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Lenskart to Build Largest Eyewear Manufacturing Facility in Telangana!

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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.

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Blissclub Raises INR 33 Crore in Fresh Funding Months After Layoffs

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Blissclub, the women-centric D2C apparel brand, has raised INR 33 crore in a Pre-Series B funding round led by Elevation Capital, with Eight Roads Ventures also participating. This funding comes just three months after the company laid off 18% of its workforce-about 21 employees from creative, sales, marketing, growth, and product teams-due to high cash burn and challenges in securing new capital.

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Founded in 2020 by Minu Margeret, Blissclub started as an online activewear brand for women and has since diversified its product range and established offline stores. Despite recent restructuring, the company’s revenue grew 27% to INR 86.9 crore in FY24 from INR 68.3 crore in FY23, though net losses also increased to INR 43.9 crore.

Blissclub’s successful fundraising, despite recent layoffs, underscores both the ongoing challenges and the resilience of India’s D2C startup sector in a difficult funding environment.

 

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Apple to Shift Entire US iPhone Assembly to India by 2026

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Apple is set to relocate all assembly of iPhones destined for the US market from China to India by the end of 2026, marking its biggest manufacturing shift in decades. The move is driven by escalating US-China trade tensions and steep tariffs—up to 145% on Chinese imports—making Chinese assembly increasingly costly for Apple. Although some smartphone imports are temporarily exempt, a 20% duty still applies to Chinese-made iPhones entering the US.

 

India, in contrast, offers a more favorable trade environment, with a paused 26% reciprocal tariff and ongoing negotiations for a bilateral trade deal with the US that could shield Indian exports from future levies. Apple plans to more than double its current iPhone output in India, aiming to assemble over 60 million units annually for the US market. The company already produces about 25% of its global iPhones in India, working with partners like Foxconn, Tata Electronics, and Pegatron.

 

This shift is part of Apple’s broader strategy to diversify its supply chain and reduce reliance on China amid geopolitical risks. However, the transition’s success will depend on how quickly India can scale up its manufacturing capabilities and the outcome of ongoing trade negotiations.


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PhonePe’s PINCODE Launches 10-Minute Medicine Delivery in Cities

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Customers without prescriptions can select a “no prescription” option when ordering; a qualified doctor then provides a free teleconsultation and issues a digital prescription compliant with telemedicine guidelines, ensuring seamless access to medicines. The app offers competitive pricing by passing discounts from local pharmacies directly to customers and charges no delivery fees.

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