If completed, the Lenskart funding would be one of Chrys Capital’s biggest investments in a
new-age firm.
ChrysCapital, a private equity group, is considering a $100 million (Rs 828 crore) investment in
Lenskart, an omnichannel eyeglasses store valued at $4 billion.
According to reports, discussions on the investment arrangement are still underway, and the
contract has not to been finalised.
According to the reports, if completed, this would be one of ChrysCapital’s biggest investments in a
new-age firm.
The fresh fundraising brings Lenskart’s total current funding round to roughly $500 million, with
early investors like Kedaara Capital, SoftBank Vision Fund, TR Capital, and others considering partial
exits.
According to the source, Alpha Wave Global, previously Falcon Edge, may also join in the present
funding by acquiring additional shares.
Stocks will be traded from current to new investors during the secondary share sale round, and the
proceeds will not be reinvested in the firm.
In recent years, the omnichannel eyeglasses store has used secondary share sales to fund partial
exits to investors such as Chiratae Ventures and others.
According to the source, Lenskart produced around Rs 415 crore in sales in December, with Owndays
accounting for Rs 183 crore of that total.
ChrysCapital has previously invested in online startups like FirstCry, Dream11, and XpressBees.
