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Lenskart may see 20% valuation increase to $6b
Lenskart, an omnichannel eyewear retailer, may see its valuation rise by 20% to US$6 billion.
This potential increase depends on discussions for a new secondary share sale valued between US$200 million and US$300 million, according to sources.
Fidelity previously increased Lenskart’s valuation to US$5.6 billion, a 12% rise from the last secondary investment led by Fidelity and Temasek at US$5 billion.
Over the past year, Lenskart has engaged in secondary deals worth US$650 million.
Lenskart reported a revenue growth of over 40% in FY24, nearing profitability.
Recent Lenskart developments
| Timeline |
|---|
05-Nov-2024 👓 Lenskart hits $5b value after Fidelity, Temasek boost
|
23-Oct-2024 👓 Lenskart hires ex-Oyo CFO as new financial chief
|
03-Jun-2024 👓 IPO-bound Lenskart nets $200m from Temasek, Fidelity at $5b valuation
|
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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