Friday, March 24, 2023
Outlook India
Outlook Business


The investment is expected to help Lenskart expand its reach and market share, both in India and abroad

The deal is expected to value Lenskart at $4 billion

The visit is significant for SoftBank, which has been facing losses from its Vision Fund, and comes on the back of a series of stake offloads across listed firms

Existing investors are expected to partially exit through a secondary share sale, and the investment is taking place at a valuation of $4 billion. Lenskart aims to continue expanding with 400 new stores and expects to turn profitable in the financial year...

Consumers will be able to opt to split their e-commerce payments into easy installments right at the point of checkout without using their credit cards

In this investment round, Chiratae  Ventures and Axis Growth Avenues AIF-I infused $12.2 million each