Stake sale · AI & Deep Tech

Lenskart increases stake in AjnaLens parent Dimension NXG

By Startup Enthusiast · 15 September 2026

Date: 15 September 2026
Company: Dimension NXG
What it does: Deep-tech XR hardware manufacturer
Kind: Stake sale
Amount: Rs 7.99 Cr
Stage: growth
Based in: Mumbai
Founded: 2014
Sector: AI & Deep Tech

What they do

Dimension NXG operates the AjnaLens brand, which designs and manufactures industrial-grade XR (extended reality) headsets and AI-powered smart glasses for…

What happened

Lenskart increased its stake in the company to 9.01% by acquiring an additional 1.8% shareholding for Rs 7.99 crore in September 2026

Why it matters

This transaction marks Lenskart's third investment in the startup this year, aiming to strengthen its strategic partnership in the smart wearable and AI…

The details

Lenskart Solutions increased its ownership in Dimension NXG to 9.01%.
The company purchased an additional 1.8% stake for Rs 7.99 crore.
This transaction was finalized on September 13, 2026.
Lenskart has now completed three separate stake purchases in the company throughout 2026.
The total investment for these three 2026 tranches amounts to Rs 18.5 crore for a 4.17% stake.
Lenskart initially partnered with the startup in July 2025 to develop AI-powered smart glasses.

The bigger picture

Lenskart aims to integrate its eyewear design expertise with the startup's XR and AI capabilities.
The partnership focuses on advancing the development of AI-powered smart glasses.
Lenskart is actively expanding its footprint in the smart wearable technology market.

About the business

Dimension NXG operates under the brand name AjnaLens.
The company specializes in deep-tech XR hardware and software solutions.
Key products include AjnaVidya for AI and XR ecosystems and AjnaXR hardware.
The firm serves high-profile clients in the defense and enterprise sectors.
Notable customers include the Indian Army, DRDO, Tata Motors, and Larsen & Toubro.
Applications include VR training, remote assistance, digital twins, and AR surveillance.
The company was established at IIT Bombay.

The deal

Type: stake-sale

Investors

Lenskart Solutions (buyer) — A major eyewear retailer operating in India, UAE, Singapore, and Japan.

Founders

Pankaj Raut, Co-Founder & CEO
Abhijit Patil, Co-Founder & COO
Abhishek Tomar, Co-Founder & CTO

Same day

All startup news on 15 September 2026 →