EyeGear Optics India Pvt. Ltd. is one of the fastest-growing Indian companies in the optical industry that is reimagining the Indian optical industry and customer value experience by providing high-quality branded products and the latest styles at affordable prices.
Having a current turnover of $35 million, the company has announced its plans to reach $150 million in revenue per annum simply by 2027. The company has so far raised $8. 24 mil over two rounds from Asian Healthcare Fund plus VenturEast.
“Our company is constantly seeking new ways to disrupt the optic industry by offering millions of customers affordable fashion. Over the particular years our research has exposed several pain points not only through consumers’ point-of-view but even from the retail point-of-view. There is also a rising prevalence of numerous eye-related issues because associated with lifestyle changes and increased exposure to screen, ” said Raj Pyla, Chairman plus Managing Director, EyeGear Optical technologies India Pvt Ltd.
He further added, “A brand new and expanding generation of technologically savvy customers with high disposable incomes and aspirational lives are also looking for fashionable eyewear. Between our own brands – Ben Franklin and Eyegear, we are constantly striving to bridge this gap. We partner with eye hospitals all over India to provide the best-in-class eyewear plus eye care. We furthermore support independent mom-and-pop shops with strong supply chains, innovative technology solutions, branding and advertising, retail expertise, and data capabilities. ”
“With EyeGear’s tech-enabled platform that provides an extensive range of 2500+ designs and styles that are fashionable, high quality, and very affordable thereby enabling impartial mom-and-pop optical retailers to satisfy customers’ growing aspirations. Our goal is in order to onboard a further 10, 000+ optic retailers, ” commented Pyla.
Founded in 2008, EyeGear Optics India Pvt Ltd. is the parent organization of 2 leading eyeglasses brands — Ben Franklin and EyeGear. Ben Franklin, India’s No . 1 hospital-based Optical Chain. It will be currently present in 26 states, plus 250 cities and offers 500+ stores. EyeGear is usually the only end-to-end, one-stop B2B Optical platform for independent mom-and-pop optical retailers that offers the largest collection of good quality, fashionable sunglasses products along with 2, 500+ styles at affordable prices.
Changing lifestyles, growing awareness, and high throw away incomes are usually growth drivers for the Indian eyewear industry in the coming years. Technological advances, the particular digital-first approach, and the rich customer experience are setting the new benchmark for eyeglasses players. The fragmented market, limited penetration in smaller cities plus towns, and the untapped independent optician channel are the particular opportunities that are going to drive growth in this dynamic sector.