Tag: Mr. Ganesh Iyer

Business

EyeMyEye achieves valuation of INR 102 crores post fund infusion of INR 20.5 crores from Marquee Investors

Nov 16, 2021 by Rekha Nair 0 Comments #EyeMyEye Pvt. Ltd, #Founder & CEO, #Mr. Ganesh Iyer

Hyderabad/ Mumbai: EyeMyEye – one of the largest online players in the eyewear market crosses a milestone valuation of INR 102+ crores after raising INR 20.5 Cr through Angels and HNI in Pre Series A funding. The funds raised shall be utilized for assortment expansion, technology and marketing and shall help to achieve the growth aspirations of the firm and counter competition.

EyeMyEye Pvt. Ltd. is one of the largest players in the Indian Eyewear industry and hosts 30+ International Eyewear Brands online. The brand provides genuine and high-quality products with fast-track deliveries. Within four months of launch, valuation of the company has crossed INR 102+ crores with 5.9 million unique users and 2 million signups. In September month alone the website has achieved 1Lac+ transactions.

Commenting on the fund raise Mr. Ganesh Iyer, Founder & CEO said, “We are very delighted to have such quality names in our cap table. The very fact that such marquee and proven investors have invested in us, shows the level of conviction and faith they have with regards to our ambitious growth prospects. We are very happy to onboard them and look forward to utilize their proven expertise in the start-up space that shall help us achieve our objectives”.

Marquee investors who have participated in this round of funding are Mr. Brijesh Agarwal – Cofounder Indiamart, Mr. Baskara Rao – Chief Technology Officer at Seviora Holdings Pte Ltd (a subsidiary of Temasek) & Mr. Raghav Gupta – MD Asia Pacific for Coursera, also an Insead alumni. All have invested in their personal capacity.

EyeMyEye offers the best quality and wide array of products catering not only to the luxury segment but also value for money products suitable for all pockets. Being a storehouse of the coolest eyewear trends – to making quality eyewear accessible & affordable – EyeMyEye works relentlessly towards becoming a thought leader when it comes vision needs. By being a part of a global network for over 6+ years in their past venture, the team aims at giving Indian audience, the best quality products at unmatched prices, which is currently a challenge in the domestic market. EyeMyEye brings 6000+ stylish eyewear designs with a huge assortment of international range too.

Business World, News

Anvidha Technologies Private Limited to introduce a new entity– “EyeMyEye” in the eyewear market

May 11, 2021 by Rekha Nair 0 Comments #Anvidha Technologies Private Limited, #Founder & CEO, #Mr. Ganesh Iyer

Mumbai: ‘Vision’ is what drives businesses around the world.With a vision towards creatingits own niche in the eyewear market, Anvidha Technologies Private Limited will be introducing a new entity– ‘EyeMyEye’in India. Streamlining their vision with a fresh start, is the team that led their earlier brand to become one of the largest online optical players in India’s Eyewear Market. Eyemyeye.comwill be launched under the aegis of Mr. Ganesh Iyer, Founder & CEO, Anvidha Technologies Private Limited.

With a team size of 150+ members, bringing forth vital knowledge & experience in their armor, EyeMyEye is a leap to success.Further, the brand’s 70,000 sq. ft. warehouse cum office space in Gurugram and the capacity to furnish 5000+ orders per day, elevates it to a growth stage.

The new entity is likely to take the VC route. Commenting on the development, Mr. Ganesh Iyer, Founder & CEO, Anvidha Technologies Private Limitedsaid, “As of today, we hold 100% ownership in EyeMyEye, however, there has been substantial interest from the investor community envisioning the current market size plus the success of our last venture. We became one of the second largest players in the category in a short span and this time we plan to expand all our boundaries. We are open to investments and are currently in discussion with a couple of Global International Partners.”

TheEyeMyEyeteam is anchored by its members’ diverse and robust domestic and international experience in the eyewear industry. By being a part of a global network for over 6+ years, the team is focused ongivingIndian audience, the best quality products at unmatched prices, which is currently a challenge in the domestic market.Their global exposure in the past will give them a great upper hand at maintaining quality standards while their Pan India experience will help them to cater to Indian customer’s pockets and preferences.

Launchingin May 2021, with India’s largest media campaign,Eyemyeye.comwill have the largest share of voice in the market. The brand also plans on bringing-in big bang offers & never seen before prices for the customers.

About Anvidha Technologies Private Limited:

Anvidha Technologies Private Limited (ATPL)is committed to improve all lives. ATPL is focusedon bringing trusted brands that help to instrument change. Led by innovation, all verticals of Anvidha Group stand on the pillars of integrity, ethics &social responsibility.

Brands Labelled Under Anvidha Group:

1. Eyemyeye.com
At Eyemyeye.com, we are driven by passion to help people with clarity of vision. Founded in 2021,EyeMyEyeis an onlineplatformshowcasing a trendsetting range of 4000+ stylishEyeglasses, Sunglasses, Power Sunglasses, Contact Lenses, Reading Glasses, Computer Glasses & so much more.Withvariousin-house collections &International Brands, EyeMyEye brings in the best of both worlds. Don’t forget to keep an eye out for exclusive offers & deals at EyeMyEye.

2. Petsessentia.com
At PetsEssentia, our heart goes into making your pets happier& turning pet-parenting fun.We offer a wide range of branded pet-supplies for dogs, cats & other pets withuncompromised quality & class. From pet nutrition to hygiene, to great tasting food & treats;petsessentia.com is a one-stop shop for all your pet needs.