Fidelity raises Lenskart's valuation to $6.1 billion as the eyewear startup prepares to go public with a $1 billion raise and a target valuation of $10 billion

US financial services major Fidelity has reportedly increased its estimated valuation of eyewear startup Lenskart to $6.1 billion, according to its latest monthly portfolio disclosure. The move comes as Lenskart gears up for an initial public offering (IPO), with plans to raise up to $1 billion at a targeted valuation of $10 billion. The company reportedly took a key step toward that goal recently by converting its parent entity from a private limited to a public limited company.....

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Via business-standard.com