Acquisition · Commerce & Consumer Brands

Lenskart acquires remaining stake in Quantduo Technologies

By Startup Enthusiast · 10 June 2026

What they do

Lenskart Solutions operates a technology-driven eyewear business designing and retailing prescription glasses, sunglasses, and contact lenses

The company purchased the remaining minority shareholding of 7.65% in Quantduo Technologies for ₹3.67 crore

This transaction makes Quantduo Technologies, which provides advanced analytics solutions, a fully owned subsidiary of Lenskart Solutions

Lenskart Solutions purchased the final minority holding of 7.65% in Quantduo Technologies, which trades as GeoIQ, to take full ownership.
The total consideration paid for this remaining block of shares reached ₹3.67 crore.
This purchase unfolded in two separate steps, including an acquisition of 3% announced via a regulatory filing and a prior 4.65% stake bought earlier in March 2026.
With these successive transactions finalized, the aggregate shareholding climbed from 92.35% to 100% of the fully diluted share capital.
Quantduo Technologies officially transitioned into a wholly-owned subsidiary of Lenskart Solutions.
The acquired target operates in the data sector, supplying advanced analytics solutions to corporate clients.
The target enterprise generated a turnover of ₹10.019 crore during the financial year FY25-26.

Lenskart Solutions continues to integrate specialized technology partners to strengthen its internal capabilities and digital infrastructure.
The purchase of the balance equity completes a multi-stage buyout process initiated earlier in the year.

Lenskart Solutions builds technology-enabled supply and distribution networks to improve access to affordable eyewear.
The enterprise designs, manufactures, brands, and retails prescription eyeglasses, sunglasses, contact lenses, and related accessories.
The online and offline storefronts cater to diverse customer segments with aspirational house brands.
Physical retail locations offer additional services such as free eye checkups and nearby store assistance.
The company operates across numerous cities through its omnichannel retail footprint.