Latest News
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.
Latest News
D2C Brand Neeman’s Raises $4 Million for Tier 2/3 Store Expansion & Eco-Friendly Shoes
Hyderabad, January 13, 2026 Neeman’s, India’s leading D2C footwear brand famed for sustainable shoes and patented PIXLL® technology, has raised $4 million from existing investors. This funding boosts its cumulative capital past $10 million since 2015, with a post-money valuation nearing $50 million. CEO Vijay Chahoria emphasized offline retail as the “next frontier,” planning 50+ new stores in Tier 2/3 cities like Jaipur and Lucknow to blend eco-friendly innovation with hands-on customer experiences.
In India’s booming D2C ecosystem where footwear sales hit ₹1.2 lakh crore in 2025 Neeman’s targets hybrid retail amid high online CAC and 25-30% returns. Backed by vegan, machine-washable shoes priced ₹2,000-4,000, the brand leverages PIXLL® (5x more breathable than leather) for carbon-neutral comfort. Recent 5x revenue growth to ₹100 crore ARR, 1M+ pairs sold via Myntra and stores, and awards at India D2C Summit 2025 position it ahead of rivals like Paaduks.
Neeman’s offline expansion India eyes the $15B sustainable footwear market by 2028, fueled by PLI schemes, Gen Z’s 70% eco-preference (Nielsen), and Southeast Asia exports. Challenges like real estate costs are offset by data-driven inventory and omnichannel QR tech. Watch for Q1 2026 launches in Hyderabad and Bengaluru redefining D2C success through authentic, “Wear the Change” branding.
Latest News
Centre Mulls Revoking X’s Safe Harbour Over Grok Misuse
The Centre is weighing the option of revoking X’s safe harbour status in India after its AI chatbot Grok was allegedly misused to generate and circulate obscene and sexually explicit content, including material seemingly involving minors. The IT Ministry has already issued a notice to X, directing the platform to remove unlawful content, fix Grok’s safeguards, act against violators, and submit a detailed compliance report within a tight deadline. If the government finds X’s response inadequate, it could argue that the platform has failed to meet due‑diligence standards under Indian law, opening the door to harsher action.
Under Section 79 of the IT Act, safe harbour protects intermediaries like X from being held directly liable for user‑generated content, provided they follow due‑diligence rules and promptly act on legal takedown orders. Revoking this protection would mean X and its officers could be exposed to criminal and civil liability for obscene, unlawful, or harmful content that remains on the platform, including AI‑generated images from Grok. This prospect significantly raises X’s compliance risk in India and could force tighter moderation, stricter AI controls, and more aggressive removal of flagged posts.
The Grok episode also spotlights the regulatory grey zone around generative AI, where tools can create harmful content at scale even without traditional user uploads. Policymakers are increasingly questioning whether AI outputs should still enjoy the same intermediary protections as conventional user posts, especially when they involve women and children. How the government ultimately proceeds against X over Grok misuse could set a precedent for AI accountability, platform responsibility, and safe harbour interpretation in India’s fast‑evolving digital ecosystem.
Latest News
How Pronto Is Redefining 10-Minute Home Services in India with a $25 Million Fundraise
Home services startup Pronto is in advanced talks to raise about $25 million at a near-$100 million valuation, underscoring strong investor confidence in India’s fast-growing 10-minute home services market. This potential round would be the company’s third major funding milestone after its $2 million seed and $11 million Series A in 2025, backed by marquee investors such as General Catalyst, Glade Brook Capital, Bain Capital and new participant Epiq Capital. The fresh capital is expected to further strengthen Pronto’s positioning as a leading tech-led household help platform for urban consumers.
Pronto operates a 10-minute on-demand home-services platform that connects users with trained, background-verified workers for everyday tasks like sweeping, mopping, utensil cleaning, laundry and basic cooking. Using a hub-and-spoke, shift-based model, the startup stations workers at hyperlocal hubs, enabling sub-10-minute fulfilment and more predictable earnings compared to the informal domestic-help market. Founded in 2024 by Anjali Sardana and based in Delhi NCR, Pronto has already expanded from Gurugram into major cities such as New Delhi, Mumbai, Bengaluru and Pune, and is handling around 6,000 daily bookings with nearly 1,300 active professionals as of December 2025.
The upcoming $25 million fundraise is expected to be used to enter more metros, deepen presence in existing neighbourhoods with additional hubs and upgrade Pronto’s technology for smarter routing, shift planning and real-time operations. A significant portion of the capital will also go into training, retention and benefits for its workforce to maintain consistent service quality at scale, especially as competition heats up from rivals like Snabbit and Urban Company in the rapid home services space. This near-$100 million valuation not only validates Pronto’s model but also highlights a broader shift toward organised, tech-driven domestic-help solutions in India’s largely informal home-services market.

droversointeru
December 30, 2024 at 4:57 pm
Very interesting points you have noted, thanks for posting. “Above all be true to yourself, and if you can not put your heart in it, take yourself out of it.” by Hardy D. Jackson.
Khhbztdu
May 26, 2025 at 8:40 pm
Explore the ranked best online casinos of 2025. Compare bonuses, game selections, and trustworthiness of top platforms for secure and rewarding gameplaycasino slot machine.
Inscreva-se na binance
October 24, 2025 at 6:22 am
Can you be more specific about the content of your article? After reading it, I still have some doubts. Hope you can help me.
MM88
November 6, 2025 at 1:36 am
Với giao diện mượt mà và ưu đãi hấp dẫn, MM88 là lựa chọn lý tưởng cho các tín đồ giải trí trực tuyến.
站群程序
November 9, 2025 at 7:54 am
搭载智能站群程序,自动化搭建与管理,为SEO项目提供核心驱动力。站群程序
GO88
November 10, 2025 at 10:21 pm
Tham gia cộng đồng game thủ tại Go88 để trải nghiệm các trò chơi bài, poker phổ biến nhất hiện nay.
站群程序
November 12, 2025 at 12:27 am
采用高效谷歌站群策略,快速提升网站在搜索引擎中的可见性与权重。谷歌站群
Kuwin
November 14, 2025 at 5:08 am
kuwin sở hữu kho game đa dạng từ slot đến trò chơi bài đổi thưởng, mang đến cho bạn những giây phút giải trí tuyệt vời.
MM88
November 14, 2025 at 5:15 pm
Khám phá thế giới giải trí trực tuyến đỉnh cao tại MM88, nơi mang đến những trải nghiệm cá cược thể thao và casino sống động.
J88
November 23, 2025 at 1:28 am
Đến với J88, bạn sẽ được trải nghiệm dịch vụ cá cược chuyên nghiệp cùng hàng ngàn sự kiện khuyến mãi độc quyền.
Regístrese para obtener 100 USDT
November 28, 2025 at 11:07 pm
Your point of view caught my eye and was very interesting. Thanks. I have a question for you. https://www.binance.com/register?ref=IXBIAFVY
iwin
December 2, 2025 at 5:43 am
iwin – nền tảng game bài đổi thưởng uy tín, nơi bạn có thể thử vận may và tận hưởng nhiều tựa game hấp
Vulkan Casino Bonus
December 21, 2025 at 3:38 pm
Ja, Casino Barcelona ist für Spieler aus der Schweiz mit
einer internationalen Lizenz von Gibraltar legal und bietet höchste Sicherheitsstandards
durch moderne Verschlüsselungen. Die Spielauswahl, der schnelle Casino Barcelona Login sowie die attraktiven Boni werden häufig gelobt.
Besonders beliebt sind sowohl klassische Tischspiele als auch moderne Video-Slots und Live-Spiele.
Auch Stammkunden profitieren von laufenden Aktionen wie Reload-Boni,
Cashback oder exklusiven Turnieren. Speziell für Neukunden in der Schweiz hält
Casino Barcelona ein großzügiges Willkommenspaket bereit – inklusive Bonus und Free Spins.
Casino Barcelona überzeugt durch eine breite Spieleauswahl, attraktive Boni und hohe Sicherheitsstandards.
Wer nach einer Rundreise durch Spanien auch das Baskenland erkunden möchte, findet dort ebenfalls attraktive Spielbanken. Der Flughafen Barcelona-El Prat (BCN) bietet zahlreiche Direktverbindungen von deutschen Städten wie Frankfurt,
München oder Berlin. Wie in fast allen Casinos in Spanien werden klassische Casinospiele wie Amerikanisches und Französisches Roulette, Blackjack
und Baccara angeboten.
References:
https://online-spielhallen.de/vegas-casino-freispiele-ihr-weg-zu-gewinnen-ohne-risiko/