Lenskart Acquires 29.24% Stake in iiNeer for ₹18.6 Cr, Boosts Optical Tech

• Lenskart's subsidiary invests KRW 3 billion (₹18.6 Cr) in South Korean optical machinery startup iiNeer Corp. Ltd.
• Acquires a 29.24% stake in iiNeer, which specializes in lens-aging machines and related optical equipment.
• The investment aims to strengthen Lenskart's in-house optical hardware capabilities, including edgers, tracers, and blockers.
• Lenskart expects this move to improve operational efficiency and reduce future capital expenditure on equipment.
• The deal was approved on December 24, 2025, and is expected to be completed by January 31, 2026.

Why It Matters: Lenskart's strategic investment in iiNeer enhances its optical tech, improving efficiency and reducing costs.