Mumbai, Dec. 26 -- At an exchange rate of Rs 0.062 per Korean Won, the acquisition sum totals to Rs 18.6 crore.

iiNeer is a Korea-based startup, which is focused on developing technology-enabled eye-testing and lens-cutting equipment. It had recorded a turnover of 177.77 million Korean Won in the calendar year 2024.

This acquisition enables the company to build in-house optical hardware capabilities, specifically for manufacturing lens edging systems that include edgers, tracers, and blockers.

By investing in these proprietary core equipment capabilities, the company expects to enhance operating efficiencies and reduce long-term capital expenditure on equipment.

Lenskart Solutions is a technology-led eyewear company involved in design...