Private equity firm Kedaara Capital Investment Managers Ltd. is looking to invest at least $100 million in Lenskart Solutions Pvt. Ltd. in a deal valuing the Indian eyewear retailer at $1 billion, The Economic Times of India reported, citing people familiar with the matter.
A secondary deal could be reached with existing investors PremjiInvest and Chiratae Ventures India Advisors Pvt. Ltd. for a portion of their stakes.
Lenskart is also in discussions with SoftBank Vision Fund LP for a primary infusion of about $300 million to $350 million, the publication noted.
