AI in India

Lenskart Boosts Stake in AjnaLens to Over 9pc

6 days ago Arjun Mehta

Eyewear retailer Lenskart has increased its stake in XR and artificial intelligence startup AjnaLens to more than nine percent through a fresh round of funding.

Eyewear major Lenskart has increased its stake in extended reality and artificial intelligence startup AjnaLens to over 9%, according to a report by Inc42. The latest transaction involves an additional 1.8% stake acquisition valued at INR 8 Cr, lifting Lenskart’s total holding in the enterprise.

Data cited by Inc42 indicates that Lenskart has expanded its equity stake in AjnaLens by 4.17% across three separate transactions over the course of the year. This brings Lenskart’s cumulative investment in the startup to INR 18.5 Cr.

The continued capital injection supports Lenskart’s broader strategic push into smart eyewear, integrating technologies spanning extended reality, artificial intelligence, and smart wearable hardware. AjnaLens specializes in immersive technologies and AI driven hardware solutions, making it a key component for enterprise players looking to scale smart device ecosystems within the Indian market.

Based on reporting by inc42.com.