Temasek, Fidelity may invest $200 million in Lenskart at $5 billion valuation
by ETtech.com
ETtech.com— 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...
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ETtech.com—Lenskart's $200-million secondary; Wipro’s Delaporte’s golden handshake. 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...
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