Temasek and Fidelity have purchased shares worth $200 million in Indian eyewear startup Lenskart, financial advisor Avendus said in a statement Monday.
The transaction valued Lenskart, which leads the Indian market and is increasingly expanding overseas, at $5 billion, the startup’s founder and chief executive Peyush Bansal told TechCrunch in a text message.
Temasek is an existing backer of Lenskart. The new investment follows Lenskart raising $500 million from the Abu Dhabi Investment Authority last year.
More to follow.
