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.

03 June, 20243 min
0
Banner image

Subscribe to read this story

We publish over 500 original, detailed stories every year on startups, corporates, stock markets and economic current affairs.

$99 for one year

SUBSCRIBE
Already have an account? Sign In

Not ready to subscribe? Sign up for a free account

We value our free readers. Read 100+ stories every year.

You may also like

Internet
Story image

Rapido’s food delivery bet puts investor Swiggy in a tight spot

The bike taxi company learned the ropes in food delivery while working with Swiggy. Now it wants to compete directly.

Internet
Story image

Pocket FM’s model doesn’t need humans

Multiple former employees of the audio series startup have been complaining about a gruesome and callous work culture. A deeper look suggests that this dynamic may be the result of the business model itself.

Internet
Story image

Restaurants desperately seek a third alternative in food delivery

Long plagued by Zomato and Swiggy’s machinations, restaurateurs are now saddled with charges for unsolicited ads and promotional discounts. Can ONDC help them break the duopoly?