Lenskart Singapore Deal: In a major update, the Board of Directors of Lenskart Solutions Pte. Ltd., Singapore, a wholly-owned subsidiary of Lenskart Solutions,
has approved an investment of Korean Won (KRW 3 billion) (approximately INR 186 million) for the acquisition of 29.24 per cent of the share capital of South Korea-based iiNeer Corp. Ltd.
Lenskart to invest in Korean startup
Lenskart Solutions Ltd stated in an exchange filing that it will invest in iiNeer, a Singaporean startup founded in 2020 that focuses on developing technology-enabled eye-testing and lens-cutting equipment.
"This investment supports the company’s efforts to build proprietary capabilities in core equipment and is expected to improve operating efficiencies and reduce equipment capital expenditure over time," according to the filing.
The acquisition of a shareholding in iiNeer aims to provide Lenskart with in-house optical hardware capabilities – including the manufacturing of lens edging systems with edgers, tracers, and blockers. This Korean startup had a turnover of KRW 177.7 million in the calendar year 2024.
The acquisition of 123,945 preference shares in iiNeer is expected to be completed by January 31, 2026.
Lenskart shares surge 5% after Q2 profit jumps 20% YoY
Meanwhile, on December 1, 2025, shares of Lenskart Solutions surged 4.8% on the BSE, reaching an intraday high of Rs 430.80. This surge came after the recently listed eyewear company announced its first quarterly results for the September quarter (Q2 FY26) on November 29. The company reported strong year-on-year (YoY) growth in both profitability and revenue, reinforcing investor confidence following its debut earlier this month. Lenskart reported a 20 per cent YoY rise in consolidated profit after tax (PAT) to Rs 102.22 crore, compared to Rs 85.47 crore in the same quarter last year. This marks the company’s first earnings report since its listing.
Lenskart Q2 Results 2025
Lenskart Solutions has reported a 19.8 per cent jump in consolidated profit after tax to Rs 103.4 crore in the second quarter ended September 30, 2025. The company had recorded a profit after tax of Rs 86.3 crore in the same period a year ago. Lenskart posted a 21 per cent jump in the consolidated revenue from operations to Rs 2,096.14 crore during the reported quarter, from Rs 1,735.68 crore in the September 2024 quarter.
