Lenskart Solutions' Singapore subsidiary is investing KRW 3 billion (₹186 million) to acquire a 29.24% stake in iiNeer Corp., a Korean optical machinery manufacturer. The deal involves purchasing 123,945 preference shares and is expected to complete by January 31, 2026. This strategic investment aims to enhance Lenskart's in-house optical hardware capabilities, particularly in lens-edging systems manufacturing.
Lenskart Acquires 29.24% Stake in Korean Startup iiNeer for ₹186 Million
