PE Fund Investments
Lenskart unit Neso Brands raises $100-M from KKR, SoftBank, Alpha Wave, Temasek
Neso Brands, a Singapore-based “Thrasio-style†brand roll-up subsidiary of Delhi-based Unicorn eyewear retailer Lenskart, has raised more than USD 100 million in a “seed funding†round led by KKR, SoftBank, Alpha Wave Global and Temasek (all existing investors in Lenskart). Neso Brands plans to partner with and invest in consumer eyewear brands around the world and grow them. Neso Brands will enable a quicker global roll-out by giving them access to shared resources, particularly technology, supply chain, distribution, capital and best practices.
From the Venture Intelligence PE-VC Deal Database: Between Oct-11 and Apr-22, Lenskart had raised over USD 1 Billion from Chiratae Ventures, KKR, Bay Capital Investments, Alpha Wave Global, Temasek, SoftBank Corp, Kedaara Capital, TR Capital, Epiq Capital, Steadview Capital, TPG Growth, TR Capital, PremjiInvest and others. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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