Lenskart has made a strategic investment in Ajna Lens, a Mumbai-based deeptech startup developing AI-powered XR glasses to advance smart eyewear technology.
Ajna Lens, founded in 2014, specializes in immersive hardware and software platforms using spatial computing, AI vision, and XR technologies, catering to enterprise, education, and defense sectors.
The collaboration aims to leverage Lenskart's frame design and engineering expertise to create consumer-grade smart glasses integrating AI and XR tech, focusing on functionality, lifestyle appeal, and broader accessibility.
Lenskart's move aligns with its IPO preparations, with reported plans for a $1 billion IPO at a $10 billion valuation, double its previous valuation, following a notable investment round involving Temasek and Fidelity Investments.