Thursday, September 19, 2024
Outlook.com
Outlook India
Outlook Business

Chryscapital

This capital infusion follows Abu Dhabi Investment Authority's (ADIA) announcement to invest $500 million in Lenskart

The total ongoing funding round would increase to around $500 million if ChrysCapital participates and other early investors including SoftBank Vision, Kedaara Capital and TR Capital are clocking a partial exit

Existing investors are expected to partially exit through a secondary share sale, and the investment is taking place at a valuation of $4 billion. Lenskart aims to continue expanding with 400 new stores and expects to turn profitable in the financial year...