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Lenskart hits $5b value after Fidelity, Temasek boost
Indian multinational eyewear company Lenskart reportedly achieved an annual revenue run rate of US$1 billion.
Earlier in June, Fidelity and Singapore’s sovereign wealth fund, Temasek, invested US$200 million in Lenskart. This investment resulted in a valuation of US$5 billion through a secondary transaction.
Fidelity, along with other crossover funds, routinely updates valuations based on market conditions and the performance of similar businesses.
Recent Lenskart developments
| Timeline |
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23-Oct-2024 👓 Lenskart hires ex-Oyo CFO as new financial chief
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03-Jun-2024 👓 IPO-bound Lenskart nets $200m from Temasek, Fidelity at $5b valuation
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01-Dec-2023 👓 Lenskart eyes expansion with 300-400 new stores in SEA
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16-Mar-2023 👓 Lenskart expands presence in India and beyond with $500m raise
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30-Jun-2022 👓 Eyewear giant Lenskart buys majority stake in Japan’s Owndays
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| 11-Aug-2021 👓 Indian eyewear startup Lenskart to hire 2,000 employees by 2022 |
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