EyeGear Optics eyes $150 mn revenue by 2027
Through its EyeGear brand, it aims to add further 10,000 retailers
image for illustrative purpose
Hyderabad: City-based EyeGear Optics India Pvt Ltd, an optical platform said it plans to reach a target of over 10 million Indian consumers every year through its brands Ben Franklin and EyeGear. Having a current turnover of $35 million, the company also announced its plans to reach $150 million revenue, per annum, by 2027. Through its EyeGear brand, the company which has partnered with 2400 optical retailers, aims to add further 10,000 retailers.
Founded in 2008, EyeGear Optics India Pvt Ltd is the parent company of two eyewear brands -Ben Franklin and EyeGear. EyeGear is an end-to-end, one stop B2B optical platform for independent mom-and-pop optical retailers. They have a range of more than 2,500 designs. And, the company has 500 eye hospital-based stores across India.
Raj Pyla, CMD of EyeGear Optics India said, "Our company is constantly seeking new ways to disrupt the optical industry by offering millions of customers affordable fashion. Over the years our research has exposed several pain points not only from consumers' point-of -view but even from the retail point of view."
Pyla further informed that the company has partnership with eye hospitals across India to provide eyewear and eye care. "We also support independent mom-and-pop shops with strong supply chains, innovative technology solutions, branding and advertising, retail expertise, and data capabilities," he added.
The company has so far raised $8.24 million over two rounds from Asian Healthcare Fund and VenturEast.
