Abu Dhabi invests $500M in India’s Lenskart

The omnichannel eyewear unicorn Lenskart has signed a contract with (ADIA) Abu Dhabi Investment Authority to raise $500 million from the authority.

The investment is an extension to last year’s funding round, helping Lenskart to maintain its



$4.5 billion valuation.

According to the company, the capital will be used to expand it's presence in Asia and Middle East.

ADIA’s investment includes some secondary purchase of shares from some early backers of Lenskart.