D2C eyewear retail unicorn Lenskart eyes an investment of USD 100 million from private equity firm ChrysCapital at a valuation of USD 4 billion, according to media reports.
The talks on the investment deal are ongoing and the deal is yet to be finalised. The media reports reveal that, if finalised, this would be among the largest investments of ChrysCapital in a new-age entity.
The new funding will bring the total ongoing funding round at Lenskart to around USD 500 million, with early investors such as Kedaara Capital, SoftBank Vision Fund, TR Capital, and others looking at partial exits. Alpha Wave Global, formerly Falcon Edge, may also participate in the current financing by purchasing additional shares, according to media reports.
In November 2022, Lenskart raised USD 39.6 million from Chiratae Ventures, DSP India Fund and Axis Growth Avenues AIF-I. It is the brand’s fifth round of funding.
