Dailyjoy acquisition to help Lenskart expand footprint

Lenskart’s acquisition of essential delivery start-up DailyJoy will help it strengthen its operations and expand its footprint in the domestic and overseas market. Lenskart has also opened a technology centre in Hyderabad to provide employment in various teams across product, design and development, quality engineering, front end developers, java developers, android and IOS developers and data science engineers.

The company plans to strengthen its team by employing over 100 people across engineering, product and design verticals in the next six months. Satish Sharma, ex-CEO, DailyJoy says, the collaboration will help synchronize the company’s synergies with Lenskart and add value to their remarkable journey going forward in the ever-evolving eye-wear industry.

Founded in 2010, Lenskart is funded by Softbank, Kedaara Capital, TPG, IFC, Premji Invest, and other marquee investors. The start-up is described as a unicorn as its valuation has crossed $1 billion.