Bengaluru: Eye-wear retailer Lenskart is raising Rs 392 crore ($55 million) from home grown private equity firm Kedaara Capital, according to the latest regulatory documents. Lenskart, which sells its products through online and offline channels, will be valued at around Rs 8,200 crore ($1.15 billion).
Lenskart is issuing over 60 lakh compulsorily-convertible-cumulative-preference shares to Kedaara’s two entities at a per share value of over Rs 638, the documents sourced from business intelligence firm Tofler showed.
This is said to be part of a bigger financing round for the Faridabad-based company, which could be of about $400 million (Rs 2,841 crore), including fresh investment and secondary share purchase. TOI had reported last month that Japanese internet and telecom major SoftBank is in advanced stages
EYEING A BIGGER ROUND