Alpha Wave Ventures II Plans $137 Million Stake Sale in Lenskart
· Business · Moneycontrol
Alpha Wave Ventures II is initiating a block deal to sell a 1.2% stake in the eyewear retailer Lenskart. The transaction is valued at approximately Rs 1,313 crore, or $137 million. This move allows the investor to partially exit its position in the company. Lenskart, which operates as a major omnichannel retailer in India, has seen significant growth in its valuation over recent funding rounds.
Why it matters
The stake sale represents a significant liquidity event for a major private equity investor in one of India's most prominent unicorn startups. It reflects the ongoing secondary market activity within the Indian startup ecosystem as early-stage investors seek to realize returns on their capital.
Read the original report — Moneycontrol
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