Page 5 - Latest Updates on Lenskart IPO

Lenskart acquires computer vision startup Tango Eye for undisclosed amount

In stores, Tango Eye's technology analyses CCTV footage to provide analytics, optimise customer flow and ensure proper adherence to all procedures

Lenskart unit Neso Brands makes $4 mn investment in Paris eyewear brand

Founded in 2015 by former Google and Rad.co executive Jeremie Encaoua and optician Elie Attias, Le Petit Lunetier is a direct-to-consumer eyewear brand that offers fashionable designs

Lenskart investor Epiq Capital's Fund II oversubscribed at $225 million

Venture capital firm Epic Capital on Wednesday said announced raising USD 225 million under its Fund II which would invest a major part of the proceeds in technology start-ups. The company is an investor in unicorns such as Lenskart, Pristyn Care, Cure.fit, Dailyhunt and Builder.ai. "Epiq Capital II has been oversubscribed at USD 225 million," Epiq Capital, Founder and Managing Partner, Rishi Navani said. Epiq Capital had set a target to raise USD 200 million for Fund II. It plans to invest a major portion of the Fund II in technology start-ups. The Fund II has marquee domestic and global investors including leading tech entrepreneurs, industrialists, sports & entertainment leaders, family offices, sovereign wealth funds and other institutions. Epiq Capital said that it will continue to invest in exceptional entrepreneurs targeting the large USD 5 trillion digital India opportunity in the next decade. "Most funds have 20-25 companies in their portfolio. We tend to have 8-10 ...

Lenskart raises $100 mn from ChrysCapital, plans global expansion

Eyewear company's $4.2 bn valuation is unchanged from last year's funding round: Sources

PE player ChrysCapital invests $100 million in eyewear brand Lenskart

The latest investment brings Lenskart's total capital infusion to nearly $850 million within the past year

CCI approves minority stake acquisition in Lenskart by Dove Investments

Fair-trade regulator CCI has approved the minority stake acquisition in Lenskart Solutions by Dove Investments, Defati Investments Holding BV and Infinity Partners. The proposed combination relates to Dove Investments, Defati Investments Holding BV and Infinity Partners' minority acquisition of certain equity shareholding of Lenskart, a notice filed with the CCI said on Monday. Lenskart Solutions Pvt Ltd (LSPL) is engaged in the business of manufacturing, sale and wholesale trading of eyewear products, while Dove Investments, Defati Investments Holding BV and Infinity Partners are private equity investors. Separately, the regulator has cleared the acquisition of securities of a newly incorporated entity of Mahindra & Mahindra Ltd by the World Bank Group arm IFC. The combination pertains to IFC proposing to subscribe to certain compulsorily convertible preference shares (CCPS) of the new unit of Mahindra & Mahindra. In March, Mahindra & Mahindra announced that the World ...

Indian startup funding dives 75% YoY to $2.8 bn in Q1 of CY 2023: Tracxn

Deal values dip sequentially as well; despite this India emerges as second-highest funded nation, behind the US

CCI approves ADIA's stake buy in Lenskart under green channel route

Fair-trade regulator Competition Commission of India (CCI) on Thursday said it has given approval under the green channel route to Abu Dhabi Investment Authority for acquiring a stake in Lenskart Solutions Pvt Ltd (LSPL). Under the green channel route, wherein a transaction, which does not raise any risk of an appreciable adverse effect on competition, is deemed to be approved on being intimated to the competition watchdog. The proposed transaction relates to the proposed acquisition of a certain shareholding of LSPL by Platinum Jasmine A 2018 Trust (Platinum Jasmine), a notice filed with the CCI said. Abu Dhabi Investment Authority (ADIA) is the sole beneficiary and settlor of Platinum Jasmine, while LSPL is engaged in the business of manufacture, sale and wholesale trading of eyewear products. CCI said it has approved the deal. Last week, Lenskart announced that it has signed definitive documents for a USD 500 million investment from a wholly-owned subsidiary of ADIA. "There ar

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

ADIA may seal $500-million stake deal in eyewear start-up Lenskart

Eyewear company's deal with ADIA Abu Dhabi Investment Authority and ChrysCapital maybe announced in weeks

ADIA close to buying a $500 million stake in eyewear startup, Lenskart

The Middle Eastern sovereign wealth fund is finalizing an agreement to buy a mix of existing Lenskart shares and new equity, the people said

Abu Dhabi Investment Authority to invest nearly $400 million in Lenskart

ADIA in advanced talks with Lenskart for an investment of up to $350 million to $400 million

Lenskart FY22 revenue rises 66% to Rs 1,502 cr, but slips into losses

The SoftBank-backed company reported losses of Rs 102 crore in FY22 after reporting a profit of Rs 28 crore in the previous financial year

PE, Sovereign funds making larger investments in Indian tech firms

PE funds like Advent, TPG, Temasek and GIC have sped up their investments in India with larger cheques of $100 million or more

Laying eyewear optic fibre to make 400 mn specs per year: Lenskart's Bansal

As part of that strategy, the SoftBank-backed firm is setting up the world's largest eyewear manufacturing plant in Bhiwadi, a city in Rajasthan

Lenskart acquires majority stake in Japanese eyewear brand Owndays

This acquisition will take Lenskart's reach to 13 markets, including India, Singapore, Thailand, and Japan and make it one of the largest players in Asia's online eyewear segment

Eyewear brand Lenskart to hire over 2,000 employees by 2022

Lenskart will also expand its international teams in Singapore, West Asia, and the US by adding 300 more employees

SoftBank-backed Lenskart raises $220 million as India's tech industry booms

Lenskart sold about 8 million pairs of eyewear last year and is aiming to grow that by 30 per cent in the year ending March 2022

Lenskart's launches Vision Fund for select startups in eye-care space

To invest $2 million in each enterprise, nurture innovations disrupting eyewear, eye-care and omni-channel retail

Lenskart Foundation launches WhatsApp chat-based Covid-19 relief helpline

The WhatsApp-based helpline at 892-947-6589 provides information on what to do if diagnosed with Covid-19, using inputs from a panel of doctors