Lenskart becomes India's latest unicorn with $231m funding from SoftBank

Eyewear displayed. Photo: Scott Van Daalen/unsplash

After months of speculation, Indian eyewear retailer Lenskart Solutions Private Limited has raised about $231 million (1,645 crore) in its Series G round of funding from Japanese behemoth SoftBank Group Corp.

Lenskart passed a board resolution on 12 December 2019 approving the allotment of 22,976,465 Series G compulsorily convertible cumulative preference shares (CCCPS) to SVF II (Cayman Islands) Lightbulb, a Cayman Islands-based entity that appears to be an investment vehicle of SoftBank Vision Fund (SVF), according to business signals platform paper.vc.

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