Exclusive: Peyush Bansal’s Lenskart Bags $28 Mn From Avendus

Exclusive: Peyush Bansal’s Lenskart Bags $28 Mn From Avendus

SUMMARY

As per Inc42’s estimate, the fresh round was raised at $4.3 Bn valuation

This seems to be a part of larger round which has been reported earlier

Lenskart is also preparing itself for an IPO

IPO-bound eyewear giant LensKart is raising close to $28.2 Mn from Avendus Future Leaders Fund II. For the fresh round of funding, the startup has allotted 1,053,882 Series I CCPS for consideration of $28.2 Mn (INR 219.9 Cr) funding.

The round seems to be part of a bigger round to have been reported earlier and is now coming in tranches. Lenskart had earlier raised $100 Mn in a fresh round of investment from Alpha Wave Ventures and an additional $25 Mn from Epiq Capital. The development has come almost a year after it raised $315 Mn at a valuation of $2.5 Bn. 

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