Temasek sells $204M Lenskart stake as early backers cash out post-IPO
What's the deal? Temasek-backed MacRitchie Investments has sold a 2.05% stake in eyewear retailer Lenskart Solutions for Rs 1,940 crore ($204 million) through open market transactions. The Singapore investor divested 3.56 crore shares on July 10, cutting its direct holding to 2.21% from 4.26%, according to a July 14 exchange filing.
The numbers: The estimated Rs 1,940 crore value is based on Lenskart's July 10 closing price of Rs 544. Temasek still holds 4.75% through MacRitchie and affiliated entities Jongsong Investments and V-Sciences Investments, down from 6.80%.
Why now? Early investors have kept trimming their holdings since Lenskart's listing. In June 2026, SoftBankDealroom has a profile for this one. Try Dealroom → exited a 3.25% stake for Rs 2,873 crore, while ADIADealroom has a profile for this one. Try Dealroom →-backed Platinum Jasmine A 2018 Trust sold a 2.3% holding for Rs 1,960 crore. Both drew strong institutional demand.
What does Lenskart do? Founded by Peyush BansalDealroom has a profile for this one. Try Dealroom →, Amit ChaudharyDealroom has a profile for this one. Try Dealroom →, and Sumeet Kapahi, the company sells eyewear across online and offline channels. It runs thousands of stores in India and abroad and manufactures products in-house.
The fundamentals: In Q4 FY26, revenue grew 46% year-on-year to Rs 2,516 crore, with a profit of Rs 204 crore. The stock traded near Rs 538.9 midday, giving Lenskart a market capitalisation of Rs 93,639 crore ($9.85 billion).
The signal: A steady run of exits by SoftBank, ADIA, and now Temasek shows early backers locking in returns after a well-received listing — and points to healthy institutional appetite for one of India's few profitable consumer scaleups.
Read more: Entrackr
