SoftBank Vision Fund invests $275M in India’s Lenskart

SoftBank Vision Fund invests $275M in India’s Lenskart

4 years ago
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https://techcrunch.com/2019/12/20/softbank-lenskart-india/

Lenskart, an omni-channel retailer in India that sells eyewear products, said on Friday that it has raised $275 million in a new financing round from SoftBank Vision Fund as it looks to expand its business in the nation.

As part of the new financing round — dubbed Series G — some of the nine-year-old startup’s existing investors are selling their stake, said Peyush Bansal, founder and chief executive of Lenskart in an interview with TechCrunch. He did not name the investors, though.