Lifestyle & Travel

Temasek and Fidelity contribute $200 million to Lenskart.

Published: June 13, 2024
Author: Fashion Value Chain

According to Avendus Capital, the transaction’s financial advisor, the Indian eyeglasses retailer Lenskart has received $200 million from Fidelity Management and Research Company and Temasek, a state investment institution in Singapore.

The transaction valued SoftBank-backed Lenskart at $5 billion, according to news website TechCrunch, which opens a new tab. However, Avendus did not provide any other financial specifics in its Monday announcement.

A Reuters request for comment on the financial parameters of the deal was not immediately answered by Lenskart or Fidelity, and Temasek acknowledged the announcement without providing any other information.

Through its website and more than 2,500 outlets, the eyeglasses retailer—which also has Abu Dhabi Investment Authority as one of its investors—operates throughout India, Southeast Asia, and the Middle East.

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