ADIA invests $500 million in Lenskart

Lenskart has signed a definitive agreement to raise $500 million from the Abu Dhabi Investment Authority, they said Wednesday, at the height of the market slump as the Indian eyewear retailer bulks up its offerings and scales to international markets.
The investment, an extension to last year’s round, helps the startup retain its $4.5 billion valuation. ADIA’s investment includes some secondary purchase of shares, the startup said.
The 12-year-old Indian eyewear startup, which counts SoftBank and Alpha Wave Global among its backers, sells eyeglasses, sunglasses, contact lenses and other eyewea

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