Stake sale · Commerce & Consumer Brands

SoftBank sells Lenskart stake worth ₹2,888 crore

By Startup Enthusiast · 22 August 2026

What they do

Lenskart operates a technology-driven retail chain selling eyeglasses, sunglasses, and contact lenses across India and international markets

SoftBank sold a 2.6% stake in the company through a block deal, reducing its total holding to 7.28%

This transaction follows a series of secondary sales by early investors after the company's November 2025 initial public offering

SoftBank Group sold 4.5 crore shares of Lenskart through a block deal on August 24, 2026.
The shares were sold at an average price of ₹641.75 per share.
The total value of this secondary sale transaction reached ₹2,888 crore.
SoftBank's stake in the eyewear retailer decreased from 9.86% to approximately 7.28%.
This sale marks the second major exit for SoftBank since the company's six-month lock-in period ended in May 2026.
Multiple institutional investors, including Societe Generale and various mutual funds, participated as buyers in the transaction.

Lenskart completed its initial public offering in November 2025.
Several early investors have been offloading shares in the public market throughout mid-2026.
The company reported a 43% year-on-year revenue growth to ₹2,714 crore in the first quarter of fiscal year 2027.

Lenskart is a technology-enabled eyewear company focusing on affordable and quality vision care.
The company sells prescription eyeglasses, sunglasses, contact lenses, and various eyewear accessories.
It operates an omnichannel model combining physical retail stores with an online e-commerce platform.
The business maintains a full-stack supply chain to control product quality and distribution.
Lenskart has expanded its international presence and continues to invest in AI-powered eye testing technology.

SoftBank (seller) — A global technology investor and major shareholder in Lenskart.