Private Equity

PE Fund Investments

Eyewear brand Lenskart raises $39-M from Chiratae, DSP India Fund, Axis PE

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New Delhi-headquartered eyewear brand Lenskart is to raise over USD 39.4 million from existing investor Chiratae Ventures and new investors DSP India Fund and Axis PE (via Axis Growth Avenues AIF-I). While DSP India has invested about USD 15 million, Chiratae Ventures and Axis PE have put in USD 12.2 million each.

From the Venture Intelligence PE-VC Deal Database: Between Oct-11 and Apr-22, Lenskart had raised over USD 1,140 M from Chiratae Ventures, Unilazer Ventures, TR Capital, TPG Growth, Ratan Tata, Kris Gopalakrishnan, PremjiInvest, SoftBank Corp, Epiq Capital, Steadview Capital, Kedaara Capital, Alpha Wave Global, Bay Capital Investments, KKR, Avendus PE, Temasek, IFC, Others. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.) From the Venture Intelligence Private Company Financials Database: For FY22, Lenskart had reported an operating income of INR 1,503 Cr (compared to INR 905.31 Cr in FY21) and a Net Loss of about INR 108 Cr (versus a Net Profit of INR 33.38 Cr in FY21). (Subscribers to the database can login to view the detailed financials.)