Lenskart to acquire 29.24% stake in South Korea’s iiNeer for ₹186 cr

Lenskart Solutions Ltd said its wholly owned subsidiary, Lenskart Solutions Pte. Ltd., Singapore, has approved an investment of KRW 3 billion (around ₹186 million) to acquire a 29.24% stake in iiNeer Corp. Ltd, a South Korea–based optical machinery startup.

The investment was approved by the board of Lenskart Singapore at its meeting held on December 24, 2025.

The transaction involves the acquisition of 123,945 preference shares of iiNeer and will be completed through cash consideration. The deal is expected

to be completed by January 31, 2026.

According to the exchange filing, founded in 2020, iiNeer focuses on designing, manufacturing, and selling technology-enabled optical equipment, including lens-edging machines and related devices. The company reported a turnover of KRW 177.77 million in calendar year 2024.

Lenskart said the investment is aimed at building in-house optical hardware capabilities, particularly in lens edging systems comprising edgers, tracers and blockers. The company expects the move to enhance operating efficiencies and reduce equipment-related capital expenditure over time.

Shares of Lenskart Solutions Ltd ended lower on December 24, by 3.62% at ₹448.95 on the NSE.

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