Fidelity Increases LensKart Valuation By 21% To $6.1 Bn

Fidelity raises Lenskart valuation to $6.1 Bn ahead of IPO | Business Review Live | Business News, Reviews | Entrepreneur Stories, Interviews

Fidelity has increased the valuation of omnichannel eyewear brand Lenskart to $6.1 billion, according to its latest monthly portfolio update. In November, Fidelity valued the Peyush Bansal-led company at $5.6 billion. In June 2024, Lenskart secured $200 million through a secondary funding round, followed by a $20 million investment led by Bansal himself. To date, the company has raised close to $1 billion and reached a $5 billion valuation durin…

Fidelity Increases LensKart Valuation By 21% To $6.1 Bn

A fund managed by US-based financial services major Fidelity Investments has reportedly marked up the valuation of IPO-bound omnichannel retail eyewear major LensKart.  As per an ET report, the new valuation marks a 21% increase from the previous $5 billion assessment at which Fidelity had purchased shares in Lenskart. The updated figure was revealed in Fidelity’s latest monthly portfolio holdings update as of April 30. Crossover funds like Fide…

Bengaluru Consumer Court Orders Lenskart to Pay ₹8,299 for Defective Spectacles Sold to Elderly Couple - The Logical Indian

The Bangalore District Consumer Disputes Redressal Commission has held eyewear retailer Lenskart liable for deficiency in service after an elderly couple faced persistent problems with their bifocal spectacles, despite having paid for insurance and an extended warranty. The couple, who spent over ₹20,000 in total, experienced discomfort and a broken frame within ten days of purchase. Lenskart refused to replace or repair the glasses under warran…