Lenskart raises $200 million in secondary round at $5 billion valuation

IPO-bound Lenskart, the largest eyewear retailer in Asia, has raised $200 million in secondary investment from Singapore’s state-owned investment firm Temasek and US financial services major Fidelity, the company said in a statement.

As value in startup companies grows, secondary sales are a way to repay early investors.

The Peyush Bansal-led company is likely to be valued at $5 billion in this round. The firm was last valued at $4.5 billion during $100 million funding in June last year. Over the last 18 months, Lenskart has attracted close to $1 billion in capital, making it one of the largest growth-stage financings globally.