SoftBank Generates 7x Return on Lenskart Stake, Reaps Rs 2,873 Crore

SoftBank Books Seven-Fold Return on Lenskart Investment After Block Deal Sale

SoftBank, the Japanese technology investment giant, has recorded a significant return on its investment in Lenskart, a leading eyewear retailer, after selling shares worth Rs 2,873.3 crore through block deals on June 3. According to exchange data and calculations, the sale represents a roughly seven-fold return on part of the investor's initial stake in the company.

The sale involved SVF II Lightbulb (Cayman), an affiliate of SoftBank, which sold 5.65 crore shares, representing a 3.25 percent stake in Lenskart, at Rs 508.55 apiece. This transaction reduced SoftBank's holding in the company to 9.88 percent, down from 13.13 percent as of March 2026.

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The sale marks one of the largest secondary transactions involving a new-age technology company in recent months, allowing SoftBank to monetise a portion of one of its most successful India investments while retaining significant exposure to the company. SoftBank first invested in Lenskart in 2021, backing the Peyush Bansal-led eyewear retailer as it accelerated both its online and offline expansion.

Since then, Lenskart has grown into one of India's largest omnichannel consumer brands, expanded internationally, and completed its stock market debut. Despite the size of the sale, the transaction was absorbed by a broad set of global and domestic institutional investors, highlighting continued investor appetite for the stock.

The wide participation from institutional investors suggests that demand comfortably absorbed the overhang created by SoftBank's stake sale. Large block transactions are often closely watched by public market investors as they provide an indication of both existing shareholder appetite to monetise holdings and institutional demand for the stock.

Following the transaction, SoftBank remains one of Lenskart's largest shareholders with a 9.88 percent stake. The sale therefore represents a partial monetisation rather than a broader exit from the company. For SoftBank, the transaction adds to a growing list of monetisation events across its India portfolio as several technology-backed companies transition from private markets to public ownership.

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