KKR, the global investment firm, is all set to invest $95 million in eyewear retail platform Lenskart, through a secondary stake acquisition.
Other investors who took part in the financial round include Temasek and New York-based Falcon Edge Capital. Lenskart’s valuation is now estimated to be around $2.5 billion.
While KKR will be joining the list of Lenskart equity holders , current investors, notably TR Capital and TPG Growth, will be going ahead with a divestment of a portion of the stakes. Out of these, the latter will apparently be making a return in some four and a half years, and that too, with a six-fold increase in shares, if experts are to be believed.
Source: Thetechportal
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