‘EyeMyEye’ achieves valuation of INR 102 crores post fund infusion of INR 20.5 crores from Marquee Investors
cityairnews
Nov 16, 2021 12:13
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Hyderabad/ Mumbai, November 16,2021: EyeMyEye - one of the largest online players in the eyewear market crosses a milestone valuation of INR 102+ crores after raising INR 20.5 Cr through Angels and HNI in Pre Series A funding. The funds raised shall be utilized for assortment expansion, technology and marketing and shall help to achieve the growth aspirations of the firm and counter competition.
EyeMyEye Pvt. Ltd. is one of the largest players in the Indian Eyewear industry and hosts 30+ International Eyewear Brands online. The brand provides genuine and high-quality products with fast-track deliveries. Within four months of launch, valuation of the company has crossed INR 102+ crores with 5.9 million unique users and 2 million signups. In September month alone the website has achieved 1Lac+ transactions.
Commenting on the fund raise Mr. Ganesh Iyer, Founder & CEO said, “We are very delighted to have such quality names in our cap table. The very fact that such marquee and proven investors have invested in us, shows the level of conviction and faith they have with regards to our ambitious growth prospects. We are very happy to onboard them and look forward to utilize their proven expertise in the start-up space that shall help us achieve our objectives”.
