Key Points
Indian eyewear retailer Lenskart has reportedly raised $200 million from Singapore state investment firm Temasek and Fidelity Management and Research Company, as per the financial advisor of the deal Avendus Capital..
According to Avendus, Lenskart has raised close to $1 billion in capital over the last 18 months, making it one of the largest growth-stage financings globally...
This investment by renowned global investors underscores the uniqueness of Lenskarts disruptive model and highlights the excitement surrounding one of the most anticipated IPOs in India in the coming yearsIn our view, more late-stage tech companies will continue to garner strong investor interest demonstrating the robustness and excitement of the Indian consumer tech landscape, said Neeraj Shrimali, Managing Director and Co-Head, Digital and Technology Investment Banking, Avendus Capital...
