Lenskart Looking to Invest $3 Million in Eye-Tech Startups
Online eyewear firm Lenskart has earmarked about USD 2-3 million to invest in companies that are either working on product or technologies that can help to provide affordable eye care solutions.
As a part of the strategy, firm backed by Ratan Tata, Lenskart has invested about Rs. 3.3 crores in US-based ThinOptics. The intent of investing in early-stage startups is to collaborate in the development of innovative products.
Peyush Bansal, Lenskart founder and chief executive said,
We will invest USD 2-3 million. The companies where we are looking to invest could be either tech or product based working on eyecare solutions, be it an innovative eye examination machine or some kind of a lens technology.
Lenskart had earlier picked up a minority stake for over USD 1million in 6over6, an I...