Lenskart Secures $200 Million Investment from Temasek

Indian eyewear retailer Lenskart has recently garnered a significant investment of $200 million from notable financial entities, such as Singapore state investment firm Temasek and Fidelity Management and Research Company. Avendus Capital, serving as the financial advisor for the transaction, disclosed this development.

Financial Details by Lenskart:

While Avendus Capital did not disclose specific financial particulars in its statement, a report by TechCrunch suggested that the investment propelled the firm, which is backed by SoftBank, to a valuation of $5 billion.

Response from Parties Involved:

Neither Lenskart nor Fidelity immediately responded to Reuters’ request for comment regarding the deal’s financial terms. Temasek, however, confirmed the investment but refrained from providing further details.

Lenskart Operations and Investor Profile:

The firm, with a diversified investor portfolio that includes the Abu Dhabi Investment Authority, operates extensively across India, Southeast Asia, and the Middle East. The company boasts a robust online presence in addition to a network of over 2,500 physical stores.

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