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Pine Labs, Lenskart raise funds

As compared to the last week, India’s startup ecosystem witnessed bigger funding rounds. Digital payment start-up Pine Labs and omni channel eye wear retailer Lenskart were among the startups that bagged funds this week. 

Payments solutions provider Pine Labs has secured $285 million in new funding from public market crossover investors, including Marshall Wace, Baron Capital Group, Duro Capital.

Lenskart is expected to be valued at $2.5 billion once the funding round closes. The investment will be through its Asian private equity fund, KKR said, adding it would help Lenskart expand operations globally. Lenskart is eyeing Singapore, Middle East and the United States for growth.

Source: Economic Times

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