- Lenskart is buying the stakes from L Catterton, Mitsui, and Principal Investments.
- Based on the deal, the acquisition will inform extending the merged brand to 13 Asian markets, including India, Singapore, Thailand, Taiwan, Philippines, Indonesia, Malaysia, and Japan.
- Founded in 1989, Owndays designs and manufactures optical eyewear and operates across 350 shops in Asia including Japan, Singapore, Australia, India, and Hong Kong, with more than 2.5 million pairs in annual sales.
The Brazil-based venture fund, Maya Capital, has raised $100 million in its second fund round, to invest in early-stage deals for startups in Latin America. * The new funding is targeted at 20-30 startups in the region, with 50% earmarked for follow-on funding. * The fund will be deployed as 50% in
GetVantage, a revenue-based financing (RBF) startup based in India, has raised $36 million in its new funding round led by Varanium Nexgen Fintech Fund, DMI Sparkle Fund, Chiratae Ventures, and Dream Incubator Japan. * The fund will help the platform grow its financing solution and embedded finance products, improve its technology
This week's most important technology news and venture capital deals across emerging markets globally from Techloy, all in one place.