Lenskart Solutions Ltd

Lenskart Expands Tech Capabilities with 29.24% Stake in South Korean Startup iiNeer 🔍

- Lenskart Singapore invests KRW 3B (~INR 186M) for a 29.24% stake in South Korea’s iiNeer Corp.

- iiNeer specializes in tech-enabled eye-testing and lens-cutting equipment, aligning with Lenskart’s hardware goals.

- Acquisition aims to improve operational efficiency and reduce long-term equipment costs.

- iiNeer’s 2024 turnover: KRW 177.8M; founded March 26, 2020.

- All-cash deal, expected completion by January 31, 2026.