Lenskart invests in XR glasses start-up ahead of IPO
04 Jul 2025

Leading eyewear retailer Lenskart has announced its investment in Ajna Lens, a Mumbai-based deep-tech company, building artificial intelligence (AI)-powered extended reality (XR) glasses.

The exact amount of money invested by Lenskart has not been disclosed yet.

The Gurugram-based company said it will use its frame design and engineering expertise to create smart glasses.

Smart glasses category is growing rapidly: Peyush Bansal
CEO statement

Peyush Bansal, co-founder and CEO of Lenskart, said this investment is a major step in their Smart Glass journey.

He added that the smart glasses category is growing rapidly and offers a great opportunity for product innovation.

The move comes as Lenskart prepares to list on stock exchanges after converting into a public limited company on June 6.

Lenskart plans $1B IPO, eyes $10B valuation
IPO strategy

Lenskart is planning a $1 billion initial public offering (IPO) at a potential valuation of $10 billion.

This would be double the valuation from its last funding round.

In June last year, the SoftBank-backed company had closed a $200 million secondary round at a $5 billion valuation with investments from Singapore sovereign fund Temasek and US financial services giant Fidelity.