Connect with us

Latest News

Lenskart to Build Largest Eyewear Manufacturing Facility in Telangana!

Published

on

Lenskart to Build Largest Eyewear Manufacturing Facility in Telangana!

Lenskart, India’s leading eyewear retailer, is set to establish its largest eyewear manufacturing facility in Telangana. The company has signed a Memorandum of Understanding (MoU) with the state government to invest approximately Rs 1,500 crore in this mega project.

Strategic Location and Manufacturing Scope

The new facility will be strategically located in Fab City, Telangana, a special economic zone designed to promote high-tech industries. This state-of-the-art plant will produce a wide range of eyewear products, including lenses, sunglasses, and accessories. By centralizing manufacturing operations in Telangana, Lenskart aims to optimize its supply chain and enhance production efficiency.

Job Creation and Economic Impact

The establishment of this facility is expected to generate around 2,100 jobs, providing significant employment opportunities in the region. This move aligns with the Telangana government’s efforts to attract investments and foster job creation within the state.

Global Ambitions and Market Reach

Lenskart’s manufactured products will cater not only to the Indian market but also target international markets, particularly Southeast Asia and the Middle East. This expansion reflects Lenskart’s ambition to strengthen its position as a global player in the eyewear industry.

Research and Development Focus

In addition to manufacturing, there are plans to establish an R&D center alongside the facility. This center will focus on innovation in eyewear technology, enhancing product quality, and developing new solutions tailored to consumer needs.

Commitment to Growth

This significant investment underscores Lenskart’s commitment to expanding its manufacturing capabilities and strengthening its position in the global eyewear market. The company has been rapidly growing its business through a combination of organic growth and strategic acquisitions. In 2023 alone, Lenskart raised nearly $850 million from various investors, which has enabled it to pursue ambitious projects like this one.

Competitive Landscape

Founded in 2010 by Peyush Bansal, Amit Chaudhary, Ramneek Khurana, and Sumeet Kapahi, Lenskart operates over 2,500 stores globally, with approximately 2,000 stores located in India. The company competes with major players such as Titan Eyeplus, Specsmakers, Vision Express, Warby Parker, and Luxottica Group. By establishing this large-scale manufacturing facility, Lenskart aims to enhance its competitive edge and reduce reliance on external suppliers.

Conclusion

Lenskart’s decision to invest in Telangana for its largest eyewear manufacturing facility marks a significant step forward for the company as it seeks to optimize production capabilities and expand its market reach. With strong government support and a focus on innovation through R&D, Lenskart is well-positioned to become a global leader in the eyewear industry while contributing positively to the local economy through job creation and investment. As the company continues to grow and evolve, it remains dedicated to providing high-quality eyewear solutions that meet the needs of consumers both domestically and internationally.

Continue Reading
Advertisement
3 Comments

3 Comments

  1. droversointeru

    December 31, 2024 at 10:14 am

    Really great visual appeal on this internet site, I’d rate it 10 10.

  2. binance

    April 16, 2025 at 12:43 am

    Thanks for sharing. I read many of your blog posts, cool, your blog is very good.

  3. bonus di registrazione binance

    April 28, 2025 at 12:52 am

    Thank you for your sharing. I am worried that I lack creative ideas. It is your article that makes me full of hope. Thank you. But, I have a question, can you help me?

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest News

Apple’s iOS 18.7 vs iOS 26: Which Update Should You Choose for Your iPhone in 2025?

Published

on

StartupStories iOS 26

Apple’s recent iOS 18.7 rollout provides a secure alternative to the visually revamped iOS 26, empowering iPhone users to choose between system stability and next-generation features. While iOS 18.7 focuses on important security updates and bug fixes, it maintains the familiar iOS experience for users of older devices like iPhone XS, XS Max, XR, and SE models up to the 16e. The update is lightweight—about one-fifteenth the size of iOS 26—which means quicker downloads and less storage consumption. It’s designed for reliability and fast installation, making it ideal for users who prioritize a stable and secure operating system over design changes.

In contrast, iOS 26 introduces Apple’s ambitious “Liquid Glass” interface with a transparent look across apps, enhanced widget and lock screen customization, smarter Siri, and improved camera controls. These innovations, however, come with a larger update size and compatibility exclusive to newer iPhones beginning from the iPhone 11 series. While early adopters can enjoy the futuristic interface and AI-powered upgrades, major OS launches may present initial bugs or app compatibility issues that cautious users typically wish to avoid.

Choosing between iOS 18.7 and iOS 26 depends on each user’s priorities—those seeking guaranteed stability and fast security fixes should consider sticking with iOS 18.7, while users excited about premium features and visual changes should migrate to iOS 26 if their device supports it. Both updates are available through Software Update settings, and Apple will support iOS 18.7 for only a limited duration, eventually encouraging all users to transition to the latest platform. This dual update strategy ensures every iPhone user can safely update their device for a seamless and secure experience in 2025.

Continue Reading

Latest News

Deep-Tech Startup EndureAir Raises INR 25 Crore from IAN Alpha Fund to Boost Drone Innovation

Published

on

StartupStories

EndureAir, a deep-tech drone startup specializing in UAV (Unmanned Aerial Vehicles) and aerial robotics solutions, has successfully raised INR 25 crore in a funding round led by IAN Alpha Fund, with participation from IAN Angel Fund. The fresh capital infusion will enable EndureAir to enhance its advanced drone technologies for defense applications, broaden its reach in enterprise markets, and accelerate the development of next-generation high-altitude logistics and aerial robotics platforms.

Founded in 2018 by Dr. Abhishek, a professor of Aerospace Engineering at IIT Kanpur, along with his former students Rama Krishna and Chirag Jain, EndureAir stands out in India’s indigenous UAV sector by developing both hardware and software in-house. Backed by over 15 years of rotorcraft research and holding eight patents in flight dynamics and autonomous systems, the company has rapidly established itself as a pioneer in the deep-tech drone ecosystem.

EndureAir’s flagship drone platforms, including the Sabal heavy-lift UAV family inducted by the Indian Army’s Eastern Command and the Vibhram drone supporting Telangana’s Medicine from the Sky program, are deployed in critical operations. The startup also collaborates with Bharat Electronics Limited for co-developing high-altitude drones and works with Bhutan’s Druk Holding & Investments on remote logistics missions. With this funding, EndureAir aims to position India as a global leader in UAV innovation, advancing resilient domestic drone systems for defense and enterprise applications.

Continue Reading

Latest News

Venture Catalysts Raises Rs 150 Crore to Boost Multi-Stage VC Platform and AI Capabilities

Published

on

StartupStories

Venture Catalysts, a leading Mumbai-based venture capital platform, has secured Rs 150 crore (around $18 million) through a strategic mix of primary and secondary transactions. This fresh round of funding resulted in a company valuation of approximately $200 million and drew participation from high-profile investors such as Ashish Kacholia, the Shah Rukh Khan family office, Aishwarya Rai, as well as several established capital market veterans and renowned business houses. The move not only demonstrates strong investor confidence but also positions Venture Catalysts at the forefront of India’s rapidly evolving startup landscape.

The infusion of capital is earmarked to accelerate key initiatives, including expanding Venture Catalysts’ leadership team, launching new investment funds, and exploring advanced technology solutions with an emphasis on AI-enabled due diligence and reporting tools. Additionally, the firm aims to strengthen its footprint across major Indian startup hubs and grow its suite of Category II alternative investment funds, harnessing this growth to support a new wave of promising startups and founders within the ecosystem.

Since its inception in 2016, Venture Catalysts has evolved from an angel network to a multi-fund powerhouse, managing over $500 million in assets and deploying nearly $200 million across more than 400 startups, including industry leaders like BharatPe, Renee Cosmetics, and InsuranceDekho. This latest funding round reinforces Venture Catalysts’ pivotal role in nurturing and scaling some of India’s most innovative startups, catalyzing growth throughout the country’s thriving entrepreneurial sector.

Continue Reading
Advertisement

Recent Posts

Advertisement