Avendus Capital is said to be advising Lenskart on the transaction. Interestingly, in a climate where entrepreneurs are courting investors, Lenskart transaction is being driven by inbound interest. "People want to put more money in the company, and they (PremjiInvest) come with a big cheque book. "As a policy, we don't comment on our investments," said Prakash Parthasarathy, chief investment officer at PremjiInvest. The back-to-back rounds of funding will make Lenskart one of the most well funded online retailers this year with close to Rs 600 crore raised.

Source: Economic Times August 22, 2016 03:13 UTC