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Lenskart Acquires Japan’s Owndays to Form Asian Eyewear Giant!

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Lenskart Acquires Japan’s Owndays to Form Asian Eyewear Giant!

Indian eyewear retailer Lenskart has announced its acquisition of a majority stake in Japan’s Owndays Inc., marking a significant step toward creating one of Asia’s largest online eyewear retailers. Supported by SoftBank Group, Lenskart has finalized a deal to purchase shares of Owndays from major stakeholders L Catterton Asia and Mitsui & Co. Principal Investments.

Deal Overview

The acquisition is valued at approximately $400 million, according to Bloomberg, and positions Owndays to operate as a premium eyewear brand while Lenskart continues to focus on the middle and mass market segments. Although Lenskart will hold a majority stake, the acquisition is structured as a merger, allowing Owndays to maintain its independent operations under the leadership of co-founders Shuji Tanaka and Take Umiyama.

Expansion of Market Reach

This strategic acquisition expands Lenskart’s footprint to 13 Asian markets, including Singapore, Thailand, Taiwan, the Philippines, Indonesia, Malaysia, and Japan. Founded in 1989, Owndays has been a pioneer in eyewear retail, launching its first overseas stores in 2013. Today, it operates 460 outlets across various countries in addition to Japan.

Market Potential

Lenskart’s co-founder and CEO, Peyush Bansal, emphasized the vast untapped potential in the eyewear market, stating, “About 4.5 billion people worldwide need prescription glasses, but only half of them have access. This represents a $50 billion to $100 billion opportunity and a chance to build an Amazon for eyewear.” This statement underscores Lenskart’s vision of democratizing access to eyewear products.

Financial Projections

With this acquisition, Lenskart and Owndays project combined sales of $650 million for the fiscal year ending March 2023. Lenskart alone is expected to reach profitability at $400 million in sales within the same period. Founded in 2010, Lenskart has rapidly grown into India’s leading e-commerce portal for eyewear, achieving a remarkable 65% growth rate last year and projecting even higher numbers this year.

Strategic Vision

This partnership solidifies Lenskart’s position as a leader in the global eyewear market by combining innovative retail strategies with a strong regional presence. The merger allows Lenskart to leverage Owndays’ established brand reputation and operational expertise while expanding its product offerings into the premium segment.

Lenskart has also been focusing on enhancing its technological capabilities, investing in digital transformation initiatives aimed at improving customer experiences across both brands. The acquisition aligns with Lenskart’s broader strategy of integrating advanced technology into its operations, which includes plans for supply chain automation and enhanced online services.

Future Outlook

As Lenskart continues its expansion across Asia, this acquisition not only strengthens its market position but also opens up new avenues for growth in an increasingly competitive landscape. By merging with Owndays, Lenskart aims to redefine the eyewear shopping experience for consumers across diverse markets while addressing the significant unmet demand for quality eyewear solutions.

In conclusion, this strategic move positions Lenskart as a formidable player in the Asian eyewear market, poised to capitalize on emerging opportunities while delivering value to customers through enhanced product offerings and services.

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2 Comments

2 Comments

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CoRover Unveils BharatGPT Mini: India’s First Offline Multilingual AI

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BharatGPT

CoRover has launched BharatGPT Mini, India’s first offline multilingual AI model, at VivaTech 2025 in Paris, with the event officiated by Union Minister Jitin Prasada. This innovative Small Language Model (SLM), featuring around 534 million parameters, is specifically designed for edge devices and low-compute environments, enabling robust AI capabilities without the need for cloud connectivity. Its ability to function entirely offline and support 14 Indic languages makes it a powerful tool for digital inclusion, particularly in rural and remote regions where internet access is limited.

BharatGPT Mini’s architecture is optimized for deployment across various sectors, including healthcare, education, banking, and governance, allowing citizens to interact with essential services in their native languages. The model can be integrated into small businesses, government offices, and other organizations through the CoRover Builder platform, which offers a no-code solution for deploying AI assistants across web, telephony, and IoT systems. By processing data locally and encrypting it on-device, BharatGPT Mini ensures strong privacy and data sovereignty, aligning with India’s strategic goal of developing indigenous AI solutions. 

The launch has garnered strong support from both the Indian government and industry leaders, who see BharatGPT Mini as a catalyst for democratizing access to digital services. CoRover anticipates significant growth in the adoption of Small Language Models, with early feedback indicating a substantial increase in project demand. As CoRover looks to expand its expertise globally, BharatGPT Mini stands out as a scalable, multilingual, and privacy-centric solution, setting a new standard for inclusive and sovereign AI innovation in India’s diverse landscape.

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Kerala Startup E-Quark Launches Innovative Mobile Holder with Built-In Charger

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Kerala-based startup E-Quark Molecule Innovations Pvt Ltd, headquartered in Thrissur, has introduced an innovative device called Keratin that combines a mobile phone holder with a built-in charger. This unique gadget is designed to offer users a convenient solution to hold and charge their smartphones simultaneously, addressing the common challenge of managing power supply while using mobile devices.

The device enhances user experience by integrating two essential functions into one compact design. It securely holds the phone while providing efficient charging, making it perfect for use on desks, bedside tables, or other personal spaces where easy access and power are needed. This innovation aligns with the growing trend of multifunctional mobile accessories that prioritize both convenience and practicality.

E-Quark Molecule Innovations is a key player in Kerala’s dynamic startup ecosystem, which has been rapidly expanding in tech-driven areas such as electric vehicle charging infrastructure. With the launch of this mobile holder-charger, the company is establishing itself as a leader in user-centric mobile accessories, further cementing Kerala’s position as a hub for cutting-edge technology development.

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New Instagram Features Let Users Customize Profiles and Share Quietly

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Instagram is rolling out two major features in June 2025 that promise to give users unprecedented creative control and privacy: grid rearranging and silent posting. The long-awaited grid rearranging tool allows users to freely drag and drop posts anywhere on their profile grid, breaking away from the traditional chronological order. This means users can now curate their profiles for a more visually appealing or thematic presentation, without the hassle of deleting and reposting content—an update especially welcomed by brands, creators, and anyone meticulous about their digital aesthetic.


In tandem, Instagram is introducing the “Post quietly to profile” feature, which lets users add photos and videos to their grid without notifying followers or pushing the content to their feeds. This silent posting option is ideal for those who want to document moments privately, experiment with new content, or maintain a cohesive grid without spamming their audience. It’s designed to reduce the pressure of public sharing, making Instagram a more comfortable space for personal expression and experimentation.

 

These updates reflect Instagram’s commitment to user empowerment and flexibility, responding directly to years of feedback. As Instagram head Adam Mosseri stated, the goal is to help users “create and share without added pressure,” giving them more freedom over how their content appears and how they engage with their audience.

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