Lenskart Solutions Ltd has announced that its fully owned subsidiary, Lenskart Solutions Pte. Ltd., based in Singapore, has sanctioned an investment of KRW 3 billion (approximately ₹186 million) to obtain a 29.24% stake in iiNeer Corp. Ltd, a startup in South Korea specializing in optical machinery.
The investment received approval from the board of Lenskart Singapore during a meeting held on December 24, 2025.
The deal entails the purchase of 123,945 preference shares of iiNeer and will be executed through cash payment. Completion of the transaction is anticipated by January 31, 2026.
As stated in the exchange filing, iiNeer, founded in 2020, specializes in designing, manufacturing, and selling advanced optical equipment, which includes lens-edging machines and associated devices. The company reported a turnover of KRW 177.77 million for the calendar year 2024.
Lenskart emphasized that this investment is intended to develop in-house optical hardware capabilities, specifically focusing on lens edging systems, including edgers, tracers, and blockers. The company anticipates that this strategic move will enhance operational efficiencies and minimize capital expenditures related to equipment over time.
Shares of Lenskart Solutions Ltd closed down by 3.62% on December 24, settling at ₹448.95 on the NSE.
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