SoftBank, the Japanese investment giant, offloaded part of its holdings in Indian eyewear retailer Lenskart Solutions. The company sold a 3.25% stake, raising around ₹2,873 crore ($300 million), according to data from the National Stock Exchange.
The sale indicates that SoftBank, while continuing to remain a key shareholder, is monetizing part of its mature investments and reallocating capital within its portfolio. It is another example of a major investor partially cashing out from rapidly growing technology companies in India.
The stake sale was carried out by SVF II Lightbulb (Cayman), an affiliate of SoftBank’s Vision Fund. Under the deal, SoftBank sold 56.5 million shares of Lenskart at ₹508.55 per share, resulting in total proceeds of ₹28.73 billion. The selling price was approximately 3% lower than Lenskart’s previous closing price.
Despite the transaction, SoftBank continues to remain a significant shareholder in Lenskart. Prior to the deal, the firm held around 13.13% of the company, according to exchange filings up to March 2026.
The block deal reportedly attracted strong interest from institutional investors, both domestic and international. Major buyers included Fidelity Investments, LACERS, and mutual funds such as ICICI Prudential and Kotak Mahindra.
Founded by Peyush Bansal in 2010, Lenskart has emerged as one of India’s largest eyewear companies. Through a combination of physical retail outlets and online platforms, the company has expanded rapidly across India and into parts of Southeast Asia and the Middle East.
Lenskart has invested heavily in eyewear manufacturing, technology-driven eye testing solutions, and premium product offerings. The company’s business model has attracted backing from major global investors, including SoftBank Group, Temasek Holdings, and the Abu Dhabi Investment Authority.
Lenskart recently released its financial results for the quarter ending March 2026. Although the company reported an almost 9% decline in profit compared to the previous quarter, revenue growth remained robust, rising 46% year-on-year to ₹25.16 billion.
The company’s strong revenue growth reflects continued consumer demand for eyewear products and Lenskart’s expanding customer base. Despite challenges in the retail environment, the company has continued to maintain growth momentum.
Experts note that rapid expansion, investments in new stores and technology, and international growth initiatives may temporarily impact profitability. However, these measures are aimed at strengthening long-term revenue generation.
In addition, Lenskart is increasingly focusing on premium eyewear products, contact lenses, sunglasses, and overseas markets. This reflects the company’s broader strategy of expanding beyond traditional prescription eyewear and building a diversified consumer brand.
Market experts generally view such transactions as a routine part of investment cycles for private equity and venture capital firms. SoftBank invested in Lenskart several years ago and has benefited significantly from the company’s rising valuation.
By selling a portion of its holdings, SoftBank is able to realize gains while still retaining exposure to Lenskart’s future growth potential.
Importantly, the participation of large institutional investors through the block deal may further strengthen Lenskart’s shareholder base and improve stock liquidity. The transaction also highlights continued investor interest in India’s fast-growing technology and retail sectors.
SoftBank’s ₹2,873 crore stake sale in Lenskart marks a significant transaction but does not indicate a complete exit from the company. Instead, it reflects the firm’s strategy of monetizing mature investments while maintaining confidence in Lenskart’s long-term growth prospects.
With strong revenue growth, expanding international operations, and rising institutional investor interest, Lenskart continues to strengthen its position in the eyewear and retail market. As the company expands its omnichannel retail network, market participants will closely monitor its ability to sustain growth and convert rising revenues into long-term profitability.
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