Lenskart Acquires 29.24% Stake in South Korea's iiNeer for Rs 186 Million

• Lenskart's Singapore subsidiary to acquire 29.24% stake in South Korean startup iiNeer Corp. Ltd.
• Investment of KRW 3 billion (approx. Rs 186 million) approved on December 24, 2025.
• iiNeer, founded in 2020, specializes in technology-enabled optical equipment like lens-edging machines.
• Lenskart aims to build in-house optical hardware capabilities, improve efficiency, and reduce capital expenditure.
• Deal expected to close by January 31, 2026; Lenskart shares fell 3.62% on Dec 24.

Why It Matters: Lenskart invests in iiNeer to boost in-house optical hardware and operational efficiency.