By using this site, you agree to the Privacy Policy and Terms of Use.
Accept

Theindiabizz

Startup and Entrepreneurship Stories, as well as a Leadership Story

  • Explore
    • India
    • Business
    • Venture capital
    • Private equity
    • Product Roadmap
  • News
    • Market
    • acquisition
    • Funding
    • energy
    • Automobile
  • Industry
    • Beauty Sector
    • Entertainment
    • Hotel Industry
    • Enterprise IT
    • Property
    • Consumer Internet
    • Tech
    • E commerce
    • Agency
    • Edtech startup
    • Banking Sector
  • Health
  • Leadership
Search
More
  • Her Story
  • Interview
  • Art And Culture News
  • Women Power
  • cryptocurrency
  • current affairs
  • Investor Pitch Deck
  • List of Indian VCs
  • List Of Investors In India
  • pr-newswire
  • Press release
  • Raise fund
  • Submit Startup
  • Government
  • Economy
  • Entertainment
  • Sport
  • Property
Reading: Ratan Tata is exiting Lenskart with returns of almost five times the investment
Share
Notification Show More
Latest News
Spectacom Global has successfully raised Rs 11 crore in pre-Series A funding
Spectacom Global has successfully raised Rs 11 crore in pre-Series A funding
June 2, 2023
How to clean and maintain Your Nebulizer?
How to clean and maintain Your Nebulizer?
May 31, 2023
Reliance, led by Ambani, sets its sights on the Indian fashion e-commerce market with an affordable and cost-effective model.
Reliance, led by Ambani, sets its sights on the Indian fashion e-commerce market with an affordable and cost-effective model.
May 28, 2023
XFlow has secured a remarkable $10.2M in pre-Series A funding
XFlow has secured a remarkable $10.2M in pre-Series A funding
May 28, 2023
Pre-seed funding secured by Ticket 9, an event tech startup
Ticket 9, an event tech startup, has raised $120K in pre-seed funding
May 28, 2023
Aa
TheindiabizzTheindiabizz
Aa
  • Business
  • Politics
  • Funding
  • Health
  • Science
  • Fashion
  • acquisition
  • Agency news
  • Beauty Sector
Search
  • Explore
    • India
    • Business
    • Venture capital
    • Private equity
    • Product Roadmap
  • News
    • Market
    • acquisition
    • Funding
    • energy
    • Automobile
  • Industry
    • Beauty Sector
    • Entertainment
    • Hotel Industry
    • Enterprise IT
    • Property
    • Consumer Internet
    • Tech
    • E commerce
    • Agency
    • Edtech startup
    • Banking Sector
  • Health
  • Leadership
Have an existing account? Sign In
Follow US
Ratan Tata is exiting Lenskart with returns of almost five times the investment
Funding

Ratan Tata is exiting Lenskart with returns of almost five times the investment

Editor Desk
By Editor Desk Published March 7, 2021
Last updated: 2021/03/07 at 2:17 PM
Share
SHARE

Indian billionaire businessman Ratan Tata, who is also known for his investments in the country’s burgeoning startup ecosystem, is reportedly set to make an exit from one of the companies with a massive profit.

According to an Entrackr report, Tata will see a 28 times return on his investment of ₹10 lakh in eyewear retailer Lenskart from 2016. However, sources close to Tata have confirmed to Business Insider that the return on his investment would be 4.6 times.

Tata has investments in over 20 Indian startups in his personal capacity including the likes of Ola, Ola Electric, Cure. fit, FirstCry, Urban Company. According to Hurun Rich List, Tata’s net worth is ₹6000 crore.

The Entrackr report said that Tata’s stake in the company, the details of which is not known, will be taken over by an existing investor in the startup.

- Advertisement -

The startup, which became a unicorn (a firm with a valuation of over a billion dollars) in December 2019 after a $231 million investment from Japanese firm SoftBank, is also reportedly headed for an initial public offering (IPO). It is also backed by investors including Kedaara Capital, Premji Invest, Chiratae Ventures among others.

Business Insider tried reaching Lenskart for comments on the story. The copy will be updated with their responses if and when we receive the same.

Founded in 2008, by Peyush Bansal, Sumeet Kapahi and Amit Chaudhary, Lenskart had rapidly expanded with multiple stores. It has over 535 stores across the country.

Lenskart which has had its fair share of troubles along the way with losses mounting, had recently turned profitable.

YearProfit/Loss
FY16-₹113 crore
FY17-₹263 crore
FY18-₹118 crore
FY19-₹27.8 crore
FY20+₹17.7 crore
5
0
0