The deal is reportedly worth $400 Mn, bringing OWNDAYS into Lenskart’s fold
Lenskart said that OWNDAYS will operate independently of it, with the cofounders remaining stakeholders and leading the management team
The Faridabad-based unicorn will become Asia’s largest omnichannel eyewear brand, reaching 13 markets
Omnichannel eyewear brand Lenskart has acquired a majority stake in Japanese eyewear brand OWNDAYS in a deal reportedly worth around $400 Mn. Lenskart and OWNDAYS did not reveal the exact financial details of the deal.
The Japanese eyewear brand’s current shareholders, including L Catterton Asia and Mitsui & Co. Principal Investment, will get an exit.