Lenskart buys Minority Stake in Korean Optical Firm
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- Last Updated: 26 Dec 2025 at 12:54 PM IST
Lenskart Solutions Ltd has cleared a minority investment in a South Korea-based optical machinery company, according to a regulatory filing. The approval was carried out by the company’s overseas subsidiary and comes at a time when investors are closely tracking Lenskart’s post-listing disclosures. How does this shape Lenskart’s long-term strategy?
What has Lenskart Approved Through its Singapore Arm?
The company stated that its wholly owned unit, Lenskart Solutions Pte. Ltd., has approved an investment of KRW 3 billion, approximately ₹186 million, for the acquisition of a 29.24% stake in iiNeer Corp. Ltd.
The decision was taken by the board of the Singapore subsidiary at its meeting held on December 24, 2025.
As part of the transaction, Lenskart Singapore will purchase 123,945 preference shares of iiNeer through a cash consideration. The company has stated that the transaction is expected to be completed by January 31, 2026. It has also been clarified that the deal does not qualify as a related-party transaction and has been executed at arm’s length.
What Does iiNeer Do and Why Does It Matter?
iiNeer, formed in the year 2020, caters to the optical equipment industry. It deals with the design and manufacture of technology-driven optical machines for lens processing. Its product portfolio includes lens edging machines and related equipment used in the finishing process of lens manufacture, where dimensional accuracy is prioritised before lenses are fitted into frames.
According to the exchange filing, iiNeer reported a turnover of KRW 177.77 million in the calendar year 2024.
Lenskart said the investment is intended to support the development of in-house optical hardware capabilities. The company highlighted lens edging systems, including edgers, tracers, and blockers, as the primary focus areas of the investment.
What Is the Company’s Stated Rationale?
In its disclosure, Lenskart said the move is expected to contribute to operating efficiency and reduce equipment-related capital expenditure over time. The company has not indicated any immediate revenue contribution from the investment.
The stake gives Lenskart a minority holding in iiNeer, with no change in control or management structure being disclosed.
How Did the Market React?
Shares of Lenskart Solutions ended 3.62% down at ₹448.95 on December 24 on the National Stock Exchange of India. The movements in the stock followed general market activities, with no statement accompanying the disclosure of investment.
Lenskart in the News
Lenskart reported more than ₹100 crore profit after tax in Q2 FY26, a 20% growth over the same period last year. Additionally, its revenue from operations saw an upsurge of over 20%. Consolidated revenue crossed ₹2,000 crore.
As Lenskart builds scale across manufacturing and retail, investors are likely to track how such strategic holdings align with execution and cost discipline going forward.
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