Lenskart's ₹186 Cr iiNeer Stake: Boosts Optical Tech, Stock Falls

• Lenskart Solutions Ltd, via its Singapore subsidiary Lenskart Solutions Pte. Ltd., acquired a 29.24% stake in South Korean startup iiNeer Corp. Ltd.
• The investment totals KRW 3 billion (approx. ₹186 crore) for 123,945 preference shares, approved on Dec 24, 2025, to be completed by Jan 31, 2026.
• iiNeer, founded in 2020, specializes in optical equipment like lens-edging machines, with a 2024 turnover of KRW 177.77 million.
• Lenskart aims to enhance in-house optical hardware capabilities, improve operational efficiency, and reduce capital expenditure.
• Lenskart Solutions Ltd's share price declined by 3.62% on December 24.

Why It Matters: Lenskart invests ₹186 Cr in iiNeer to boost optical hardware, despite a stock dip.