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Lenskart in talks for 200 million infusion from Temasek, Fidelity, eyeing $5 billion valuation
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Lenskart in talks for 200 million infusion from Temasek, Fidelity, eyeing $5 billion valuation
25 April 2024
Lenskart is engaged in talks with Temasek and Fidelity for a $200 million funds infusion through a secondary share sale, The Economic Times reported citing sources.
A significant increase from its previous valuation, this move would also place Lenskart's worth at over three times that of competitor Warby Parker, the report added. A New York-based online eyewear retailer, Warby Parker went public on the NYSE in 2022 with a market cap of close to $1.55 billion.
Lenskart is engaged in talks with Temasek and Fidelity for a $200 million funds infusion through a secondary share sale, The Economic Times reported citing sources.
A significant increase from its previous valuation, this move would also place Lenskart's worth at over three times that of competitor Warby Parker, the report added. A New York-based online eyewear retailer, Warby Parker went public on the NYSE in 2022 with a market cap of close to $1.55 billion.
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