Home / Companies / Start Ups / ADIA to invest $500 mn in Lenskart, hold 10% stake in eyewear retailer

ADIA to invest $500 mn in Lenskart, hold 10% stake in eyewear retailer

The fundraise was done at a $4.2 billion valuation, according to the sources. It will result in ADIA becoming one of the largest shareholders in Lenskart with a 10 per cent stake, say sources

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Photo: Bloomberg

3 min read Last Updated : Mar 16 2023 | 11:28 AM IST

Lenskart, the largest eyewear retailer in Asia, on Thursday said that it has signed definitive documents for a $500 million investment from a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA). The investment will be made via a purchase of both primary and secondary shares and will result in ADIA becoming one of the largest shareholders in Lenskart.

The fundraise was done at a $4.2 billion valuation, according to the sources. It will result in ADIA becoming one of the largest shareholders in Lenskart with a 10 per cent stake, say sources.

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