Ratan Tata to exit from IPO-bound startup Lenskart: Report

Ratan Tata to exit from IPO-bound startup Lenskart: Report

Ratan Tata, who invested in eyeglasses startup Lenskart in 2016, is exiting the Delhi-based IPO-bound startup, Entrackr reported. Lenskart’s board passed a special resolution to convert preference shareholdings held by Tata upon receiving his request for liquidation through secondary sale, Entrackr said citing regulatory filings. Tata is said to exit Lenskart with 28x returns.

News Source: Entrackr

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