Lenskart invests in California start up ThinOptics

By

Maverick Martins

Published
Jul 2, 2018

Indian eyewear retailer Lenskart has invested Rs 3.4 crore (approx $0.5 million) in California based start-up ThinOptics to enhance its technology and offerings to the Indian consumer.
 

The investment in ThinOptics will help Lenskart scale up its presence in the reading glasses segment as it will be working closely with the California team to develop innovative products for the Indian market.
 
ThinOptics makes innovative glasses that can be carried innovatively and has several patented designs for reading glasses.

Lenskart has been investing significantly in start-up businesses specialising in eye care technology. In the last one year, the company has invested around 2 million dollars in eyewear start-ups like Ditto and 6over6.
 
“ThinOptics is a revolutionary product that solves the problem of people forgetting to carry their reading glasses everywhere and often losing them too. At Lenskart, our vision is to revolutionise eye wear and, hence, this investment fits that vision,” Peyush Bansal, CEO, Lenskart was quoted as saying by Financial Express.
 
Bansal added, “We have been testing ThinOptics with Indian consumers for last few months and the response has been phenomenal. With this investment, we intend to work closely with ThinOptics’ California team for growing the India market as well as bringing more innovations in this area.”
 
Lenskart, one of the largest online optical retailers, currently has 410 stores across the country and strong online presence.