New York, NY, January 17, 2018 –(– Specsmakers, one of South India’s largest optical chains, has successfully raised $10Mn. led by Fidelity Growth Partners. The fund raise puts the investment at a 69.4% IRR for Fulcrum at a 2.8x multiple.

Fulcrum Fund II led a $4.3mn round into Specsmakers over 3 tranches between 2014-2016. As a standalone, Specsmakers valuation at this round returns 29% of the entire fund. Fulcrum has taken this opportunity to partially exit the position returning 27% of the investment.

About Specsmakers

Specsmakers is a Chennai head-quartered optical retail chain. Started in 2011 by Pratik Shah, the company focused on targeting mid to lower market client base with own brand affordable optical products such as frames, optical lenses, contact lenses, sunglasses. With a current network of 110+ stores, Specsmakers has established a strong presence in southern states of Tami Nadu and Karnataka, along with a reputation for quality.

About Fulcrum
Fulcrum is a private equity investor specializing in Indian Pharmaceuticals and Healthcare opportunities. The team comprises of seasoned investment & operational professionals with hands on domain expertise. Founded in 2000, Fulcrum has built a strong track record for adding operational value to portfolio companies and generating superior returns. The manager has successfully managed 2 earlier funds generating 6x cash back and is now investing from Fulcrum Fund III.

Contact Information:
Savina Zurate
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