Lenskart Solutions Ltd has announced a strategic investment to strengthen its in-house optical hardware capabilities, with plans to acquire a 29.24 per cent stake in South Korea-based iiNeer Corp. Ltd. The investment, valued at KRW 3 billion (approximately Rs 186 million), will be made through Lenskart’s wholly owned subsidiary, Lenskart Solutions Pte. Ltd., Singapore.
According to regulatory disclosures, the investment was approved by the board of Lenskart Singapore at a meeting held on December 24, 2025. The transaction involves the acquisition of 123,945 preference shares of iiNeer through a cash consideration and is expected to be completed by January 31, 2026.
Founded in 2020, iiNeer operates in the optical machinery space, specialising in the design, manufacturing and sale of technology-driven optical equipment. Its product portfolio includes lens edging machines and related systems used in eyewear production. As per the exchange filing, iiNeer reported a turnover of KRW 177.77 million in the calendar year 2024.
Lenskart said the investment aligns with its long-term strategy to build in-house optical hardware expertise, particularly in lens edging systems such as edgers, tracers and blockers. By integrating these capabilities internally, the company aims to improve operational efficiency, streamline production processes and reduce dependence on third-party equipment suppliers.
The move is also expected to help optimise capital expenditure on optical machinery over time, supporting scalability as Lenskart continues to expand its manufacturing and retail footprint across markets.
Following the disclosure, shares of Lenskart Solutions Ltd closed 3.62 per cent lower at Rs 448.95 on the NSE on December 24. Despite the short-term market reaction, the investment signals Lenskart’s continued focus on vertical integration and technology-led efficiency to strengthen its eyewear ecosystem.
