Private Equity Other Private Equity/Strategic Investments
Eyewear retailer Lenskart to raise Rs.300-Cr in pre-IPO round
Source Inc42 (opens in a new tab)
Gurugram-headquartered, IPO-bound Lenskart is to raise INR 250-300 crore in a pre-IPO round from DMart founder Radhakishan Damani and SBI Mutual Fund. In its Draft Red Herring Prospectus (DRHP), the company had stated that it planned to raise INR 430 crore through such placement. Founded in 2010, Lenskart is an omnichannel eyewear brand that serves customers across India, the UAE, Singapore, Spain, and Japan.
Company website ↗ (opens in a new tab)
Between Oct 2011 and Jun 2024, Lenskart had attracted funding of about $2 B from Chiratae Ventures, Unilazer Ventures, TPG Growth, TR Capital, Pratithi Investments, PremjiInvest, Epiq Capital, Steadview Capital, SoftBank Corp, Alpha Wave Global and others.