Lenskart

Deal values dip sequentially as well; despite this India emerges as second-highest funded nation, behind the US

Fair-trade regulator Competition Commission of India (CCI) on Thursday said it has given approval under the green channel route to Abu Dhabi Investment Authority for acquiring a stake in Lenskart Solutions Pvt Ltd (LSPL). Under the green channel route, wherein a transaction, which does not raise any risk of an appreciable adverse effect on competition, is deemed to be approved on being intimated to the competition watchdog. The proposed transaction relates to the proposed acquisition of a certain shareholding of LSPL by Platinum Jasmine A 2018 Trust (Platinum Jasmine), a notice filed with the CCI said. Abu Dhabi Investment Authority (ADIA) is the sole beneficiary and settlor of Platinum Jasmine, while LSPL is engaged in the business of manufacture, sale and wholesale trading of eyewear products. CCI said it has approved the deal. Last week, Lenskart announced that it has signed definitive documents for a USD 500 million investment from a wholly-owned subsidiary of ADIA. "There ar

The fundraise was done at a $4.2 billion valuation, according to the sources. It will result in ADIA becoming one of the largest shareholders in Lenskart with a 10 per cent stake, say sources

Eyewear company's deal with ADIA Abu Dhabi Investment Authority and ChrysCapital maybe announced in weeks

The Middle Eastern sovereign wealth fund is finalizing an agreement to buy a mix of existing Lenskart shares and new equity, the people said

ADIA in advanced talks with Lenskart for an investment of up to $350 million to $400 million

The SoftBank-backed company reported losses of Rs 102 crore in FY22 after reporting a profit of Rs 28 crore in the previous financial year

PE funds like Advent, TPG, Temasek and GIC have sped up their investments in India with larger cheques of $100 million or more

As part of that strategy, the SoftBank-backed firm is setting up the world's largest eyewear manufacturing plant in Bhiwadi, a city in Rajasthan

This acquisition will take Lenskart's reach to 13 markets, including India, Singapore, Thailand, and Japan and make it one of the largest players in Asia's online eyewear segment

Lenskart will also expand its international teams in Singapore, West Asia, and the US by adding 300 more employees

Lenskart sold about 8 million pairs of eyewear last year and is aiming to grow that by 30 per cent in the year ending March 2022

To invest $2 million in each enterprise, nurture innovations disrupting eyewear, eye-care and omni-channel retail

The WhatsApp-based helpline at 892-947-6589 provides information on what to do if diagnosed with Covid-19, using inputs from a panel of doctors

Has already made two acquihires this year in DailyJoy and HighApe; is ramping up its 170-strong tech team with 80 more engineers by this August

TPG Growth and TR Capital will each divest a portion of their holding in Lenskart.

Several ecommerce and digital payments companies are looking for public listing over next two years

A large part of this investment will go towards building next generation technology and supply chain, said Peyush Bansal, Founder & CEO of Lenskart

Lenskart is raising Rs 1,645 cr in a funding round led by Masayoshi Son-led SoftBank; company has cut losses by 73%, while driving revenue up 57% in FY19

The start-up raised over $275 million from Softbank Vision Fund