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KKR Invests US$95 million in Lenskart

KKR Invests US$95 million in Lenskart
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[Funding alert] KKR invests $95M in Lenskart through secondary stake acquisition

[Funding alert] KKR invests $95M in Lenskart through secondary stake acquisition
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KKR invests USD95 million in Lenskart


KKR invests USD95 million in Lenskart
Mumbai,May 17 (UNI) Lenskart, a leading omni-channel eyewear retailer in India, and KKR, a global investment firm, announced the signing of definitive agreements under which KKR will invest USD95 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.
As part of the transaction, existing investors TPG Growth and TR Capital, who first invested in Lenskart in late 2014, will each divest a portion of their holding in the Company. ....

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