Skip to content

ADIA Nears Buying $500 Million Stake in India’s Lenskart, Sources Say

  • Investment values eyewear startup at more than $4 billion
  • Firm is profitable, considering IPO within 48 months

Abu Dhabi Investment Authority is nearing a deal to acquire a stake in Indian eyewear startup Lenskart Solutions Pvt. for about $500 million, according to people familiar with the matter.

The Middle Eastern sovereign wealth fund is finalizing an agreement to buy a mix of existing Lenskart shares and new equity, the people said, asking not to be identified as the information is not public. The deal, which would value Lenskart at more than $4 billion, may be announced as early as this week, the people said.