The eyewear retailer raised the series G funding from SoftBank Vision Fund at a $1.5bn valuation following several secondary deals in the past three years.

Internet and telecommunications group SoftBank has provided $231m in series G funding for India-based online eyewear retailer Lenskart, Business Insider India reported today, citing financial intelligence provider Paper.vc.

The deal valued Lenskart at $1.5bn and came in the wake of a $55m investment by private equity firm Kedaara Capital in September this year, reportedly in the form of a secondary deal in which existing backers PremjiInvest and Chiratae Ventures sold shares.

The $231m figure was reported by several outlets including…

Robert Lavine

Robert Lavine is special features editor for Global Venturing.