SoftBank offloads Lenskart shares worth Rs 2,873 Cr in block deal
- ByStartupStory | June 8, 2026
Japanese investment giant SoftBank has sold shares worth Rs 2,873 crore in eyewear retailer Lenskart through a large block deal, continuing its partial exit from the company after its public listing.
According to stock exchange data, SoftBank’s affiliate SVF II Lightbulb (Cayman) sold 5.65 crore shares. This represents around 3.25% stake in Lenskart, at a price of Rs 508.55 per share and the transaction was valued at approximately Rs 2,873 crore (around $300 million).
Several domestic and global institutional investors participated in the deal, including Goldman Sachs, Fidelity, WhiteOak Capital, and Quant Mutual Fund, among others.
SoftBank was one of Lenskart’s largest shareholders before the company went public. The investor had also sold a portion of its holding through the offer-for-sale (OFS) route during the company’s IPO. The latest transaction comes after the expiry of the mandatory lock-in period for pre-IPO shareholders.
Founded by Peyush Bansal, Amit Chaudhary, and Sumeet Kapahi, Lenskart has a presence across online and offline channels. The company operates thousands of stores across India and international markets while also manufacturing eyewear products through its in-house facilities.
The latest stake sale appears to be a profit-booking exercise by SoftBank rather than a complete exit. Even after the transaction, the investor continues to hold a significant stake in the company.
During its latest quarterly results (Q4 FY26), the company posted 46% year-on-year growth in its revenue to Rs 2,516 crore with a profit of Rs 204 crore.
The shares of Lenskart are currently traded at Rs 516 (as of 10:40 AM), giving it a total market capitalization of Rs 89,753 crore.
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