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Lenskart Solutions has raised its stake in Dimension NXG, the parent company of AjnaLens, to 9.01% following an additional investment of Rs 8 crore in the extended reality (XR) startup.
According to a regulatory filing, the eyewear company acquired a 1.8% stake in Dimension NXG for Rs 7.99 crore. The transaction was completed on September 13, 2026.
This marks Lenskart’s third investment in Dimension NXG this year. It acquired a 0.68% stake in February and a further 1.69% stake in July. Following these three transactions, its holding has increased from 4.84% to 9.01%.
Lenskart has invested a total of Rs 18.5 crore to acquire the additional 4.17% stake through these transactions.
The latest investment is expected to strengthen Lenskart’s strategic association with XR, artificial intelligence (AI) and smart wearable technologies, while supporting technology-led opportunities in smart eyewear.
Lenskart made its first investment in AjnaLens in July 2025 to develop AI-powered smart glasses. The partnership combines Lenskart’s expertise in frame design and engineering with AjnaLens’ capabilities in XR technology.
Founded in 2014 by Pankaj Raut, Abhijit Patil and Abhishek Tomar, AjnaLens develops XR-based hardware and software solutions for sectors including defence and enterprises.
Dimension NXG reported a 35% decline in turnover to Rs 10.36 crore in FY26 from Rs 15.97 crore in FY24.
The latest investment comes as Lenskart increases its focus on smart eyewear. The company has launched products including Phonic audio glasses and is developing AI-powered smart glasses. It has also partnered with Qualcomm for the technology stack supporting its smart glasses.
