Consultants Review Team
Abu Dhabi Investment Authority (ADIA), which is Sovereign wealth fund is in advance talks with Indian eyewear retailer Lenskart for an investment of up to $350 million to $400 million at a $4.5 billion valuation, as reported on Monday to a renowned media house.
As per the report, secondary sale of shares with a small primary round consisting of growth equity will be completed in most times by the investment.
The report stated that the company has raised total funding of $1.05 billion over 19 rounds which is not yet finalised and investor will dilute and by how much.
Once the investment is completed, the investment company will give ADIA a nearly 10 percent stake in the eyewear retailer.