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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
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 …
India’s grocery and food delivery platforms are increasingly displaying misleading images of food using artificial intelligence, defeating the very purpose of buying online.
Billionaire Mohamed Alabbar goes for the Indian Ocean archipelago, India’s PhonePe gets UAE approval, and other updates from the week.
Vish Narain of Pulsar Capital on spotting real synergies between India and the Gulf, and why many entrepreneurs read the market wrong.
