Lenskart

Lenskart recovers from tepid open to close first day slightly above IPO price

Startups /

Lenskart shares recovered after a soft start to finish slightly above the offer price on Monday, following the Indian eyewear retailer’s ₹72.8 billion ($821 million) IPO that sold out within hours but stirred debate over its valuation. The stock opened at ₹395, below the IPO price of ₹402, and fell as much as 11% to […]

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Temasek, Fidelity buy $200M stake in Lenskart at $5B valuation

Fundraising /

Temasek and Fidelity have purchased shares worth $200 million in Indian eyewear retailer Lenskart, according to a statement by the startup’s financial advisor, Avendus.  The transaction values Lenskart at $5 billion, the startup’s co-founder and chief executive, Peyush Bansal, told TechCrunch in a text message. Avendus, which also advised selling shareholders on the deal, didn’t name

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