IPO-bound omnichannel eyewear giant Lenskart has made a strategic investment in Mumbai-based deeptech startup AjnaLens to develop AI-powered smart glasses.
In a statement, Lenskart said the acquisition would combine its expertise in frame design and engineering with AjnaLens’ technological expertise to create smart glasses.
However, the unicorn didn’t disclose the financial details of the deal.
Founded in 2014 by Pankaj Raut, Abhijit Patil, and Abhishek Tomar, AjnaLens provides hardware and software solutions using extended reality (XR) technology. It uses XR to provide learning solutions and claims to cater to defence, enterprises, and more sectors.
The acquisition would allow Lenskart to evolve in the eyewear segment. Last year, the company launched its audio eyewear under the name ‘Phonic’.
“We have been leveraging technology to create distinctive and meaningful eyewear experiences for our customers. This investment marks the next chapter in our smart glass journey, which began with the launch of Phonic, our audio glasses, in December 2024. As the smart glasses category scales rapidly, our partnership with AjnaLens strategically positions us to accelerate product innovation in this space,” said Lenskart cofounder Peyush Bansal.
(The story will be updated soon)
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