns a 5.5 per cent stake in the startup and reportedly led the new funding round. Fidelity has invested for the first time in the company.
Last year, the Piyush Bansal-led firm raised USD 600 million. Sovereign wealth fund Abu Dhabi Investment Authority (ADIA) invested USD 500 million in the company and PE fund ChrysCapital invested the remaining USD 100 million through a mix of primary and secondary shares.
Lenskart reported a revenue of Rs 3,788 crore in FY23. Its losses for the year stood at Rs 64 crore.
