Lenskart’s valuation could rise 20% to $6 billion in new share sale

Initial public offering (IPO)-bound Lenskart’s valuation could rise by 20 per cent to $6 billion if discussions for a $200-300 million secondary share sale go through, The Economic Times reported on Tuesday.

The company previously raised $200 million from Fidelity Management & Research Company (FMR) and Temasek at a $5 billion valuation, and with that round, secured nearly $1 billion in the past 18 months. Despite the 2022-23 funding drought, it secured investments from KKR and the Abu Dhabi Investment Authority (ADIA). Overall, it recorded secondary deals of up to $650 million last year.