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Lenskart eyes tech startups to buy out or acqui-hire and boost core biz

Omnichannel eyewear unicorn Lenskart, which recently raised $95 million from private equity firm KKR, will be investing in startups to gear up for its next phase of growth. Part of the growth will include acqui-hiring, acquisitions and investments into technology companies, said Ramneek Khurana, cofounder, Lenskart. “We are looking at acquisitions and aqui-hiring that makes us strengthen our presence in the omnichannel, online and supply chain areas,” added Khurana. The company claims to reach out to 100,000 customers a month. On the e-commerce side, it is weighing on startups which are providing custom-fit solutions to customers using AI and ML while in the supply chain area, Lenskart is looking for firms that are working in areas of automation and manufacturing that will help them scale up their plant operations further. The SoftBank-backed company has already announced two acquihires this year DailyJoy and HighApe. The acquihiring of DailyJoy has helped Lenskart open

Lenskart acquihires DailyJoy, to hire over 100 in 6 months

Lenskart acquihires DailyJoy, to hire over 100 in 6 months ​ By IANS | ​ 3 Views Lenskart acquihires DailyJoy, to hire over 100 in 6 months.. Image Source: IANS News New Delhi, April 27 : Eye-wear brand Lenskart on Tuesday said it has acqui-hired essential delivery startup DailyJoy along with opening a technology centre in Hyderabad that will provide employment to more than 100 people across engineering, product and design verticals in the next six months. The Hyderabad tech-hub will provide employment in various teams across product, design and development, quality engineering, front end developers, java developers, android and IOS developers and data science engineers. The aim is to deliver world-class engineering solutions to support Lenskart in expanding its footprint both at home and abroad.

Lenskart to strengthen tech team with more hires - The Hindu BusinessLine

Lenskart to strengthen tech team with more hires April 27, 2021 Inaugurates new centre in Hyderabad following acquisition of DailyJoy Omni-channel eye-wear brand Lenskart has inaugurated its new technology centre in Hyderabad wherein it plans to hire more than 100 engineers. This centre will be in addition to its existing centres in Delhi and Bengaluru and has been set up following the acquisition of a Hyderabad-based start-up, DailyJoy. Ramneek Khurana, Co-founder, Lenskart, said, “The Hyderabad centre will be at the forefront of engineering, new initiatives and innovation. We plan to double our current 150-member technology team with new recruitments in engineering, product and data science functions, in the next six months. We want to make Hyderabad a base for quality and consistent engineering to support the high-growth phase of the company.”

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