Eyewear brand EyeGear Optics eyes revenue of $150 M per annum by 2027
- ByStartupStory | December 27, 2022
EyeGear Optics India Pvt. Ltd has announced its plans to reach US 150 million revenue per annum by 2027. The company has so far raised USD 8.24 million over two rounds from Asian Healthcare Fund and VenturEast.
Mr. Raj Pyla, Chairman and Managing Director commented on the developments “With EyeGear’s tech-enabled platform that provides an extensive range of 2500+ designs and styles that are fashionable, high quality and very affordable thereby enabling independent mom-and-pop optical retailers to satisfy customers’ growing aspirations. Our goal is to onboard a further 10,000+ optical retailers”.
In the coming generation and new era changing lifestyle, growing disposable income and awareness are growth drivers for the Indian eyewear industry. Technological advancement and rich customer experience are setting new standards for eyewear players. The fragmented market, limited penetration in smaller cities and towns, and the untapped independent optician channel are the opportunities that are going to drive the growth in this dynamic sector.
About Eyegear Optics
Founded in 2008, EyeGear Optics is one of India’s leading eyewear companies, catering to consumer needs . With a current turnover of USD 35 million, the company plans to serve over 10 million Indian consumers every year through its brands Ben Franklin & EyeGear. Through its Ben Franklin brand, the company has 500 eye hospital-based stores across India.
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