Friday, 24 March, 2023

Lenskart is preparing to finish $250M funding round

<p>Lenskart, an omni-channel eyeglasses retailer, is in advanced talks to conclude a $200-250M round, which could raise its valuation to $4.5-5B. Alpha Wave Global, formerly Falcon Edge Capital, is leading the funding, which will also include a secondary share sale. A portion of the funds raised will go to Lenskart&#39;s Thrasio-style direct-to-consumer (D2C) roll-up business. Temasek and Alpha Wave co-led that round, and Lenskart was valued at $2.5B as a result.</p>