Lenskart Acquires Japan’s Eyewear Brand OWNDAYS In A $400 Mn Deal

Lenskart Acquires Japan’s Eyewear Brand OWNDAYS In A $400 Mn Deal

SUMMARY

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.

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