Lenskart Solutions Ltd

Lenskart Expands in Thailand with 50% Stake in Marco Optical 🇹🇭👓

- Lenskart Singapore acquires 50% stake in Marco Optical (Thailand) Co., Ltd. (Sunrise Thailand).

- 250,000 ordinary shares purchased from Matt Optical Co., Ltd. for THB 168,750,000 (~USD 5M).

- Post-acquisition, Sunrise Thailand becomes a 50-50 joint venture between Lenskart Singapore and Matt Optical.

- Sunrise Thailand’s 2024 turnover: THB 101,625.28 (vs. THB 3,985.96 in 2023).

- Move strengthens Lenskart’s global eyewear presence, leveraging Sunrise Thailand’s manufacturing and trading capabilities.