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Temasek, Fidelity may invest $200 million in Lenskart at $5 billion valuation

CFO News

This round would take homegrown eyewear company Lenskart's valuation to over three times that of Warby Parker, a New York-based online retailer for spectacles and contact lens. Warby Parker listed on the NYSE late in 2022 and has a market capitalisation of around $1.55

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'Reliance Retail independently valued at $92-96 billion'

CFO News

Reliance Retail, owned by Mukesh Ambani, the richest man in Asia, has been given a valuation of between $92 billion and $96 billion by independent consultants, EY and BDO. Reliance Retail Ventures, which includes both the core retail business, and Ambani's consumer goods business, raised $5.72

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ADIA looks to put $600 million into RIL's retail business

CFO News

Abu Dhabi Investment Authority (ADIA) is reportedly looking to invest $600 million in Mukesh Ambani's retail empire, Reliance Retail Ventures (RRVL), at valuations significantly higher than those in the previous round three years ago. ADIA already holds a 1.2% stake in RRVL, alongside other investors such as KKR and Qatar.

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Instacart?s New Funding Round Gets $14B Valuation

PYMNTS

Instacart ‘s valuation is now almost $14 billion after a new funding round, the company announced in a press release. The company’s valuation is now $13.7 The round raised $225 million and was led by DST Global and General Catalyst. Existing investor D1 Capital Partners contributed as well. billion, the release states.

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Future Retail's creditors extend voting timeline on SpaceMantra's bid to Sept 30

CFO News

The committee of creditors (CoC) for Future Retail (FRL) has extended the voting period once again as they are undecided on whether to approve a low offer from SpaceMantra or opt for liquidation. Lenders are uncomfortable with the offer and have raised concerns about valuations and the inaccessible nature of many FRL stores.

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Instacart Raises $271M On $7.8B Valuation

PYMNTS

billion valuation, the publication said. Last month, it was revealed that Instacart raised $600 million, giving it a valuation of $7.6 At that time, the company had a valuation of $4.35 We want to make grocery shopping effortless by helping our customers get the groceries they need from the retailers they love.

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RIL may sell 8-10% more in Rel Retail ventures to fund expansion

CFO News

Reliance Industries is considering selling an additional 8-10% stake in Reliance Retail Ventures Ltd (RRVL) to raise funds for expansion and debt retirement before its planned IPO.

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