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Stake sale · Commerce & Consumer Brands

Temasek sells 2.05% stake in Lenskart for ₹1,940 crore

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Lenskart logo
Date
Company
Lenskart
What it does
Omnichannel eyewear retailer
Kind
Stake sale
Amount
₹1,940 crore
Stage
public
Sector
Commerce & Consumer Brands

What they do

Lenskart sells prescription eyeglasses, sunglasses, contact lenses and accessories online and in stores

What happened

Temasek sold 3.56 crore shares via MacRitchie Investments at ₹544 each, reducing its combined stake to 4.75%

Why it matters

The company reported 46% year-on-year revenue growth in Q4 FY26, with adjusted profit up 7.5%

The details

  • Temasek sold a 2.05% stake in Lenskart through its investment vehicle MacRitchie Investments.
  • The stake was valued at ₹1,940 crore ($204 million), based on Lenskart's closing price of ₹544 on 10 July 2026.
  • Temasek sold 3.56 crore (35.7 million) equity shares on 10 July.
  • MacRitchie's direct holding fell to 2.21% from 4.26%.
  • Temasek's combined interest across all entities dropped to 4.75% from 6.8%.
  • Lenskart listed on the stock market in November 2025.
  • Earlier in May and June 2026, other investors including SoftBank, ADIA and KKR-backed entities also sold large stakes.

The bigger picture

  • Temasek first invested in Lenskart in July 2021, leading a $220 million round at a $2.5 billion valuation.
  • The company reported adjusted profit of ₹203.6 crore, down 7.5%.
  • In May 2026, TR Capital, KKR-backed Birdseye View Holdings, Alpha Wave Ventures and ABG Capital sold 6.46% for ₹53.14 billion.
  • In June 2026, a SoftBank entity sold 3.25% for ₹28.73 billion, and ADIA-backed Platinum Jasmine A 2018 Trust sold 2.3% for ₹19.6 billion.

About the business

  • Lenskart is an omnichannel eyewear retailer selling prescription eyeglasses, sunglasses, contact lenses and accessories.
  • It sells through digital platforms and physical stores in India and overseas.
  • The company manufactures eyewear through in-house facilities.
  • Its brands are designed to be aspirational for wide customer segments.
  • As of end FY26, Lenskart had 3,327 active stores.
  • Its market capitalisation was ₹93,639 crore ($9.85 billion) as of 14 July 2026.

The deal

Type
stake-sale

Investors

  • Temasek (seller) — Singaporean investment company that first invested in Lenskart in July 2021.

Founders

  • Peyush Bansal, Founder
  • Amit Chaudhary, Founder
  • Sumeet Kapahi, Founder

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