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Lenskart in talks with SoftBank to raise $350 Mn; to enter Unicorn club


Lenskart is currently in talks with SoftBank Vision Fund to secure an investment of  $350 million. If this deal goes through,  Lenskart’s valuation will rise from $460-470 million to $1.3 billion, marking its entry into the coveted Unicorn club.

SoftBank wanted to invest a bigger amount in Lenskart so it could aggressively expand out of India but the company is not ready for that. Recently, Lenskart entered Singapore and has plans to open 50-60 more stores in the next 3 years in the country. (Source)


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