| Thursday, 08 March 2018
Lenskart Solutions is undertaking a secondary transaction estimated to value the Faridabad-based company at about Rs 3,000 crore. The deal is the latest example of investors that have, either backed some of India’s most richly-valued startups doubling their positions in the ventures, or joining the investor cap table at a time when there is an abundance of capital, while the deal flow pipeline remains inactive.
Ant Financial, the payments affiliate of the Chinese conglomerate, led a $200 million equity financing round in food delivery and listings company Zomato earlier in February, that saw long-time investor Info Edge dilute its holding worth $50 million in the Gurgaon-based company.
Lenskart over the last 18 months, will see TR Capital and PremjiInvest, the personal investment arm of Wipro Chairman Azim Premji, up their stakes in the seven-year-old company, having agreed to buy shares from IDG Ventures India.
The deal is expected to close by mid-March, according to the sources. It is, however, yet unclear if International Finance Corp, the private sector investment arm of the World Bank, Zurich-based asset management company Adveq and Ronnie Screwvala-founded Unilazer Ventures, the other three investors in the company, are also participating in the deal or not.
In a rerun of an earlier transaction in September 2016, PremjiInvest will, once again, pick up an undisclosed stake from IDG Ventures’ first fund. The earlystage, tech-focused venture capital firm will, however, continue to remain invested in Lenskart from both its funds. The transaction at the time had valued Lenskart at close to Rs 2,000 crore.
Thursday, March 8 2018
Lenskart aims for Rs 3,000 crore valuation with new deal
| Thursday, 08 March 2018
Government of Andhra Pradesh: Agriculture Department – Budget Estimate 2017-18 – Budget Release Order for Rs. 1,48,50,000/- (Rupees One crore Forty eight lakhs Fifty thousands only) – Administrative SanctionMonday, February 19 2018
Tamil Nadu Government : PENSION – Contributory Pension Scheme – Accumulations at the credit of subscribers to the Contributory Pension Scheme (both Employees and Employers Contributions) – Rate of interest for the financial year 2017-2018Saturday, February 17 2018
Tripura State Government: Pre-planned attack launched by IPFT(NC) group miscreants on Sri Ramendra Debbarma, CPI(M) candidate for 12-Takarjala (ST) constituency and CPI(M) Local Committee office at TakarjalaWednesday, February 14 2018
Finance Department – Loans and Advances – House Building Advance – Sanctioned to Sri K.Adinarayana, Deputy Secretary to Government, Finance Department towards H.B.A.(Site-cum-Construction) – Release of 2nd instalment – Sanctioned – Orders – IssuedThursday, February 8 2018
Tamil Nadu State Government News : PENSION – Contributory Pension Scheme – Accumulations at the credit of subscribers to the Contributory Pension Scheme (both Employees and Employers Contributions) – Rate of interest for the financial year 2017-2018Friday, February 2 2018
Statutory Boards/State Transport Undertakings – Payment of Adhoc Bonus to the employees in ‘C’&’D’ groups in Statutory Boards and Pongal Prize to Pensioners/Family Pensioners of Statutory Boards/State Transport UndertakingsFriday, February 2 2018