SoftBank sold a 3.25 per cent stake in Lenskart for Rs 2,873 crore through a block deal, reducing its holding to 9.88 per cent as it continues to monetise one of its most successful India investments
Technology investor SoftBank Group has reduced its holding in eyewear retailer Lenskart Solutions, selling a 3.25 per cent stake for Rs 2,873 crore through a block deal.
According to data available on the National Stock Exchange (NSE), SoftBank affiliate SVF II Lightbulb (Cayman) sold 5.65 crore shares at an average price of Rs 508.55 apiece. Following the transaction, SoftBank’s stake in Lenskart declined to 9.88 per cent from 13.13 per cent.
The deal saw participation from a mix of domestic and foreign institutional investors, including WhiteOak Capital Mutual Fund, Mirae Asset Mutual Fund, Kotak Mutual Fund, Canara Robeco Mutual Fund, ICICI Prudential Mutual Fund, HDFC Life Insurance Company, ICICI Prudential Life Insurance, Societe Generale, Metzler Asset Management, Goldman Sachs, Fidelity, Copthall Mauritius Investment, International Monetary Fund and Dendana Investments (Mauritius).
Continues Stake Monetisation
The latest transaction marks another step in SoftBank’s gradual monetisation of its investment in Lenskart, one of the most valuable consumer technology companies to emerge from India’s startup ecosystem.
SoftBank had partially monetised its investment before Lenskart’s public listing. In 2023, the company participated in a USD 600 million secondary transaction involving Abu Dhabi Investment Authority and ChrysCapital at a valuation of USD 4.2 billion. Market reports at the time indicated that a significant portion of the transaction comprised secondary share sales by existing investors.
The investor further reduced its exposure during Lenskart’s initial public offering (IPO) in November 2025, selling shares worth Rs 1,026 crore through the offer-for-sale route.
Industry estimates suggest SoftBank invested approximately USD 250 million-USD 280 million in Lenskart across multiple funding rounds. Even after the latest transaction, the investor continues to hold a sizeable stake in the company.
Startup Exit Momentum
The deal comes amid increasing liquidity opportunities for venture capital and growth investors through India’s public markets. Several startup backers have partially exited investments following initial public offerings and the expiry of lock-in periods over the past year.
The trend reflects the growing maturity of India’s startup ecosystem, where public listings are increasingly providing exit avenues for long-term investors while enabling companies to access broader pools of capital.
Profit Dips, Revenue Rises
The stake sale follows Lenskart’s March-quarter earnings, where the company reported a 7.5 per cent year-on-year decline in consolidated profit after tax (Pat) to Rs 203.6 crore from Rs 220.1 crore in the corresponding quarter last year, largely due to higher expenditure on components and inventories.
Revenue from operations, however, rose 45.62 per cent year-on-year to about Rs 2,516 crore during the quarter, compared with Rs 1,728 crore a year earlier, indicating continued demand growth across its business.
The latest share sale underscores sustained investor interest in Lenskart even as early backers continue to unlock value from their investments through public market transactions.
