Lenskart Secures $200 Million Investment from Temasek and FMR

Indian eyewear retailer Lenskart has raised $200 million in secondary investment from Temasek and Fidelity Management & Research Company (FMR). This follows nearly $1 billion in capital influx over the past 18 months. The company continues to expand its presence in India and internationally with a strong omnichannel strategy.


PTI | New Delhi | Updated: 03-06-2024 21:24 IST | Created: 03-06-2024 21:24 IST
Lenskart Secures $200 Million Investment from Temasek and FMR
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Indian eyewear retailer Lenskart has successfully raised $200 million in secondary investment from Temasek and Fidelity Management & Research Company (FMR), according to a statement from Avendus Capital.

This latest funding round sees Temasek deepening its investment in Lenskart while welcoming FMR to its cap table. With this transaction, Lenskart has secured almost $1 billion in capital over the past 18 months, marking it as one of the largest growth-stage financings globally.

Lenskart, now with over 2,500 stores, continues to expand its reach in India and internationally across Southeast Asia and the Middle East. The company's omnichannel approach blends online, mobile app, and physical stores, offering a unique customer experience. Neeraj Shrimali of Avendus Capital emphasized that this investment highlights Lenskart's disruptive business model and the growing excitement about its anticipated IPO.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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