Softbank-backed Lenskart to acquire Owndays form L Catterton and Mitsui for $400m.

Softbank-backed Lenskart, an Indian startup, agreed to acquire Owndays, a Japanese eyewear brand, form L Catterton, a private equity firm, and Mitsui, a general trading company, for $400m. “With Owndays, we move a step closer to democratising eyewear. I see Lenskart and Owndays sharing the same set of values—centred around enriching customers’ lives, caring for people in our communities, as well as continuous learning, and we also have very complementary skill sets. There is much we can achieve together which will be greater than the sum of its parts,” Peyush Bansal, Lenskart Co-Founder, and Group CEO.