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After BigBasket, World Bank’s IFC is going to pump in Rs 170 crore in Lenskart

BI India BureauFeb 23, 2016, 12:57 IST

In an effort to widen its e-tailing portfolio, World Bank’s International Finance Corporation (IFC) is mulling to invest at least Rs 170 crore, or $25 million in Lenskart Solutions.

After investing in BigBasket, IFC is looking to buy minority stake in the online eyewear retailer.

Lenskart raised Rs 60 crore from existing investor, TPG Growth, last year in November taking the valuation of the company to Rs 1,000 crore from Rs 634 crore in December 2014.

Lenskart presently has 90 franchisees in over 50 cities.

(Image: Indiatimes)