A year-old full stack eyewear platform EyeMyEye has raised Rs 39.35 crore or $5 million led by LC Nueva AIF which is a joint entity by Singapore headquartered Lighthouse Canton and Delhi-based Nueva Capital and others.
LC Nueva AIF led the round with Rs 18.65 crore while Lets Ventures and Rajesh Bothra (Kobian Pte Ltd) pumped in Rs 2.75 crore and Rs 10 crore respectively.
LC Nueva is an India-focused fund that raised Rs 300 crore ($40 million) in its maiden corpus in April this year. About 25% of the total fund size came from the investment manager and key stakeholders of Lighthouse Canton, said the investment firm at the time of its launch.
According to estimates, the valuation of the Gurugram-based company is around Rs 142 crore or $18 million (post-money). During the last funding, it was valued at Rs 102 crore.
Founded in 2021 by Ganesh Iyer and Sudha Kalyan, EyeMyEye is an online retailer for eyewear and claims to have a million customers. It competes with the likes of Lenskart, Himalaya Opticals, MedPlusLens, Cool Winks and Lens2Home among others in the eyewear space.
This is the second funding round for EyeMyEye in the past nine months. In November, the startup had raised Rs 20.5 crore in its pre-Series A round from angel investors and a clutch of high-net-worth individuals.
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