Avendus Capital advises KKR, TR Capital, ABG Capital and Alpha Wave on a USD 604 mn stake sale in Lenskart Solutions

We are delighted to have partnered with KKR, TR Capital, ABG Capital and Alpha Wave on this landmark transaction. It has been a privilege to continue our association with Lenskart beyond its listing and support the company’s public markets journey. We facilitated a structured, multi-shareholder sale, enabling an efficient sell-down for shareholders. The deal was significantly scaled post launch on the back of strong, high-quality institutional demand, including significant US interest and new names entering the book. Its successful execution at tight pricing, despite a challenging market backdrop, is yet another testament to the strong institutional support for Lenskart, as well as Avendus’ ability to deliver scale, high-quality solutions and strong execution outcomes.

Lenskart has been one of India’s most defining consumer-tech success stories, and we are delighted to further strengthen our decade-long relationship with the company and its shareholders. Over the years, the business has consistently demonstrated category leadership, execution excellence, and a truly differentiated omnichannel model at scale. The continued interest from marquee public market investors is a strong reflection of the confidence in Lenskart’s long-term growth & profitability potential, as well as its global ambitions. We remain excited about the company’s journey ahead as it continues to redefine the eyewear category globally.