Lenskart acquires majority stake in eyewear brand Owndays in $400 million deal

India’s Lenskart is buying a majority stake in Japan’s Owndays, the two firms said, creating one of Asia’s biggest online retailers of eyewear. The firms did not disclose the financial terms of the deal, but a person familiar with the matter said the merger values 32-year business Owndays at $400 million.
The 12-year-old Bengaluru-headquartered startup is buying Owndays’ shares from L Catterton, Mitsui and Principal Investments, the two firms said. Owndays co-founders Shuji Tanaka Take Umiyama will continue to be shareholders and lead the management team at the Japanese firm.
The deal wi

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