Synopsis :- Below are the two new age companies in which an Ace Investor Radhakrishan Damani bought a new stake.
Ace investor Radhakishan Damani has diversified his portfolio by making fresh investments in select growth-oriented stocks, signaling his confidence in emerging sectors and long-term market opportunities.
Below are the list of Companies in which Radhakishan Damani bought fresh stake
Lenskart Solutions Ltd
Lenskart Solutions Ltd., founded in 2008, is a tech-driven eyewear company offering a wide range of eyeglasses, sunglasses, and lenses under a direct-to-consumer model. As of March 2025, it operated 2,723 stores globally and manufactures in India, Singapore, and the UAE, enabling rapid nationwide and international delivery.
Its IPO opens on October 31, 2025, and closes on November 4, 2025, with a price band of Rs. 382–Rs. 402 per share. Grey Market Premium (GMP) suggests strong investor interest, with the unlisted share price touching around Rs. 485 per share, indicating a GMP of roughly Rs. 83–Rs. 103 above the issue price band.
An Ace investor Radhakishan Damani, founder of D-Mart, known for his value-investing approach, has diversified into the new-age consumer internet sector with a Rs. 90 crore pre-IPO investment in Lenskart. This move indicates confidence in Lenskart’s strong financial performance and omnichannel retail strategy.
Over the past five years, Lenskart’s revenue has grown from Rs. 967 crore in FY20 to over Rs. 5,427 crore in FY24, marking its transformation into a market leader. The company’s FY23 revenue surged 150 percent YoY to Rs. 3,788 crore, followed by 43 percent growth in FY24, reflecting sustained expansion and profitability in India’s fast-growing eyewear segment.
Eternal Limited, formerly Zomato Limited, founded in 2008 and based in Gurugram, operates diverse e-commerce platforms for food delivery, quick commerce, B2B supplies, and entertainment. Its key services include Zomato, Blinkit, Hyperpure, and District, alongside payment, advertising, logistics, and financial solutions for merchants and customers.
With a market capitalization of Rs. 3,06,881.15 crore, the shares of Eternal Limited closed at Rs. 318, down by 3.45 percent from its previous day’s closing price of Rs. 329.35 per equity share.
According to media reports, Radhakishan Damani, traditionally known for investing in stable retail businesses, has recently expanded into the digital space by acquiring a 0.5 percent stake in Eternal Ltd., the parent company of Zomato and Blinkit, in September 2025. Along with his wife, this investment is valued at over Rs. 1,570 crore, marking another strategic move into high-growth, new-age consumer ventures.
Top 5 Holdings of Radhakishan Damani
Apart from its 67.2 percent stake in Avenue Supermarts, it also holds significant investments in the following five companies.
As of September 2025, the company holds a 29.1 percent stake in VST Industries, amounting to approximately 4.94 crore shares valued at Rs. 1,268.1 crore. It also owns a 2.4 percent stake in Sundaram Finance (around 26.3 lakh shares) worth Rs. 1,234.9 crore, a 1.23 percent stake in United Breweries (32.52 lakh shares) valued at Rs. 598 crore, a 1.48 percent stake in 3M India (1.66 lakh shares) worth Rs. 495.4 crore, and a 1.88 percent stake in TSF Investments comprising 41.7 lakh shares valued at Rs. 284.9 crore.
Written by Akshay Sanghavi
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