fbpx

Exclusive: Online eyewear retailer EyeMyEye raises $5 Mn

A year old full stack eyewear platform EyeMyEye has raised Rs 39.35 crore or $5 million led by LC Nueva AIF which is a joint entity by Singapore headquartered Lighthouse Canton and Delhi based Nueva Capital and others.

The company’s board has passed a special resolution to allot 27,95,736 CCPS at issue price of Rs 140.75 per share to raise the aforementioned sum, its regulatory filing with the Registrar of Companies show (RoC) shows.

LC Nueva AIF led the round with Rs 18.65 crore while Lets Ventures and Rajesh Bothra (Kobian Pte Ltd) pumped in Rs 2.75 crore and Rs 10 crore respectively.

LC Nueva is an India-focused fund which raised Rs 300 crore ($40 million) in its maiden corpus in April this year. Aabout 25% of the total fund size came from the investment manager and key stakeholders of Lighthouse Canton, said ther investment firm at the time of its launch.

According to Entarckr’s estimates, the valuation of the Gurugram-based company is around Rs 142 crore or $18 million (post-money). During the last funding, it was valued at Rs 102 crore.

Founded in 2021 by Ganesh Iyer and Sudha Kalyan, EyeMyEye is an online retailer for eyewear and claims to have a  million customers. It competes with the likes of Lenskart, Himalaya Opticals, MedPlusLens, Cool Winks and Lens2Home among others in the eyewear space.

This is the second funding round for EyeMyEye in the past nine months. In November, the startup had raised Rs 20.5 crore in its pre-Series A round from angel investors and a clutch of high net-worth individuals.

EyeMyEye appears to be a fascinating startup that is encouraging new development on Technology, Information, and Internet platforms. Congratulations on your startup. May this new business bring you huge success and fulfillment.

Shishir Gupta, Founder and CEO, StartupLanes

Don’t keep wondering about funding, you can also raise funds. Learn how to raise funds here: Yes I want to raise funds.

If you are an emerging startup and are looking for investors to raise funds, StartupLanes has its own angel network and investment banking services and is connected to angel investors and VCs in 15 countries that ensure that our member startups have easy access to external funds to scale up constantly.

You can subscribe to our news posts by entering your email in the box on the right side of this page.

Check out our YouTube channel for insightful content from the Indian startup ecosystem.

Or join our Whatsapp group to interact with other founders: Yes, I want to join the Whatsapp group.

The right investment is key to beating inflation and growing your wealth. Do you wish to become an angel investor? Yes, I want to be an angel investor.

Are you a startup and facing challenges in your business? Do you want to grow your business? It is not as difficult as it sounds. Learn how to grow your business here- Yes, I want to grow my business.

Tags

top