World Bank arm IFC eyes Rs 170-crore investment in Lenskart – Feedback

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.

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