World Bank arm International Finance Corporation (IFC) is looking to invest up to $25 million or Rs 170 crore in online eyewear retailer Lenskart Solutions according to a disclosure on the firm’s website, as it aims to broaden its etailing portfolio. The potential transaction is part of the new capital raise by the Delhi-based company, which is pegged at $50 million or Rs 340 crore.

IFC, which plans to pick up a minority stake in Lenskart, has also recently invested a similar amount in online grocery retailer BigBasket. Lenskart is currently in talks with other new investors for the round, valuation for which could not be immediately ascertained.

http://economictimes.indiatimes.com/industry/services/retail/world-bank-arm-ifc-eyes-rs-170-crore-investment-in-lenskart/articleshow/51098415.cms

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