Pvt equity investor KKR invests $95 million in Lenskart
By IANS |
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New Delhi, May 17 : Lenskart, an omni-channel eyewear retailer in India, and KKR, a global investment firm, on Monday announced the signing of definitive agreements under which KKR will invest $95 million in Lenskart via a secondary stake acquisition.
Upon the completion of the transaction, KKR will look to leverage its experience working with leading technology and eyewear companies globally to support Lenskart in expanding its presence in India, scaling its growing operations overseas, and enhancing its digital offerings to augment customers virtual and omni-store experience.
Global firm KKR invests USD 95 mn in Lenskart
According to reports, KKR s investment is part of a larger USD 300-million round. However, the companies did not comment on the report and if other investors have participated in the round.
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New Delhi: Lenskart on Monday said global investment firm KKR will invest USD 95 million (about Rs 695.8 crore) in the omni-channel eyewear retailer via a secondary stake acquisition.
As part of the transaction, existing investors - TPG Growth and TR Capital - will each divest a portion of their holding in Lenskart, a statement said.
KKR Invests US$95 million in Lenskart adgully.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from adgully.com Daily Mail and Mail on Sunday newspapers.
KKR invests USD 95 mn in Lenskart
KKR invests USD 95 mn in Lenskart
NEW DELHI, May 17: Lenskart on Monday said global investment firm KKR will invest USD 95 million (about Rs 695.8 crore) in the omni-channel eyewear retailer via a secondary stake acquisition.
As part of the transaction, existing investors – TPG Growth and TR Capital – will each divest a portion of their holding in Lenskart, a statement said.
These entities had invested in Lenskart in late 2014.
Upon the completion of the transaction, KKR will look to leverage its experience working with leading technology and eyewear companies globally to support Lenskart in expanding its presence in India, scaling its growing operations overseas, and enhancing its digital offerings to augment customers’ virtual and omni-store experience, the statement said.