Private Equity

Liquidity Events

Investors sell eyewear retailer Lenskart’s shares worth Rs.3,861-Cr after 6-mth lock-in

Inc42   Lenskart   Entrackr   Economic Times  

Following the expiration of the six-month IPO lock-in period, multiple investors have sold shares of Gurugram-headquartered eyewear retailer Lenskart in block deals totalling Rs.3861.1-Cr. The transaction involved the sale of at least 8.15 Cr shares at Rs.473.4 per share. Alpha Wave Ventures offloaded 3.72 Cr shares, while BirdsEye Holdings and TR Capital sold 1.67 Cr and 80.3 lakh shares, respectively.Founded in 2010 by Peyush Bansal, Amit Chaudhury, and Sumeet Kapahi, Lenskart operates as an omnichannel eyewear retailer with a network of 3,144 stores and a customer base of 2 Cr across India, Singapore, the UAE, and Japan. Following the lock-in expiry, approximately 104.7 Cr shares became eligible for trading.Lenskart reported a consolidated profit after tax of Rs.132.7-Cr for Q3 FY26, alongside operating revenue of Rs.2307.7-Cr.Chinese investor Tencent has offloaded a 1.05% stake in Gurugram-based PB Fintech , the parent company of PolicyBazaar, for INR 805.45-Cr through a block deal on the NSE. The sale was executed by Tencent Cloud Europe, which sold 48.4 lakh shares at Rs 1,664 per share.This transaction marks the full exit of the Tencent Cloud Europe entity from the company, following a previous partial stake sale conducted in March.Following this latest sale, Tencent retains its remaining interest in the company through its other entity, Macritchie Investments.For the quarter, PB Fintech reported a 37% year-on-year growth in operating revenue, reaching Rs 2,061-Cr, while net profit grew 54% to Rs 261-Cr. The company currently has a market capitalisation of INR 76,247-Cr (about $8-B).Gurugram-based Wingreens World, a consumer goods company, has acquired the Bengaluru-based staples and cold-pressed oils brand Safe H arvest in a share-swap transaction. This is the fifth buyout for Wingreens World, which was completed alongside a Series D funding round that raised over INR 120 Cr led by investor Ashish Kacholia with participation from Alchemy Fund.Founded in 2009 by Rangu Rao, Safe Harvest specializes in packaged cereals, grains, pulses, millets, flours, whole spices, cold-pressed oils, natural sugars, and honey. Wingreens World, established in 2011 by Anju and Arjun Srivastav, produces items including dips, sauces, spreads, and juices under brands such as Wingreens Farms and Raw Pressery.Wingreens World plans to leverage its expanded portfolio as it works toward a public listing within the next two years.

Between Oct 2011 and Oct 2025, Lenskart had attracted about USD 2 B from Chiratae Ventures, Unilazer Ventures, TPG Growth, TR Capital, Fidelity India, Temasek, Alpha Wave Global, Avendus, Epiq Capital and others.For FY25, Lenskart had reported about INR 4,039 Cr in Operating Income and about INR 188 Cr in PAT. China’s Tencent offloads 1.05% stake in PolicyBazaar for Rs.805-CrIn Nov 2019, PolicyBazaar had attracted about USD 150 M from Tencent. Other current investors in the company include Info Edge, Temasek, 360 ONE, Bay Capital Investments, White Oak Capital Management, Alpha Wave Global, SoftBank Corp, Chiratae Ventures, TrueNorth, PremjiInvest, Ribbit Capital, Steadview Capital, Tiger Global and others.For FY25, PolicyBazaar had reported about INR 153 Cr in Operating Income and about INR 13 Cr in PAT. Raw Pressery brand owner Wingreens World acquires cold-pressed oil brand Safe HarvestIn Aug 2013, Safe Harvest had attracted funding from Palaash Ventures.