Lenskart raises $220M from Temasek, Falcon: Report

The startup's valuation is now $2.5 billion

e4m by exchange4media Staff
Updated: Jul 19, 2021 11:41 AM
lenskart

Online eyewear retailer Lenskart has reportedly raised $220 million from investors like Temasek Holdings Pte and Falcon Edge Capital.

The company plans to pump the capital along with $95 million raised from KKR & CO earlier to expand its online sales and to launch more brick-and-mortar stores in India, South Asia and the Middle East.

The startup's valuation is now $2.5 billion, said Peyush Bansal, who founded the company in 2010.

The move comes at a critical time for India's tech startup industry. Last week, Zomato made its stock market debut and payment app Paytm filed a draft prospectus for India's biggest IPO.

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