Lenskart’s Latest Funding Round Nets Valuation of $2.5 Billion

Lenskart’s Latest Funding Round Nets Valuation of $2.5 Billion

An advertisement for Lenskart. Lenskart

Private equity firm KKR & Co will invest $95 million in Indian omnichannel eyewear retailer, Lenskart, as part of a broader, $250 to $300 million capital-raising round, The Economic Times reports.

Lenskart, founded in 2010, has around 730 stores in 175 cities across India and is said to be eyeing Singapore, the Middle East and United States for international expansion.

The retailer has previously raised $459 million over nine rounds from 12 investors, the last of which included Kedaara Capital and SoftBank Vision Fund II in 2019.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Loading…

0