Lenskart raises $200M in secondary round from Temasek
SoftBank-backed eyewear retailer Lenskart has raised $200 million in secondary investment from Temasek and Fidelity Management and Research Company. With this transaction, Lenskart has attracted close to $1 billion in capital over the last 18 months, the company said in a statement.
Temasek had previously participated in a $220-million funding in 2021. Meanwhile, Fidelity has joined Lenskart's cap table with the latest cash infusion.
Lenskart was founded in 2008 by Peyush Bansal, Amit Chaudhary, Neha Bansal, and Sumeet Kapahi. In 2019, the eyewear brand joined the coveted unicorn club; with the latest fundraise, its valuation has crossed $5 billion, according to TechCrunch.
The company boasts 2,500+ stores of which ~2,000 are in India.
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