Lenskart, Swiggy get valuation boost

After raising $200 million from Temasek and Fidelity, Lenskart’s valuation stands at $5 billion. Meanwhile, Baron Capital bumped up its stake in Swiggy by 25% to $15.1 billion.

Indian eyewear retailer Lenskart has raised $200 million from Singapore state-owned investment firm Temasek and Fidelity Management & Research Company in secondary investment, according to Avendus Capital, the startup’s financial advisor.

The latest transaction values Lenskart at $5 billion, co-founder and CEO Peyush Bansal told TechCrunch. The firm was last valued at $4.5 billion in a $100 million funding round in June last year.

With this deal, Temasek has doubled down on its existing investment in the 13-year-old company. Meanwhile, Fidelity has joined the cap table. Over the last 18 months, the Gurgaon-based firm has secured close to $1 billion …


Ujjaini Dutta

Ujjaini writes for Yesterday at The Morning Context. She joins us from MEA WorldWide, where she worked as a sub-editor, and has previously worked as an editorial intern at The Wire’s LiveWire. Ujjaini published her debut novel—Manik-er Khata—in 2022.