Sep 14, 2026
Lenskart increases stake in AjnaLens parent to 9% with Rs 8 Cr investment


Madison India Capital is one of India's most experienced direct secondary investors. As an independent firm, we have focused exclusively on direct secondaries and continuation vehicles since 2014.
We provide liquidity to shareholders of outstanding companies and back ambitious management teams at high-growth, middle-market businesses that are shaping their industries.
We are a trusted liquidity partner to some of the world's most prominent venture capital and private equity firms, as well as leading domestic funds, venture debt providers, founders and employees. We have provided liquidity to more than 500 shareholders and exits to over 25 institutional funds, many of which have returned to us for single-asset and portfolio solutions.
We structure single-company and portfolio transactions flexibly to deliver complete solutions, and we reserve capital to support companies' future growth. In every investment, we work alongside management and co-investors to help companies achieve their growth plans.
Our typical equity investment ranges from $10 million to $35 million per company and from $20 million to $220 million for a portfolio. We are currently investing from our flagship fund, Madison India Opportunities V, which held its final close in 2024. We have offices in Delhi and Singapore.
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