Lenskart, a big Indian optical retail chain with more than 500 stores in the country, is expected to be valued at 82,000 million rupees (€1.06bn-$1.16bn) when it finalizes a new funding round. The private equity firm Kedaara Capital is due to provide 3,920 million rupees (€50.6m-$55.3m) to the group by purchasing 6,000,000 newly issued preference shares at 638 rupees each. Kedaara Capital could purchase additional Lenskart shares from existing shareholders. SoftBank of Japan is said to be also in talks to invest in Lenskart. The proceeds will help finance the planned international expansion of the fast-growing Indian retail company, which was founded in 2008. So far, the company has raised over 8,500 million rupees (€110m-$120m) in primary capital.

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