Lenskart Eyes $200 Million Fund Infusion, Valuation to Soar to $5 Billion

Lenskart is reportedly in talks with Temasek and Fidelity for a $200 million secondary share sale, which could push its valuation to around $5 billion. This significant increase would place Lenskart’s worth over three times that of its competitor Warby Parker. Temasek, an existing investor, is expected to lead the round with $125-150 million, while Fidelity will contribute the remaining amount. Other early investors may also divest a portion of their holdings. Lenskart’s financial performance has been strong, with estimated FY24 revenue of 5,500 crore and profit of 260 crore.

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