Friday, March 24, 2023
Outlook.com
Outlook India
Outlook Business
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Lenskart

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