By Consultants Review Team
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.