Lenskart’s early backers Premji Invest, Kedaara Capital, TR Capital & SoftBank looking for partial exit

D2C eyewear unicorn Lenskart’s early backers including Premji Invest, Kedaara Capital, TR Capital, and SoftBank, plan to exit the startup in part through its $400 million funding round.

According to sources cited in the Mint report, the above investors intend to sell a portion of their Lenskart stakes to Abu Dhabi Investment Authority (ADIA), which is participating in Lenskart’s $400 million round. The $400 million funding round will include approximately $100 million in primary funding. Lenskart’s valuation will be reduced to around $3.7 billion following the round.