Temasek and Fidelity Invest $200 Million in a Secondary Deal for Lenskart Valued at $5 Billion

Temasek of Singapore and Fidelity, a large financial services firm in the United States, invest $200 million in Lenskart through a secondary share sale, putting the company at $5 billion.

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Temasek and Fidelity Invest $200 Million in a Secondary Deal for Lenskart Valued at $5 Billion

Temasek of Singapore and Fidelity, a large financial services firm in the United States, invest $200 million in Lenskart through a secondary share sale, putting the company at $5 billion.

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Lenskart, an eyewear retailer, has raised $200 million in secondary funding from Temasek and Fidelity Management & Research Company.

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Temasek is doubling down on its current investment in Lenskart, while Fidelity has joined the cap table.

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According to Avendus financing, which served as the transaction’s advisor, Lenskart has raised about $1 billion in financing in the previous 18 months as a result of this acquisition.

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Lenskart is thought to have been valued at more than $5 billion during the secondary fundraising.

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The firm, led by Peyush Bansal, was previously valued at $4.5 billion during a $100 million investment round in June last year.

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