PremjiInvest has bought $20.4m of shares in the eyewear retailer from IDG Ventures India and invested a further $9.6m at a $270m valuation.
Investment firm PremjiInvest has bought about Rs 2bn ($30m) of stock in India-based eyewear seller Lenskart, in a deal that will give a partial exit to IDG Ventures India, the Economic Times reported yesterday.
IDG Ventures India, a venture capital affiliate of media and events firm International Data Group, sold $20.4m of shares to Premjinvest, which invested the rest in newly issues shares at a $270m valuation through its PI Opportunities Fund-II vehicle.
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