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Nilekani's Fundamentum closes second fund at $227M, beating $200M target
Growth-stage VC Fundamentum Partnership has raised $227 million for its second fund, more than double its $100 million debut vehicle. The firm, co-founded by Nandan Nilekani, backs Series B/C Indian startups and counts retail names Lenskart, Spinny and Shadowfax in its portfolio — signalling deeper dry powder for late-stage consumer bets.
Moneycontrol · 5/26/2026, 9:47:16 PM
Lenskart Q4 revenue jumps 46% to ₹2,515.7 Cr, but profit dips 7.5% on cost pressure
Eyewear major Lenskart posted a 46% YoY surge in Q4 FY26 revenue to ₹2,515.7 Cr, while net profit slipped 7.5% to ₹203.6 Cr as costs climbed. Full-year FY26 profit rose 69% to ₹500.9 Cr on revenue of ₹8,814 Cr (+33%). The retailer added 183 net new stores, taking its global footprint to 3,327.
Inc42 · Buzz · 5/21/2026, 2:39:22 AM
Lenskart Q4 revenue jumps 46% to ₹2,515.7 Cr; adds 183 stores to hit 3,327 globally
Eyewear major posts FY26 revenue of ₹8,814 Cr (+33%) and PAT of ₹500.9 Cr (+69%), even as Q4 PAT slips 7.5% to ₹203.6 Cr. Aggressive store rollout continues with 183 net additions, taking the global footprint past 3,300 outlets ahead of its IPO push.
Inc42 · 5/21/2026, 2:38:59 AM