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

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.

“It is still Day 1 at