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EyeMyEye Secures Rs 20.8 Crore in Pre-Series A Round to Fuel Growth in Eyewear Platform

EyeMyEye, a full-stack eyewear platform, has successfully raised Rs 20.8 crore (approximately $2.5 million) in a new tranche as part of its pre-series A round. The company's board passed a special resolution to issue 14,44,847 pre-Series A CCPS at an issue price of Rs 143.96 each, sourced from RoC filings.

RBA Finance & Investments and Ashish Ramesh Kacholia contributed Rs 10 crore each, with Sachin Shah participating with Rs 80 lakh. Post this investment, RBA Finance and Ashish Kancholia will hold 6.22% each of the company. The funds will be utilized to operate the business, achieve pre-defined milestones, and in line with the shareholder’s agreement.


Value of EyeMyEye is at approximately Rs 162 crore or $20 million (post-money). Established in 2021 by Ganesh Iyer, EyeMyEye offers a wide range of customized eyeglasses, sunglasses, and other eyewear-related products through its online and offline channels.


Having raised around Rs 90 crore ($11 million) to date, including a $5 million round led by LC Nueva AIF in August 2022, EyeMyEye continues its growth trajectory. The company recorded a 34% year-on-year growth to Rs 32.45 crore during FY23, with losses remaining steady at Rs 19.36 crore. EyeMyEye competes with established players like Lenskart, ClearDekho, Cool Winks, and Lens2Home, among others.

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