Eyewear retailer Cleardekho raises $4 million in pre-Series A round

By

Maverick Martins

Published
Oct 21, 2021

Eyewear retailer Cleardekho has raised $4 million (Rs 29 crore) in pre-Series A round led by Aroa Ventures, the family office of OYO founder, Ritesh Agarwal. The funding round also saw participation from several other angel investors.
 

The company will utilise the funds to open new stores across India, customer acquisition, hiring, infrastructure, and expansion of its private-label brands.
 
Commenting on the investment, Gaurav Gulati, head and chief investment officer at Aroa Ventures, in a statement said: “Cleardekho will be present in over 100 cities within the next 12 months and will continue to penetrate tier 2, 3, 4 cities across India. This investment will enable the team to focus on scaling up the operations and further strengthen the customer experience.”

Shivi Singh, co-founder and CEO at Cleardekho, added: “The post-Covid exponential increase in screen time across age groups has led to the surge in demand for affordable eyeglasses, especially from new-age consumers from smaller towns, which are driving the revolution. We strongly believe in creating value for our customers, and as we set out to transform this massive unorganised sector, the next decade, 2020 to 2030, would be defining for us.”
 
Founded in 2017 by Shivi Singh and Saurabh Dayal, Cleardekho is one of India’s leading eyewear retailers with a strong presence across India. It plans to add around 1,000 retail stores in the next three years.