{"id":282737,"date":"2023-01-30T17:30:19","date_gmt":"2023-01-30T12:00:19","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=282737"},"modified":"2023-01-30T16:24:58","modified_gmt":"2023-01-30T10:54:58","slug":"state-bank-of-india-series-i1-round-of-investment-in-lenskart-solutions-private-limited","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2023\/01\/30\/state-bank-of-india-series-i1-round-of-investment-in-lenskart-solutions-private-limited\/","title":{"rendered":"Khaitan &#038; Co advises State Bank of India on its participation in Series 1 round of investment in Lenskart Solutions Private Limited"},"content":{"rendered":"<p>&nbsp;<\/p>\n<table style=\"border-collapse: collapse; margin-left: 0.0mm; margin-right: auto; table-layout: auto; width: 200.0mm; border-style: none;\">\n<colgroup>\n<col width=\"1\" \/>\n<col width=\"171\" \/>\n<col width=\"4\" \/>\n<col width=\"90\" \/>\n<col width=\"51\" \/>\n<col width=\"180\" \/>\n<col width=\"183\" \/>\n<col width=\"76\" \/><\/colgroup>\n<tbody>\n<tr>\n<td style=\"vertical-align: top; width: 0.34mm; border-color: #000000; border-style: hidden; padding: 0.0mm;\" colspan=\"1\" valign=\"top\"><\/td>\n<td style=\"vertical-align: top; width: 45.16mm; border-color: #000000; border-style: hidden; padding: 0.0mm;\" colspan=\"1\" valign=\"top\"><\/td>\n<td style=\"vertical-align: top; width: 1.04mm; border-color: #000000; border-style: hidden; padding: 0.0mm;\" colspan=\"1\" valign=\"top\"><\/td>\n<td style=\"vertical-align: top; width: 23.71mm; border-color: #000000; border-style: hidden; padding: 0.0mm;\" colspan=\"1\" valign=\"top\"><\/td>\n<td style=\"vertical-align: top; width: 13.57mm; border-color: #000000; border-style: hidden; padding: 0.0mm;\" colspan=\"1\" valign=\"top\"><\/td>\n<td style=\"vertical-align: top; width: 47.7mm; border-color: #000000; border-style: hidden; padding: 0.0mm;\" colspan=\"1\" valign=\"top\"><\/td>\n<td style=\"vertical-align: top; width: 48.33mm; border-color: #000000; border-style: hidden; padding: 0.0mm;\" colspan=\"1\" valign=\"top\"><\/td>\n<td style=\"vertical-align: top; width: 20.16mm; border-color: #000000; border-style: hidden; padding: 0.0mm;\" colspan=\"1\" valign=\"top\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top; width: 0.34mm; border-color: #000000; border-style: hidden; padding: 0.0mm;\" colspan=\"1\" valign=\"top\"><\/td>\n<td style=\"vertical-align: top; width: 45.16mm; border-color: #000000; border-style: hidden; padding: 0.0mm;\" colspan=\"1\" valign=\"top\"><\/td>\n<td style=\"vertical-align: top; width: 1.04mm; border-color: #000000; border-style: hidden; padding: 0.0mm;\" colspan=\"1\" valign=\"top\"><\/td>\n<td style=\"vertical-align: top; width: 23.71mm; border-color: #000000; border-style: hidden; padding: 0.0mm;\" colspan=\"1\" valign=\"top\"><\/td>\n<td style=\"vertical-align: top; width: 13.57mm; border-color: #000000; border-style: hidden; padding: 0.0mm;\" colspan=\"1\" valign=\"top\"><\/td>\n<td style=\"vertical-align: top; width: 47.7mm; border-color: #000000; border-style: hidden; padding: 0.0mm;\" colspan=\"1\" rowspan=\"2\" valign=\"top\">\n<table style=\"border-collapse: collapse; margin-left: 0.0mm; margin-right: auto; table-layout: auto; width: 47.7mm; border-style: none;\">\n<colgroup>\n<col width=\"180\" \/><\/colgroup>\n<tbody>\n<tr>\n<td style=\"vertical-align: middle; width: 47.7mm; border-color: #000000; border-style: hidden; padding: 1.39mm 1.39mm 0.0mm 0.0mm;\" colspan=\"1\" valign=\"middle\">\n<p class=\"Normal\" style=\"line-height: normal; margin-bottom: 0.0mm; text-align: center;\"><span style=\"font-weight: bold; font-family: Calibri; font-size: 22.0pt;\">DEAL DETAILS<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<td style=\"vertical-align: top; width: 48.33mm; border-color: #000000; border-style: hidden; padding: 0.0mm;\" colspan=\"1\" valign=\"top\"><\/td>\n<td style=\"vertical-align: top; width: 20.16mm; border-color: #000000; border-style: hidden; padding: 0.0mm;\" colspan=\"1\" valign=\"top\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top; width: 0.34mm; border-color: #000000; border-style: hidden; padding: 0.0mm;\" colspan=\"1\" valign=\"top\"><\/td>\n<td style=\"vertical-align: top; width: 45.16mm; border-color: #000000; border-style: hidden; padding: 0.0mm;\" colspan=\"1\" valign=\"top\"><\/td>\n<td style=\"vertical-align: top; width: 1.04mm; border-color: #000000; border-style: hidden; padding: 0.0mm;\" colspan=\"1\" valign=\"top\"><\/td>\n<td style=\"vertical-align: top; width: 23.71mm; border-color: #000000; border-style: hidden; padding: 0.0mm;\" colspan=\"1\" valign=\"top\"><\/td>\n<td style=\"vertical-align: top; width: 13.57mm; border-color: #000000; border-style: hidden; padding: 0.0mm;\" colspan=\"1\" rowspan=\"2\" valign=\"top\">\n<p class=\"Normal\" style=\"line-height: normal; margin-bottom: 0.0mm;\">\n<\/td>\n<td style=\"vertical-align: top; width: 48.33mm; border-color: #000000; border-style: hidden; padding: 0.0mm;\" colspan=\"1\" valign=\"top\"><\/td>\n<td style=\"vertical-align: top; width: 20.16mm; border-color: #000000; border-style: hidden; padding: 0.0mm;\" colspan=\"1\" valign=\"top\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top; width: 0.34mm; border-color: #000000; border-style: hidden; padding: 0.0mm;\" colspan=\"1\" valign=\"top\"><\/td>\n<td style=\"vertical-align: top; width: 45.16mm; border-color: #000000; border-style: hidden; padding: 0.0mm;\" colspan=\"1\" valign=\"top\"><\/td>\n<td style=\"vertical-align: top; width: 1.04mm; border-color: #000000; border-style: hidden; padding: 0.0mm;\" colspan=\"1\" valign=\"top\"><\/td>\n<td style=\"vertical-align: top; width: 23.71mm; border-color: #000000; border-style: hidden; padding: 0.0mm;\" colspan=\"1\" valign=\"top\"><\/td>\n<td style=\"vertical-align: top; width: 47.7mm; border-color: #000000; border-style: hidden; padding: 0.0mm;\" colspan=\"1\" valign=\"top\"><\/td>\n<td style=\"vertical-align: top; width: 48.33mm; border-color: #000000; border-style: hidden; padding: 0.0mm;\" colspan=\"1\" valign=\"top\"><\/td>\n<td style=\"vertical-align: top; width: 20.16mm; border-color: #000000; border-style: hidden; padding: 0.0mm;\" colspan=\"1\" valign=\"top\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top; width: 0.34mm; border-color: #000000; border-style: hidden; padding: 0.0mm;\" colspan=\"1\" valign=\"top\"><\/td>\n<td style=\"vertical-align: top; width: 45.16mm; border-color: #000000; border-style: hidden; padding: 0.0mm;\" colspan=\"1\" valign=\"top\"><\/td>\n<td style=\"vertical-align: top; width: 1.04mm; border-color: #000000; border-style: hidden; padding: 0.0mm;\" colspan=\"1\" valign=\"top\"><\/td>\n<td style=\"vertical-align: top; width: 23.71mm; border-color: #000000; border-style: hidden; padding: 0.0mm;\" colspan=\"1\" valign=\"top\"><\/td>\n<td style=\"vertical-align: top; width: 13.57mm; border-color: #000000; border-style: hidden; padding: 0.0mm;\" colspan=\"1\" valign=\"top\"><\/td>\n<td style=\"vertical-align: top; width: 47.7mm; border-color: #000000; border-style: hidden; padding: 0.0mm;\" colspan=\"1\" valign=\"top\"><\/td>\n<td style=\"vertical-align: top; width: 48.33mm; border-color: #000000; border-style: hidden; padding: 0.0mm;\" colspan=\"1\" valign=\"top\"><\/td>\n<td style=\"vertical-align: top; width: 20.16mm; border-color: #000000; border-style: hidden; padding: 0.0mm;\" colspan=\"1\" valign=\"top\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top; width: 0.34mm; border-color: #000000; border-style: hidden; padding: 0.0mm;\" colspan=\"1\" valign=\"top\"><\/td>\n<td style=\"vertical-align: top; width: 199.67mm; border-color: #000000; border-style: hidden; padding: 0.0mm;\" colspan=\"7\" valign=\"top\">\n<table style=\"border-collapse: collapse; margin-left: 0.16mm; margin-right: auto; table-layout: auto; width: 198.84mm; border-style: none;\">\n<colgroup>\n<col width=\"751\" \/><\/colgroup>\n<tbody>\n<tr>\n<td style=\"background-color: #d3d3d3; vertical-align: top; width: 198.84mm; padding: 0.69mm; border: 0.85pt solid #000000;\" colspan=\"1\" valign=\"top\">\n<p class=\"Normal\" style=\"line-height: normal; margin-bottom: 0.0mm;\"><span style=\"font-weight: bold; font-family: Calibri; font-size: 11.0pt;\">State Bank of India | Series I1 round of investment in Lenskart Solutions Private Limited<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top; width: 0.34mm; border-color: #000000; border-style: hidden; padding: 0.0mm;\" colspan=\"1\" valign=\"top\"><\/td>\n<td style=\"vertical-align: top; width: 45.16mm; border-color: #000000; border-style: hidden; padding: 0.0mm;\" colspan=\"1\" valign=\"top\"><\/td>\n<td style=\"vertical-align: top; width: 1.04mm; border-color: #000000; border-style: hidden; padding: 0.0mm;\" colspan=\"1\" valign=\"top\"><\/td>\n<td style=\"vertical-align: top; width: 23.71mm; border-color: #000000; border-style: hidden; padding: 0.0mm;\" colspan=\"1\" valign=\"top\"><\/td>\n<td style=\"vertical-align: top; width: 13.57mm; border-color: #000000; border-style: hidden; padding: 0.0mm;\" colspan=\"1\" valign=\"top\"><\/td>\n<td style=\"vertical-align: top; width: 47.7mm; border-color: #000000; border-style: hidden; padding: 0.0mm;\" colspan=\"1\" valign=\"top\"><\/td>\n<td style=\"vertical-align: top; width: 48.33mm; border-color: #000000; border-style: hidden; padding: 0.0mm;\" colspan=\"1\" valign=\"top\"><\/td>\n<td style=\"vertical-align: top; width: 20.16mm; border-color: #000000; border-style: hidden; padding: 0.0mm;\" colspan=\"1\" valign=\"top\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top; width: 0.34mm; border-color: #000000; border-style: hidden; padding: 0.0mm;\" colspan=\"1\" valign=\"top\"><\/td>\n<td style=\"vertical-align: top; width: 199.67mm; border-color: #000000; border-style: hidden; padding: 0.0mm;\" colspan=\"7\" valign=\"top\">\n<table style=\"border-collapse: collapse; margin-left: 0.16mm; margin-right: auto; table-layout: auto; width: 198.84mm; border-style: none;\">\n<colgroup>\n<col width=\"63\" \/>\n<col width=\"266\" \/>\n<col width=\"423\" \/><\/colgroup>\n<tbody>\n<tr>\n<td style=\"background-color: #d3d3d3; vertical-align: top; width: 16.56mm; padding: 0.69mm; border: 0.85pt solid #000000;\" colspan=\"1\" valign=\"top\">\n<p class=\"Normal\" style=\"line-height: normal; margin-bottom: 0.0mm; text-align: center;\"><span style=\"font-weight: bold; font-family: Calibri; font-size: 11.0pt;\">NO<\/span><\/p>\n<\/td>\n<td style=\"background-color: #d3d3d3; vertical-align: top; width: 70.44mm; padding: 0.69mm; border: 0.85pt solid #000000;\" colspan=\"1\" valign=\"top\">\n<p class=\"Normal\" style=\"line-height: normal; margin-bottom: 0.0mm; text-align: center;\"><span style=\"font-weight: bold; font-family: Calibri; font-size: 11.0pt;\">HEADINGS<\/span><\/p>\n<\/td>\n<td style=\"background-color: #d3d3d3; vertical-align: top; width: 111.84mm; padding: 0.69mm; border: 0.85pt solid #000000;\" colspan=\"1\" valign=\"top\">\n<p class=\"Normal\" style=\"line-height: normal; margin-bottom: 0.0mm; text-align: center;\"><span style=\"font-weight: bold; font-family: Calibri; font-size: 11.0pt;\">DETAILS<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom; width: 16.56mm; padding: 0.69mm; border: 0.85pt solid #000000;\" colspan=\"1\" valign=\"top\">\n<p style=\"text-align: center;\">1.<\/p>\n<\/td>\n<td style=\"vertical-align: top; width: 70.44mm; padding: 0.69mm; border: 0.85pt solid #000000;\" colspan=\"1\" valign=\"top\">\n<p class=\"Normal\" style=\"line-height: normal; margin-bottom: 0.0mm;\"><span style=\"font-family: Calibri; font-size: 11.0pt;\">Sector<\/span><\/p>\n<\/td>\n<td style=\"vertical-align: top; width: 111.84mm; padding: 0.69mm; border: 0.85pt solid #000000;\" colspan=\"1\" valign=\"top\">\n<p class=\"Normal\" style=\"line-height: normal; margin-bottom: 0.0mm;\"><span style=\"font-family: Calibri; font-size: 11.0pt;\"> Retail; eCommerce<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom; width: 16.56mm; padding: 0.69mm; border: 0.85pt solid #000000;\" colspan=\"1\" valign=\"top\">\n<p style=\"text-align: center;\">2.<\/p>\n<\/td>\n<td style=\"vertical-align: top; width: 70.44mm; padding: 0.69mm; border: 0.85pt solid #000000;\" colspan=\"1\" valign=\"top\">\n<p class=\"Normal\" style=\"line-height: normal; margin-bottom: 0.0mm;\"><span style=\"font-family: Calibri; font-size: 11.0pt;\">Announcement Date<\/span><\/p>\n<\/td>\n<td style=\"vertical-align: top; width: 111.84mm; padding: 0.69mm; border: 0.85pt solid #000000;\" colspan=\"1\" valign=\"top\"><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom; width: 16.56mm; padding: 0.69mm; border: 0.85pt solid #000000;\" colspan=\"1\" valign=\"top\">\n<p style=\"text-align: center;\">3.<\/p>\n<\/td>\n<td style=\"vertical-align: top; width: 70.44mm; padding: 0.69mm; border: 0.85pt solid #000000;\" colspan=\"1\" valign=\"top\">\n<p class=\"Normal\" style=\"line-height: normal; margin-bottom: 0.0mm;\"><span style=\"font-family: Calibri; font-size: 11.0pt;\">Completion Date<\/span><\/p>\n<\/td>\n<td style=\"vertical-align: top; width: 111.84mm; padding: 0.69mm; border: 0.85pt solid #000000;\" colspan=\"1\" valign=\"top\">\n<p class=\"Normal\" style=\"line-height: normal; margin-bottom: 0.0mm;\"><span style=\"font-family: Calibri; font-size: 11.0pt;\">23-Dec-2022<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom; width: 16.56mm; padding: 0.69mm; border: 0.85pt solid #000000;\" colspan=\"1\" valign=\"top\">\n<p style=\"text-align: center;\">4.<\/p>\n<\/td>\n<td style=\"vertical-align: top; width: 70.44mm; padding: 0.69mm; border: 0.85pt solid #000000;\" colspan=\"1\" valign=\"top\">\n<p class=\"Normal\" style=\"line-height: normal; margin-bottom: 0.0mm;\"><span style=\"font-family: Calibri; font-size: 11.0pt;\">Name of Client<\/span><\/p>\n<\/td>\n<td style=\"vertical-align: top; width: 111.84mm; padding: 0.69mm; border: 0.85pt solid #000000;\" colspan=\"1\" valign=\"top\">\n<p class=\"Normal\" style=\"line-height: normal; margin-bottom: 0.0mm;\"><span style=\"font-family: Calibri; font-size: 11.0pt;\">State Bank of India<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom; width: 16.56mm; padding: 0.69mm; border: 0.85pt solid #000000;\" colspan=\"1\" valign=\"top\">\n<p style=\"text-align: center;\">5.<\/p>\n<\/td>\n<td style=\"vertical-align: top; width: 70.44mm; padding: 0.69mm; border: 0.85pt solid #000000;\" colspan=\"1\" valign=\"top\">\n<p class=\"Normal\" style=\"line-height: normal; margin-bottom: 0.0mm;\"><span style=\"font-family: Calibri; font-size: 11.0pt;\">Investor Details<\/span><\/p>\n<\/td>\n<td style=\"vertical-align: top; width: 111.84mm; padding: 0.69mm; border: 0.85pt solid #000000;\" colspan=\"1\" valign=\"top\">\n<p class=\"Normal\" style=\"line-height: normal; margin-bottom: 0.0mm;\"><span style=\"font-family: Calibri; font-size: 11.0pt;\">State Bank of India | India <\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom; width: 16.56mm; padding: 0.69mm; border: 0.85pt solid #000000;\" colspan=\"1\" valign=\"top\">\n<p style=\"text-align: center;\">6.<\/p>\n<\/td>\n<td style=\"vertical-align: top; width: 70.44mm; padding: 0.69mm; border: 0.85pt solid #000000;\" colspan=\"1\" valign=\"top\">\n<p class=\"Normal\" style=\"line-height: normal; margin-bottom: 0.0mm;\"><span style=\"font-family: Calibri; font-size: 11.0pt;\">Target Details<\/span><\/p>\n<\/td>\n<td style=\"vertical-align: top; width: 111.84mm; padding: 0.69mm; border: 0.85pt solid #000000;\" colspan=\"1\" valign=\"top\">\n<p class=\"Normal\" style=\"line-height: normal; margin-bottom: 0.0mm;\"><span style=\"font-family: Calibri; font-size: 11.0pt;\">Lenskart Solutions Private Limited | India <\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top; width: 16.56mm; padding: 2mm 0.69mm 0.69mm 0.69mm; border: 0.85pt solid #000000;\" colspan=\"1\" valign=\"top\">\n<p style=\"text-align: center;\">7.<\/p>\n<\/td>\n<td style=\"vertical-align: top; width: 70.44mm; padding: 0.69mm; border: 0.85pt solid #000000;\" colspan=\"1\" valign=\"top\">\n<p class=\"Normal\" style=\"line-height: normal; margin-bottom: 0.0mm;\"><span style=\"font-family: Calibri; font-size: 11.0pt;\">Deal Description<\/span><\/p>\n<\/td>\n<td style=\"vertical-align: top; width: 111.84mm; padding: 0.69mm; border: 0.85pt solid #000000;\" colspan=\"1\" valign=\"top\">\n<p class=\"Normal\" style=\"line-height: normal; margin-bottom: 0.0mm;\"><span style=\"font-family: Calibri; font-size: 11.0pt;\">Primary investment by State Bank of India in Lenskart Solutions Private Limited (&#8220;Lenskart&#8221;) through participation in Series I1 round of investment. Lenskart is engaged in the: (a) primary business of manufacture and sale (including by way of retail) of eyewear products including eyeglasses, sunglasses, contact lenses, and eyewear accessories; and (b) secondary business of wholesale trading of eyewear products.<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom; width: 16.56mm; padding: 0.69mm; border: 0.85pt solid #000000;\" colspan=\"1\" valign=\"top\">\n<p style=\"text-align: center;\">8.<\/p>\n<\/td>\n<td style=\"vertical-align: top; width: 70.44mm; padding: 0.69mm; border: 0.85pt solid #000000;\" colspan=\"1\" valign=\"top\">\n<p class=\"Normal\" style=\"line-height: normal; margin-bottom: 0.0mm;\"><span style=\"font-family: Calibri; font-size: 11.0pt;\">Total Consideration<\/span><\/p>\n<\/td>\n<td style=\"vertical-align: top; width: 111.84mm; padding: 0.69mm; border: 0.85pt solid #000000;\" colspan=\"1\" valign=\"top\">\n<p class=\"Normal\" style=\"line-height: normal; margin-bottom: 0.0mm;\"><span style=\"font-family: Calibri; font-size: 11.0pt;\">USD 40 million for the entire round of investment<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top; width: 16.56mm; padding: 2mm 0.69mm 0.69mm 0.69mm; border: 0.85pt solid #000000;\" colspan=\"1\" valign=\"top\">\n<p style=\"text-align: center;\">9.<\/p>\n<\/td>\n<td style=\"vertical-align: top; width: 70.44mm; padding: 0.69mm; border: 0.85pt solid #000000;\" colspan=\"1\" valign=\"top\">\n<p class=\"Normal\" style=\"line-height: normal; margin-bottom: 0.0mm;\"><span style=\"font-family: Calibri; font-size: 11.0pt;\">Team Members<\/span><\/p>\n<\/td>\n<td style=\"vertical-align: top; width: 111.84mm; padding: 0.69mm; border: 0.85pt solid #000000;\" colspan=\"1\" valign=\"top\">\n<p class=\"Normal\" style=\"line-height: normal; margin-bottom: 0.0mm;\"><span style=\"font-family: Calibri; font-size: 11.0pt;\">The core team consisted of Vineet Shingal (Partner), Saloni Mehta (Senior Associate), Sagarika Chandel (Senior Associate), Bimbita Kateel (Associate), Kritika Parakh (Associate)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top; width: 16.56mm; padding: 2mm 0.69mm 0.69mm 0.69mm; border: 0.85pt solid #000000;\" colspan=\"1\" valign=\"top\">\n<p style=\"text-align: center;\">10.<\/p>\n<\/td>\n<td style=\"vertical-align: top; width: 70.44mm; padding: 0.69mm; border: 0.85pt solid #000000;\" colspan=\"1\" valign=\"top\">\n<p class=\"Normal\" style=\"line-height: normal; margin-bottom: 0.0mm;\"><span style=\"font-family: Calibri; font-size: 11.0pt;\">Role of Firm<\/span><\/p>\n<\/td>\n<td style=\"vertical-align: top; width: 111.84mm; padding: 0.69mm; border: 0.85pt solid #000000;\" colspan=\"1\" valign=\"top\">\n<p class=\"Normal\" style=\"line-height: normal; margin-bottom: 0.0mm;\"><span style=\"font-family: Calibri; font-size: 11.0pt;\">Advised State Bank of India on its participation in Series I1 round of investment in Lenskart Solutions Private Limited by way of negotiating and finalising the transaction documents (ie, share subscription agreement and deed of adherence) and providing closing assistance.<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; DEAL DETAILS State Bank of India | Series I1 round of investment in Lenskart Solutions Private Limited NO HEADINGS DETAILS 1. <\/p>\n","protected":false},"author":67011,"featured_media":282750,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[45282,2],"tags":[2958,54811,54812,34954],"class_list":["post-282737","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-law-firms-news","category-news","tag-Investment","tag-lenskart","tag-lenskart-solutions-private-limited","tag-state-bank-of-india"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Khaitan &amp; Co advises State Bank of India on its participation in Series 1 round of investment in Lenskart Solutions Private Limited | SCC Times<\/title>\n<meta name=\"description\" content=\"Primary investment by State Bank of India in Lenskart Solutions Private Limited through participation in Series I1 round of investment\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.scconline.com\/blog\/post\/2023\/01\/30\/state-bank-of-india-series-i1-round-of-investment-in-lenskart-solutions-private-limited\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Khaitan &amp; Co advises State Bank of India on its participation in Series 1 round of investment in Lenskart Solutions Private Limited\" \/>\n<meta property=\"og:description\" content=\"Primary investment by State Bank of India in Lenskart Solutions Private Limited through participation in Series I1 round of investment\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.scconline.com\/blog\/post\/2023\/01\/30\/state-bank-of-india-series-i1-round-of-investment-in-lenskart-solutions-private-limited\/\" \/>\n<meta property=\"og:site_name\" content=\"SCC Times\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/scc.online\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-30T12:00:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/01\/MicrosoftTeams-image-98-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"391\" \/>\n\t<meta property=\"og:image:height\" content=\"311\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Editor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Editor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2023\\\/01\\\/30\\\/state-bank-of-india-series-i1-round-of-investment-in-lenskart-solutions-private-limited\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2023\\\/01\\\/30\\\/state-bank-of-india-series-i1-round-of-investment-in-lenskart-solutions-private-limited\\\/\"},\"author\":{\"name\":\"Editor\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/#\\\/schema\\\/person\\\/84e42bab48238baf12c7e33b3d9761fe\"},\"headline\":\"Khaitan &#038; Co advises State Bank of India on its participation in Series 1 round of investment in Lenskart Solutions Private Limited\",\"datePublished\":\"2023-01-30T12:00:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2023\\\/01\\\/30\\\/state-bank-of-india-series-i1-round-of-investment-in-lenskart-solutions-private-limited\\\/\"},\"wordCount\":207,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2023\\\/01\\\/30\\\/state-bank-of-india-series-i1-round-of-investment-in-lenskart-solutions-private-limited\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/wp-content\\\/uploads\\\/2023\\\/01\\\/MicrosoftTeams-image-98-1.jpg\",\"keywords\":[\"Investment\",\"Lenskart\",\"Lenskart Solutions Private Limited\",\"State Bank of India\"],\"articleSection\":[\"Law Firms News\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2023\\\/01\\\/30\\\/state-bank-of-india-series-i1-round-of-investment-in-lenskart-solutions-private-limited\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2023\\\/01\\\/30\\\/state-bank-of-india-series-i1-round-of-investment-in-lenskart-solutions-private-limited\\\/\",\"url\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2023\\\/01\\\/30\\\/state-bank-of-india-series-i1-round-of-investment-in-lenskart-solutions-private-limited\\\/\",\"name\":\"Khaitan & Co advises State Bank of India on its participation in Series 1 round of investment in Lenskart Solutions Private Limited | SCC Times\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2023\\\/01\\\/30\\\/state-bank-of-india-series-i1-round-of-investment-in-lenskart-solutions-private-limited\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2023\\\/01\\\/30\\\/state-bank-of-india-series-i1-round-of-investment-in-lenskart-solutions-private-limited\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/wp-content\\\/uploads\\\/2023\\\/01\\\/MicrosoftTeams-image-98-1.jpg\",\"datePublished\":\"2023-01-30T12:00:19+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/#\\\/schema\\\/person\\\/84e42bab48238baf12c7e33b3d9761fe\"},\"description\":\"Primary investment by State Bank of India in Lenskart Solutions Private Limited through participation in Series I1 round of investment\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2023\\\/01\\\/30\\\/state-bank-of-india-series-i1-round-of-investment-in-lenskart-solutions-private-limited\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2023\\\/01\\\/30\\\/state-bank-of-india-series-i1-round-of-investment-in-lenskart-solutions-private-limited\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2023\\\/01\\\/30\\\/state-bank-of-india-series-i1-round-of-investment-in-lenskart-solutions-private-limited\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/wp-content\\\/uploads\\\/2023\\\/01\\\/MicrosoftTeams-image-98-1.jpg\",\"contentUrl\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/wp-content\\\/uploads\\\/2023\\\/01\\\/MicrosoftTeams-image-98-1.jpg\",\"width\":391,\"height\":311,\"caption\":\"Khaitan & Co advises State Bank of India on its participation in Series 1 round of investment in Lenskart Solutions Private Limited\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2023\\\/01\\\/30\\\/state-bank-of-india-series-i1-round-of-investment-in-lenskart-solutions-private-limited\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Khaitan &#038; Co advises State Bank of India on its participation in Series 1 round of investment in Lenskart Solutions Private Limited\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/#website\",\"url\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/\",\"name\":\"SCC Times\",\"description\":\"Bringing you the Best Analytical Legal News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/#\\\/schema\\\/person\\\/84e42bab48238baf12c7e33b3d9761fe\",\"name\":\"Editor\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/34e366be721c41333586de05faa13743195f5b142dcd7a015c6fabd2389521d0?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/34e366be721c41333586de05faa13743195f5b142dcd7a015c6fabd2389521d0?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/34e366be721c41333586de05faa13743195f5b142dcd7a015c6fabd2389521d0?s=96&d=mm&r=g\",\"caption\":\"Editor\"},\"url\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/author\\\/editor_4\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Khaitan & Co advises State Bank of India on its participation in Series 1 round of investment in Lenskart Solutions Private Limited | SCC Times","description":"Primary investment by State Bank of India in Lenskart Solutions Private Limited through participation in Series I1 round of investment","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.scconline.com\/blog\/post\/2023\/01\/30\/state-bank-of-india-series-i1-round-of-investment-in-lenskart-solutions-private-limited\/","og_locale":"en_US","og_type":"article","og_title":"Khaitan & Co advises State Bank of India on its participation in Series 1 round of investment in Lenskart Solutions Private Limited","og_description":"Primary investment by State Bank of India in Lenskart Solutions Private Limited through participation in Series I1 round of investment","og_url":"https:\/\/www.scconline.com\/blog\/post\/2023\/01\/30\/state-bank-of-india-series-i1-round-of-investment-in-lenskart-solutions-private-limited\/","og_site_name":"SCC Times","article_publisher":"https:\/\/www.facebook.com\/scc.online\/","article_published_time":"2023-01-30T12:00:19+00:00","og_image":[{"width":391,"height":311,"url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/01\/MicrosoftTeams-image-98-1.jpg","type":"image\/jpeg"}],"author":"Editor","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Editor","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.scconline.com\/blog\/post\/2023\/01\/30\/state-bank-of-india-series-i1-round-of-investment-in-lenskart-solutions-private-limited\/#article","isPartOf":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2023\/01\/30\/state-bank-of-india-series-i1-round-of-investment-in-lenskart-solutions-private-limited\/"},"author":{"name":"Editor","@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/84e42bab48238baf12c7e33b3d9761fe"},"headline":"Khaitan &#038; Co advises State Bank of India on its participation in Series 1 round of investment in Lenskart Solutions Private Limited","datePublished":"2023-01-30T12:00:19+00:00","mainEntityOfPage":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2023\/01\/30\/state-bank-of-india-series-i1-round-of-investment-in-lenskart-solutions-private-limited\/"},"wordCount":207,"commentCount":0,"image":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2023\/01\/30\/state-bank-of-india-series-i1-round-of-investment-in-lenskart-solutions-private-limited\/#primaryimage"},"thumbnailUrl":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/01\/MicrosoftTeams-image-98-1.jpg","keywords":["Investment","Lenskart","Lenskart Solutions Private Limited","State Bank of India"],"articleSection":["Law Firms News","News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.scconline.com\/blog\/post\/2023\/01\/30\/state-bank-of-india-series-i1-round-of-investment-in-lenskart-solutions-private-limited\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.scconline.com\/blog\/post\/2023\/01\/30\/state-bank-of-india-series-i1-round-of-investment-in-lenskart-solutions-private-limited\/","url":"https:\/\/www.scconline.com\/blog\/post\/2023\/01\/30\/state-bank-of-india-series-i1-round-of-investment-in-lenskart-solutions-private-limited\/","name":"Khaitan & Co advises State Bank of India on its participation in Series 1 round of investment in Lenskart Solutions Private Limited | SCC Times","isPartOf":{"@id":"https:\/\/www.scconline.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2023\/01\/30\/state-bank-of-india-series-i1-round-of-investment-in-lenskart-solutions-private-limited\/#primaryimage"},"image":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2023\/01\/30\/state-bank-of-india-series-i1-round-of-investment-in-lenskart-solutions-private-limited\/#primaryimage"},"thumbnailUrl":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/01\/MicrosoftTeams-image-98-1.jpg","datePublished":"2023-01-30T12:00:19+00:00","author":{"@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/84e42bab48238baf12c7e33b3d9761fe"},"description":"Primary investment by State Bank of India in Lenskart Solutions Private Limited through participation in Series I1 round of investment","breadcrumb":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2023\/01\/30\/state-bank-of-india-series-i1-round-of-investment-in-lenskart-solutions-private-limited\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.scconline.com\/blog\/post\/2023\/01\/30\/state-bank-of-india-series-i1-round-of-investment-in-lenskart-solutions-private-limited\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.scconline.com\/blog\/post\/2023\/01\/30\/state-bank-of-india-series-i1-round-of-investment-in-lenskart-solutions-private-limited\/#primaryimage","url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/01\/MicrosoftTeams-image-98-1.jpg","contentUrl":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/01\/MicrosoftTeams-image-98-1.jpg","width":391,"height":311,"caption":"Khaitan & Co advises State Bank of India on its participation in Series 1 round of investment in Lenskart Solutions Private Limited"},{"@type":"BreadcrumbList","@id":"https:\/\/www.scconline.com\/blog\/post\/2023\/01\/30\/state-bank-of-india-series-i1-round-of-investment-in-lenskart-solutions-private-limited\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.scconline.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Khaitan &#038; Co advises State Bank of India on its participation in Series 1 round of investment in Lenskart Solutions Private Limited"}]},{"@type":"WebSite","@id":"https:\/\/www.scconline.com\/blog\/#website","url":"https:\/\/www.scconline.com\/blog\/","name":"SCC Times","description":"Bringing you the Best Analytical Legal News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.scconline.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/84e42bab48238baf12c7e33b3d9761fe","name":"Editor","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/34e366be721c41333586de05faa13743195f5b142dcd7a015c6fabd2389521d0?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/34e366be721c41333586de05faa13743195f5b142dcd7a015c6fabd2389521d0?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/34e366be721c41333586de05faa13743195f5b142dcd7a015c6fabd2389521d0?s=96&d=mm&r=g","caption":"Editor"},"url":"https:\/\/www.scconline.com\/blog\/post\/author\/editor_4\/"}]}},"jetpack_featured_media_url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/01\/MicrosoftTeams-image-98-1.jpg","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/282737","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/users\/67011"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=282737"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/282737\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media\/282750"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=282737"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=282737"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=282737"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}