Lenskart acquires majority stake in Japanese eyewear brand Owndays

Lenskart, an Indian prescription eyewear retail chain, has reportedly acquired a majority stake in Owndays, a Japanese direct-to-customer (D2C) eyewear brand, for $400m.

The deal is expected to create one of the top online eyewear retailers in Asia. It will help Lenskart grow its footprint in Asia to 13 markets.

Lenskart is backed by investors such as SoftBank, KKR, TPG, and others.

Lenskart acquires majority stake in Japanese eyewear brand Owndays. Photo courtesy of limorcohen from Pixabay.