Retail
Lenskart sees ₹2,391 crore block deal as investor exits 2%
Secondary sale signals continued private-market interest even as the eyewear chain keeps adding stores in tier-2 cities.
Meera Iyer, Retail correspondent··4 min read
A ₹2,391 crore block deal hit Lenskart shares on 29 September as Platinum Jasmine A 2018 Trust exited about 2 per cent. The deal follows prior secondary sales and comes against a backdrop of steady store additions and revenue growth in recent quarters.
Optical shop owners in tier-2 towns feel the heat when Lenskart opens a new format nearby; a family-run lens counter in Indore loses walk-ins to the chain’s eye-test volume and app-led repeat purchases. Store expansion remains the core growth lever.
Lenskart’s ₹2,391 crore block deal lets one investor exit 2% on secondary market.
The exit helps early investors book gains while leaving room for new institutions. It neither helps nor hurts pure online eyewear players as much as it validates the omni model against unorganised opticians.
Watch the next quarterly store-add number and any fresh PE or IPO-related filing in the coming months.