Lenskart Increases AjnaLens Stake To Over 9% To Deepen Smart Glasses Push

Lenskart has amplified its stake in AjnaLens, an extended reality (XR) startup, with a ₹8 crore investment to bolster its foray into smart eyewear and wearable technology. According to a regulatory filing, Lenskart bought an extra 1.8% stake in AjnaLens, raising its overall holding to 9.01% from 7.21%. This follows two earlier acquisitions this year, increasing Lenskart's stake by 4.17% from the original 4.84%.

The investment aims to deepen Lenskart's strategic alliance with the XR, AI, and smart wearable technology sector, while supporting opportunities in smart eyewear. Launched in 2014, AjnaLens specializes in hardware and software solutions using XR technology, catering to sectors like defense and enterprise. The startup reported a revenue of ₹10.4 crore in FY26, down 19% YoY from ₹12.8 crore in FY25.

Lenskart's smart eyewear lineup includes its Phonic audio glasses and forthcoming AI-powered smart glasses. The company's B by Lenskart smart glasses have amassed over 30,000 users on its waitlist since the end of FY26. The smart glass sector saw a surge of over 1,000% globally in 2025, despite a slowdown in smartwatches and hearables, according to IDC data.