Lenskart

Lenskart plans to build largest eyewear manufacturing facility in Telangana

The Gurugram-based eyewear firm has signed a memorandum of understanding (MoU) with the Telangana government to establish the facility at Fab City

Lenskart's valuation could rise 20% to $6 billion in new share sale

Existing investors like Fidelity, Kedaara Capital, are among the parties looking to increase their stakes in the initial public offering-bound company

Fidelity increases IPO-bound Lenskart valuation by 12% to $5.6 billion

This year, IPO-bound Lenskart raised $200 million in secondary investment from Singapore's state-owned investment firm Temasek and Fidelity

Family offices in India rise from 45 to 300 in 6 yrs, handle $30 bn in AUM

Family offices in India manage an estimated $30 billion in assets under management (AUM), a small portion compared to the global AUM of family offices, which stands at around $6 trillion

Lenskart raises $200 million in secondary round at $5 billion valuation

Lenskart continues to deepen its penetration in India while rapidly scaling its international presence in Asia, including Southeast Asia and the Middle East

IPO-bound Unicommerce expanding oversees ops by client acquisitions

IPO-bound SaaS platform Unicommerce is expanding its overseas operations by onboarding more clients, a top official said on Tuesday. Unicommerce is already serving 46 clients in Singapore, the Philippines, Indonesia, the UAE, and Saudi Arabia and is now expanding these operations by adding more clients. Some of its clients in these markets include the UAE-based fashion brand Redtag, the Philippines-based kids' wear brand Edamama and the UAE-based logistics player RSA Global. "After building a solid foundation in the country, international markets are a growth area for us now and we will now be expanding our operation in these overseas markets. "The domestic e-commerce market is ahead of most other markets in the region allowing us to offer future-ready solutions for our overseas clients," Kapil Makhija, managing director & chief executive told PTI Tuesday. Its domestic clientele includes Lenskart, Fabindia, Zivame, TCNS, Mamaearth, Emami, Sugar, Boat, Portronics, Pharmeasy, GNC, .

Startup funding in India fell 62% to six-year-low in 2023: PrivateCircle

The funding deal volume fell by a sharper 72% in 2023 to 1,444 deals as compared to 5,114 deals in 2022

Piyush Goyal to meet 40 unicorn startups including Zerodha, Boat, Lenskart

Commerce and Industry Minister Piyush Goyal will hold discussions with senior representatives of 40 unicorn startups like Lenskart, Zerodha, and Boat here on Wednesday, an official said. Issues which will figure in the deliberations include ways to further promote sustainable growth of the sector, risks, domestic capital mobilisation and position India on the global startup landscape, the official said. Startup firms valued over USD 1 billion are categorised as unicorns. "Unicorns from different sectors and cities will be there. The sectors which would see participation include fintech, e-commerce and logistics," the official added. The other firms who would attend the meeting include CarDekho, and EasyMy Trip. The government has taken a series of steps to promote the startup ecosystem in the country. Over 1.17 lakh startups are recognised by the government. They are eligible to seek certain tax incentives. The Startup India initiative was launched by the Prime Minister Narendra

Lenskart acquires computer vision startup Tango Eye for undisclosed amount

In stores, Tango Eye's technology analyses CCTV footage to provide analytics, optimise customer flow and ensure proper adherence to all procedures

Lenskart unit Neso Brands makes $4 mn investment in Paris eyewear brand

Founded in 2015 by former Google and Rad.co executive Jeremie Encaoua and optician Elie Attias, Le Petit Lunetier is a direct-to-consumer eyewear brand that offers fashionable designs

Lenskart investor Epiq Capital's Fund II oversubscribed at $225 million

Venture capital firm Epic Capital on Wednesday said announced raising USD 225 million under its Fund II which would invest a major part of the proceeds in technology start-ups. The company is an investor in unicorns such as Lenskart, Pristyn Care, Cure.fit, Dailyhunt and Builder.ai. "Epiq Capital II has been oversubscribed at USD 225 million," Epiq Capital, Founder and Managing Partner, Rishi Navani said. Epiq Capital had set a target to raise USD 200 million for Fund II. It plans to invest a major portion of the Fund II in technology start-ups. The Fund II has marquee domestic and global investors including leading tech entrepreneurs, industrialists, sports & entertainment leaders, family offices, sovereign wealth funds and other institutions. Epiq Capital said that it will continue to invest in exceptional entrepreneurs targeting the large USD 5 trillion digital India opportunity in the next decade. "Most funds have 20-25 companies in their portfolio. We tend to have 8-10 ...

Lenskart raises $100 mn from ChrysCapital, plans global expansion

Eyewear company's $4.2 bn valuation is unchanged from last year's funding round: Sources

PE player ChrysCapital invests $100 million in eyewear brand Lenskart

The latest investment brings Lenskart's total capital infusion to nearly $850 million within the past year

CCI approves minority stake acquisition in Lenskart by Dove Investments

Fair-trade regulator CCI has approved the minority stake acquisition in Lenskart Solutions by Dove Investments, Defati Investments Holding BV and Infinity Partners. The proposed combination relates to Dove Investments, Defati Investments Holding BV and Infinity Partners' minority acquisition of certain equity shareholding of Lenskart, a notice filed with the CCI said on Monday. Lenskart Solutions Pvt Ltd (LSPL) is engaged in the business of manufacturing, sale and wholesale trading of eyewear products, while Dove Investments, Defati Investments Holding BV and Infinity Partners are private equity investors. Separately, the regulator has cleared the acquisition of securities of a newly incorporated entity of Mahindra & Mahindra Ltd by the World Bank Group arm IFC. The combination pertains to IFC proposing to subscribe to certain compulsorily convertible preference shares (CCPS) of the new unit of Mahindra & Mahindra. In March, Mahindra & Mahindra announced that the World ...

Indian startup funding dives 75% YoY to $2.8 bn in Q1 of CY 2023: Tracxn

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

CCI approves ADIA's stake buy in Lenskart under green channel route

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

ADIA to invest $500 mn in Lenskart, hold 10% stake in eyewear retailer

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

ADIA may seal $500-million stake deal in eyewear start-up Lenskart

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

ADIA close to buying a $500 million stake in eyewear startup, Lenskart

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

Abu Dhabi Investment Authority to invest nearly $400 million in Lenskart

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