Lenskart expands global footprint with Rs 53 crore investment in overseas subsidiaries

Eyewear leader Lenskart is intensifying its international footprint with a Rs 53 crore capital infusion into its overseas subsidiaries, Owndays and Lenskart Singapore. According to recent regulatory filings, the company is set to acquire a 1 per cent stake in its Japanese affiliate, Owndays, for approximately Rs 50 crore, bringing its indirect aggregate shareholding to nearly 97.67 per cent. An additional Rs 3 crore is earmarked for increasing its stake in Lenskart Singapore. This move serves to consolidate control over its regional operations, ensuring unified strategic oversight as the company navigates diverse markets across Southeast Asia and East Asia. The consolidation is timely, following a robust fourth-quarter performance where the brand recorded a 46 per cent Y-o-Y revenue growth to Rs 2,516 crore.

Fueling the next growth phase

The investment aligns with the firm’s broader transition toward becoming a ‘consumer-AI company.’ Peyush Bansal, Founder has signaled, the company’s FY27 roadmap focuses on integrating advanced automation and AI across its global supply chain. While maintaining a strong retail presence, the brand is concurrently expanding its eye-testing capacity, with an ambitious goal to conduct 100 million tests globally over the coming years. By reinforcing its regional corporate structure through these stake acquisitions, Lenskart is positioning itself to leverage centralized manufacturing and data-driven product design to maintain its competitive edge against local incumbents in international markets.

The Lenskart retail model

Founded in 2008, Lenskart operates as an omnichannel eyewear retailer, offering prescription glasses, sunglasses, and contact lenses. It maintains a significant presence in India, Southeast Asia, and Japan. The company is currently scaling its operations through AI-integrated retail hubs and a centralized manufacturing supply chain to achieve sustainable long-term profitability.