Eyemyeye – Startup Story | Founder| Ceo | Funding | History | Competitors

Introduction:

EyeMyEye hosts its very own non-public eyewear collections for men, women & children with over 4000+ eyewear designs to select from. With a faithful base of 1million clients, EyeMyEye maintains on its challenge to make you fall in love together along with your glasses!

Manufacturer and dealer of eyewear glasses supposed to decorate one’s high-satisfactory of lifestyles with the aid of using fixing imaginative and prescient troubles. The enterprise’s platform offers a huge variety of eyewear from in-residence collections and worldwide brands, it additionally caters to kids with its elegant variety of children eyeglasses, sunglasses, touch lenses, pc glasses and analyzing glasses, allowing clients to get a huge variety of eyewear collection.

About:

Founded with the aid of using Ganesh Iyer and released in 2021, EyeMyEye gives quite a number in-residence collections and worldwide brands. Apart from designs for men, women, and seniors, the platform additionally caters to kids with its elegant variety of children’s eyeglasses and sunglasses.

The logo’s 70,000 sq toes warehouse cum workplace area in Gurugram claims to have the ability to supply 5000+ orders in keeping with day. The logo additionally caters to important eyewear classes like colour blind glasses, colour converting frames, analyzing glasses, and lots of greater.

Further, the huge variety of lens alternatives consists of unmarried imaginative and prescient lenses, bifocals & progressives, 0 strength glasses, and virtual display safety eyeglasses for the smart ‘at home, on display’ masses.

EyeMyEye additionally hosts outstanding International Brands like Ray-Ban, Oakley, Vogue, Bausch & Lomb, and Alcon. Their imaginative and prescient is to enhance one’s high-satisfactory of lifestyles -with the aid of using fixing imaginative and prescient troubles with our Eyewear.

Website : https://www.eyemyeye.com/

Founder & Team:

It changed into based with the aid of using Ganesh Iyer in 2021. Its headquarter is in Gurgaon, Haryana, India. Sunil Raut is Co-founder & Head of Finance.

Nikhlesh Madan is Co-founder & Head of Supply & Logistics. Manish Kumar is Head of Marketing. Vinay Kumar is Co-founder & Head of Human Resource. Deepak Arora is Co-founder & Head of Engineering and ultimately Tannushree is Legal Head.

History:

This is simply based on 2021 and does now no longer have tons records of it.

Revenue:

Founded in 2020 with the aid of using Ganesh Iyer, Gurugram-primarily based totally EyeMyEye is an ecommerce eyeglasses store that sells greater than 6,000 (extraordinary SKUs of) prescription glasses, sunglasses, touch lenses etc.

The startup claims to have five.nine Mn particular traffic and a couple of Mn signal ups for the reason that September this year, and the platform treated multiple lakh transactions in September.

According to Deloitte, the eyewear marketplace in India is ruled with the aid of using the unorganised quarter which money owed for almost 80% of the general marketplace. Still, the organised marketplace percentage is developing swiftly at a tempo of virtually 15% GR. This boom is pushed with the aid of using expanded attention concerning photograph and style, as eyewear regularly shifts closer to being a style accessory.

Eyemyeye.com’s envisioned annual sales is currently $6.7M in keeping with year. Eyemyeye.com’s envisioned sales in keeping with worker is $72,500. Eyemyeye.com grew their worker be counted number with the aid of using 2225% remaining year.

Funding & Investors:

The Gurugram-primarily based totally startup has raised INR 20.five Cr ($2.seventy five Mn) at a valuation of INR 102 Cr ($13.seventy five Mn) in a Pre-Series A investment spherical. EyeMyEye has raised INR 20.five Cr ($2.seventy five Mn) at a valuation of INR 102 Cr ($13.seventy five Mn) in a Pre-Series A investment spherical.

Brijesh Agarwal (cofounder, Indiamart), Baskara Rao (CTO, Seviora Holdings: a subsidiary of Temasek) and Raghav Gupta (MD Asia Pacific for Coursera) participated withinside the spherical together with different excessive internet really well worth people and angel traders.

The startup claimed the investment got here at a valuation of Rs 102 crore, and it plans to utilise this capital for collection expansion, generation, and advertising and marketing. Commenting at the fundraise, Ganesh Iyer, Founder and CEO, EyeMyEye, said, “We are very thrilled to have such high-satisfactory names in our cap table.

The very reality that such marquee and verified traders have invested in us, suggests the extent of conviction, and religion they’ve almost about our bold boom prospects.”

Revenue Model:

It plans to apply the freshly raised capital for collection expansion, generation and advertising and marketing to counter mounted competition like Lenskart, Specsmakers, Coolwinks and Titan Eyeplus.

In October this year, Eye-put on startup had raised $four Mn in a Pre-Series A investment spherical led with the aid of using Ritesh Agarwal-led Aroa Ventures.

The Pre Series A spherical additionally noticed participation from different traders together with CK Jaipuria Family Office (Pepsi Bottlers AP), NB Ventures Dubai, Anuj Sheth of AAJ Ventures, Kitty Agarwal of Infoedge, Anand Chandrasekaran, Nandi Vardhan Mehta, Venture Catalysts, SOSV MOX, Gemba Capital, amongst others.

According to Research and Markets, the worldwide eyewear marketplace is projected to surpass $150.forty three Bn with the aid of using the cease of 2026, developing at a CAGR of 3.3%. Asian international locations like China and India will lead boom withinside the marketplace. 

Services Offered through EyeMyEye:

The most effective offerings are te first-rate high-satisfactory of lens and glasses with first-rate fee offered. You can order eye put on from EyeMyEye on line as well.

Competitors:

Its competition are –

• SupraSoft Tech. – SUPRASOFT TECHNOLOGIES PRIVATE LIMITED is classed as Non-executive enterprise and is registered at Registrar of Companies positioned in ROC-HYDERABAD.
• Nineleaps – Nineleaps is the “it” enterprise for those who need to be actual software program developers. This isn’t always tcs wipro or Infosys and it has manner greater publicity than a few super product primarily based totally companies.
• Phonepe – A Payments App constructed for India, with the aid of using Indians! Our Vision is to construct India’s biggest transaction platform anchored on payments.
• Lenskart – Lenskart is the main e-trade portal for eyewear in India. It has revolutionised the eyewear enterprise withinside the u . s . with its omni-channel approach.
• Deals4Opticals – Deals4Opticals.com is an initiative of Vision World Private Limited, which additionally has offline shops with the aid of using the call of ‘Himalaya Optical’
• Lensbazaar – Lens Bazaar is a main internet site for direct to client promoting of touch lenses retail enterprise positioned in New Delhi.
• GKB Opticals – GKB Opticals is a huge Indian store of optical merchandise (sunglasses, eyeglasses, touch lenses & accessories), and operates a couple of retail shops in India. Headquartered in Kolkata, the enterprise has over 70 shops throughout India and employs over six hundred people. Started in 1959, the enterprise installation its first retail outlet in Gariahat – Kolkata, that’s one of the flagship shops of the enterprise. GKB Opticals has grown to a huge retail chain of outlets, with way of life optical merchandise.
• Specsmakers.
• Titan Eyeplus – Titan EyePlus gives Indian customers a world-magnificence optical retail enjoy thru merchandise which show off the first-rate in present day design & style, coupled with optical understanding assured way to the technical collaboration with Sankara Nethralaya, India’s most fulfilling eye care institute.

Latest News:

• EyeMyEye pronounces first-of-its-type explicit shipping service, ‘2-Hours OR FREE’ withinside the eyewear category.
• EyeMyEye, a web platform for the eyewear marketplace, raised Rs 20.five crore in investment from angel traders.

Future Plans:

There isn’t anyt any replace but for it.

Some FAQs:

Can I get refund from EyeMyEye?

Refund can be processed with the aid of using Eyemyeye most effective if consumer contacts Eyemyeye the identical day. If incorrect prescription values are entered on the time of order placement. If consumer locations a couple of/bulk orders with the aid of using unethical method and additionally returns the identical.

How do you get purchase one get one from EyeMyEye?

BOGO is legitimate on pick collections & pick fee factors most effective. Out of the two, consumer has to pay for the only with a better price and the only with lesser price or same price can be free.

What is EyeMyEye comfort charge?

249.

Is EyeMyEye trusted?

Overall, eyemyeye.com is a secure and dependable internet site that gives a huge variety of favor accessories. It has been established with the aid of using the Safe Harbor program, which ensures its protection for users.

Is EyeMyEye Indian enterprise?

EyeMyEye is positioned in Gurgaon, Haryana, India.

Conclusion:

EyeMyEye, we consider in a multi-layer high-satisfactory test system so you do not must face any inconvenience at all. In a rare-event, in case you do not like what you’ve got received, you may freely go back the order inside 14 days of receiving the identical.

So with the aid of using this believe they triumphing coronary heart and marketplace as well.