Lenskart increases stake in AjnaLens parent to 9% with Rs 8 Cr investment

Lenskart Solutions has increased its stake in AjnaLens’ parent company, Dimension NXG, to 9.01% after investing an additional Rs 8 crore in the extended reality (XR) startup. The eyewear company acquired a 1.8% stake in Dimension NXG for Rs 7.99 crore, according to its regulatory filing. The transaction was completed on September 13, 2026. This is Lenskart’s third stake purchase in Dimension NXG this year. It acquired an additional 0.68% stake in February and another 1.69% stake in July. With these three transactions, Lenskart’s stake in the company has increased from 4.84% to 9.01%. The eyewear major has invested a total of Rs 18.5 crore to acquire the additional 4.17% stake through these transactions. Lenskart said the investment will strengthen its strategic association with the XR, artificial intelligence (AI) and smart wearable technology ecosystem, while supporting technology-led opportunities in smart eyewear. Lenskart first invested in AjnaLens in July 2025 to develop AI-powered smart glasses. The partnership combines Lenskart’s expertise in frame design and engineering with AjnaLens’ XR technology capabilities. Founded in 2014 by Pankaj Raut, Abhijit Patil and Abhishek Tomar, AjnaLens develops hardware and software solutions using XR technology. The startup caters to sectors including defence and enterprises. AjnaLens’ parent company reported a 35% decline in turnover to Rs 10.36 crore in FY26 from Rs 15.97 crore in FY24. The latest investment comes as Lenskart steps up its focus on smart eyewear. The company has launched products such as Phonic audio glasses and is also working on AI-powered smart glasses. It has partnered with Qualcomm for the technology stack for its smart glasses. Bareback Media has recently raised funding from a group of investors. Some of the investors may directly or indirectly be involved in a competing business or might be associated with other companies we might write about. This shall, however, not influence our reporting or coverage in any manner whatsoever. You may find a list of our investorshere.

Original source: Entrackr