'EyeMyEye' Achieves Valuation of Rs 102 cr Post Fund Infusion of Rs 20.5 crore from Marquee Investors

The funds raised shall be utilized for assortment expansion, technology, and marketing and shall help to achieve the growth aspirations of the firm and counter competition.
‘EyeMyEye’ Achieves Valuation of Rs 102 cr Post Fund Infusion of Rs 20.5 crore from Marquee Investors

EyeMyEye- one of the largest online players in the eyewear market crosses a milestone valuation of Rs 102+ crore after raising Rs 20.5 crore through Angels and HNI in Pre Series A funding. 

The funds raised shall be utilized for assortment expansion, technology, and marketing and shall help to achieve the growth aspirations of the firm and counter competition. EyeMyEye Pvt. Ltd. is one of the largest players in the Indian Eyewear industry and hosts 30+ international eyewear brands online. 

The brand provides genuine and high-quality products with fast-track deliveries. Within four months of launch, the valuation of the company has crossed Rs 102+ crore with 5.9 million unique users and 2 million signups. In September month alone the website has achieved 1 lakh+ transactions.

Ganesh Iyer, Founder & CEO said, “We are very delighted to have such quality names in our cap table. The very fact that such marquee and proven investors have invested in us, shows the level of conviction and faith they have with regards to our ambitious growth prospects. We are very happy to onboard them and look forward to utilizing their proven expertise in the start-up space that shall help us achieve our objectives”.

Marquee investors who have participated in this round of funding are Brijesh Agarwal, Co-founder of Indiamart, Baskara Rao, Chief Technology Officer at Seviora Holdings Pte Ltd (a subsidiary of Temasek), and Raghav Gupta, MD Asia Pacific for Coursera, also Instead alumni. All have invested in their personal capacity.

EyeMyEye offers the best quality and wide array of products catering not only to the luxury segment but also value for money products suitable for all pockets. Being a storehouse of the coolest eyewear trends – to making quality eyewear accessible and affordable – EyeMyEye works relentlessly towards becoming a thought leader when it comes to vision needs.

By being a part of a global network for over 6+ years in their past venture, the team aims at giving Indian audiences, the best quality products at unmatched prices, which is currently a challenge in the domestic market. EyeMyEye brings 6,000+ stylish eyewear designs with a huge assortment of international range too.

Primary Category
RECOMMENDED FOR YOU
TRENDING ARTICLE