{"id":878487,"date":"2024-11-20T07:39:34","date_gmt":"2024-11-20T02:09:34","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=878487"},"modified":"2024-11-20T07:46:02","modified_gmt":"2024-11-20T02:16:02","slug":"lenskarts-valuation-could-rise-20-to-6-billion-in-new-share-sale","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/11\/20\/lenskarts-valuation-could-rise-20-to-6-billion-in-new-share-sale\/","title":{"rendered":"Lenskart&#8217;s valuation could rise 20% to $6 billion in new share sale"},"content":{"rendered":"<p>Initial public offering (IPO)-bound Lenskart&#8217;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. <\/p>\n<p>The company previously raised $200 million from Fidelity Management &amp; 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.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Initial public offering (IPO)-bound Lenskart&#8217;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 &amp; 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.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[9,34,4],"tags":[],"class_list":["post-878487","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-it-2-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/878487","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=878487"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/878487\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=878487"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=878487"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=878487"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}