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

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.

Read more news about (internet advertising India, internet advertising, advertising India, digital advertising India, media advertising India)

For more updates, be socially connected with us on
WhatsApp, Instagram, LinkedIn, Twitter, Facebook & Youtube