Abu Dhabi Investment Authority invests 500 million dollars in Lenskart

This investment is an extension of last year's funding round and allows the startup to maintain its 4.5bn dollars valuation.

As part of its investment, ADIA has acquired some of the early investors of Lenskart's shares in a secondary transaction.

A data analytics platform called Tracxn claims that Lenskart has so far raised 1.5 billion dollars in primary and supplemental investment rounds.

Over the past 12 years, the emerging Indian eyewear company, backed by SoftBank and Alpha Wave Global, has become one of the largest eyewear players in India by offering affordable prices for premium eyewear and other eyewear products while while undermining competition.