Lenskart Increases AjnaLens Stake To Over 9% To Deepen Smart Glasses Push
India, Sept. 14 -- Lenskart has increased its stake in extended reality (XR) startup AjnaLens' parent Dimension NXG with an Rs.8 Cr investment to deepen its bet on smart eyewear and wearable technology.
In a regulatory filing, Lenskart said it acquired an additional 1.8% stake in AjnaLens for Rs.8 Cr. Following the transaction, its holding in the startup increased to 9.01% from 7.21% earlier.
The latest acquisition follows two earlier purchases this year. Lenskart acquired an additional 0.68% stake in AjnaLens in February and 1.69% in July. Together, the three transactions increased Lenskart's stake by 4.17% from its earlier holding of 4.84%. The aggregate consideration for these three acquisitions stood at Rs.18.5 Cr.
Lenskart said th...
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