Is Lenskart betting its post-IPO future on AI-powered smart glasses? Here's what we know so far

Indian eyewear retailer Lenskart plans to launch its first pair of AI-powered smart glasses by the end of December, reported PTI, citing people familiar with the matter, as it looks to position itself as a technology-led lifestyle brand.

Internally called “B by Lenskart Smartglasses”, the device is expected to feature AI-based interactions, health and wellness insights, and UPI payment support, according to the report.

The smart glasses, built on Google’s Gemini 2.5 model, could launch within weeks of the company’s November 10 listing, though pricing has yet to be finalise.

"The smart glass aims to bring AI and commerce into the eyewear experience, where your glasses are not just for vision but also interaction and convenience," said one of the people cited earlier.

The product is likely powered by Qualcomm’s Snapdragon AR1 Gen 1 platform, a chipset built for lightweight augmented reality and AI camera applications.

The move follows Lenskart’s partnership with Qualcomm, announced at the Snapdragon for India XR Day in July 2025, where both companies said they would co-develop AI and AR solutions for Indian consumers.

How is Lenskart funding its next phase of growth?

The company, which operates an omni-channel eyewear retail network, launched its ₹7,278 crore initial public offering (IPO) on October 31 at a valuation of about ₹70,000 crore. The issue was fully subscribed on the first day and will close on November 4.

The IPO comprises a fresh issue of ₹2,150 crore and an offer for sale of shares worth ₹5,128 crore by promoters and investors, including Neha and Peyush Bansal, Amit Chaudhary, Sumeet Kapahi, and funds such as Kedaara Capital, Schroders Capital, SVF II Lightbulb (Cayman), and Alpha Wave Ventures.

Proceeds from the fresh issue will go toward expanding Lenskart’s company-owned retail stores and related lease payments, the company’s prospectus shows.

Ahead of the IPO, SBI Mutual Fund invested ₹100 crore and Avenue Supermarts founder Radhakishan Damani invested about ₹90 crore in the firm.

From retailer to tech brand

Over the past year, Lenskart has invested in startups in AI, XR, and computer vision, part of its strategy to evolve from a direct-to-consumer eyewear retailer into a “vision-tech ecosystem brand.”

The smart glasses launch would make Lenskart one of the first Indian consumer tech companies to commercialise AI-enabled eyewear, competing with products such as Meta-Ray-Ban Smart Glasses and Amazon Echo Frames, but at a price point and design language suited to Indian users.