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

YourStory LogoYourStory11h ago

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

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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Fidelity marks up Lenskart valuation by 12% to $5.6B just months after investment - YourStory (Picture 1)Fidelity marks up Lenskart valuation by 12% to $5.6B just months after investment - YourStory (Picture 2)

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Article Details

Author / Journalist: Akshita Toshniwal

Category: StartupsEconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

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

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 204 words

Reading Time: 2 minutes read

Sentences: 15 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © YourStory

News ID: 23433588

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About YourStory

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Main Topics: StartupsEconomyBusiness

Official Website: yourstory.com

Update Frequency: 16 posts per day

Year Established: 2008

Headquarters: India

News Last Updated: 9 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #44

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