Lenskart's $200-million secondary; Wipro’s Delaporte’s golden handshake
by ETtech.com
ETtech.com— Happy Thursday! Singapore investor Temasek and US-based fund Fidelity are preparing for a $200-million funding round in Lenskart. This and more in today's ETtech Morning Dispatch.Also in the letter:■ Flipkart’s FireDrops seeks use cases■ Zilingo's Ankiti Bose files FIR against cofounder ■ Database company MongoDB ups India play Temasek, Fidelity may invest $200 million in Lenskart via secondary deal109577363Singapore’s state-owned Temasek and US investment fund Fidelity are in talks to invest in...
ETtech.com—Temasek, Fidelity may invest $200 million in Lenskart at $5 billion valuation. Singapore’s Temasek and US’ Fidelity are in advanced discussions to invest around $200 million in Lenskart through a secondary share sale at a valuation of about $5 billion, three people aware of the matter said.To put this in perspective, the round would take the homegrown eyewear company’s valuation to over three times that of Warby Parker, a New York-based online retailer for spectacles and contact lens. Warby Parker listed on the NYSE late in 2022 and has a market capitalisation of around...
Public Radio of Armenia—Sixty-Six U.S. Representatives urge Congressional Appropriators to allocate $200 million for Artsakh refugees. Sixty-six U.S. Representatives have called on U.S. House Appropriations Committee leaders to allocate $200 million in U.S. assistance for Artsakh refugees, expand U.S. military aid to Armenia, suspend all military and security assistance to Azerbaijan and explore the application of sanctions on Azerbaijani war criminals, reported the Armenian National Committee of America (ANCA). The ANCA-backed bi-partisan …
ETtech.com—srinivas pallia salary: Wipro’s new CEO Srinivas Pallia to get max pay of $7 million. Wipro’s new CEO and MD, Srinivas Pallia, will receive a maximum compensation of $7 million per annum for the first two years, including a cash compensation that may range from a minimum of $1.75 million and a maximum of $3 million per annum.The IT major in a filing with BSE also said that the former CEO, Thierry Delaporte will be paid $4.33 million in the form of cash compensation and applicable social security contributions, subject to appropriate deductions. Meanwhile another exchange filing...