‘EyeMyEye’ achieves valuation of Rs102 crores after Rs 20.5 crores infusion from marquee investors

"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," the company said, underscoring future plans.

EyeMyEye Pvt. Ltd. has 30+ International Eyewear Brands listed on its platform.

Its valuation crossed Rs 102+ crores within four months of launch 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 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”.

Marquee investors who have participated in this round of funding are Brijesh Agarwal - Cofounder Indiamart, Baskara Rao – Chief Technology Officer at Seviora Holdings Pte Ltd (a subsidiary of Temasek) and Raghav Gupta – MD Asia Pacific for Coursera, also an Insead alumni.

All have invested in their personal capacity.

"By being a part of a global network for over six years in their past venture, the team aims at giving Indian audience, the best quality products at unmatched prices, which is currently a challenge in the domestic market. EyeMyEye brings 6000+ stylish eyewear designs with a huge assortment of international range too," the company said.