SoftBank has executed a significant stake reduction in Lenskart Solutions, selling shares worth approximately ₹2,873 crore through a block deal. The affiliate, SVF II Lightbulb (Cayman), divested 5.65 crore shares at a price of ₹508.55 each, attracting a diverse group of institutional investors, including major players like Goldman Sachs, Fidelity, and various mutual funds. Lenskart, recognized for its innovative retail model, has been rated a Buy by Elara Capital, which set a target price of ₹615, suggesting a 22% upside from its current valuation. The company boasts impressive store economics, with revenue productivity ranging from ₹25,000-30,000 per square foot and gross margins of nearly 69%. Lenskart's growth trajectory is bolstered by a technology-driven approach to vision care, aiming for 100 million annual eye tests. The retailer has successfully expanded internationally, with overseas operations now accounting for 42% of its revenue, and operates over 600 stores across more than 10 countries.