Fidelity marks up Lenskart valuation by 12% to $5.6B just months after investment

Quick Summary:

US-based Fidelity Management and Research Company was part of the $200-million secondary investment in Lenskart in June this year.

Fidelity has also invested in companies like Meesho and Pine Labs. It also holds investments in listed players like Zomato, MakeMyTrip, and JD.com.

The eyewear retailer more than doubled its operating revenue to Rs 3,788 crore in FY23 and managed to narrow its loss to Rs 64 crore from Rs 102 crore in FY22.

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Article Details

Author / Journalist: Akshita Toshniwal

Category: StartupsEconomyBusiness

Markets: IndiaSingapore

Topics: Investment Information Fidelity Policy Valuation Crore Company Lenskart Privacy Million Marks

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-05 @ 14:52:54 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 204 words

Reading Time: 2 minutes read

Sentences: 14 lines

Sentence Length: 15 words per sentence (average)

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Copyright Owner: © YourStory

News ID: 23433588

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