Lenskart has strengthened its technology portfolio by acquiring the remaining stake in GeoIQ, a data analytics company that has been part of its group.
The transaction gives the eyewear retailer complete ownership of the business and further consolidates its presence in analytics-driven capabilities.
The company acquired an additional 3% stake in Quantduo Technologies Private Limited, which operates under the GeoIQ brand. This follows an earlier purchase of a 4.65% stake completed in March 2026.
With these transactions, Lenskart's ownership in GeoIQ has increased from 92.35% to 100%, resulting in the company becoming a wholly-owned subsidiary.
The combined consideration for the 7.65% stake acquired through the 2 transactions stood at ₹36.76 million, or approximately ₹3.68 crore.
GeoIQ operates in the technology and advanced analytics segment, providing data-driven solutions for businesses. The company has demonstrated consistent revenue growth over the last 3 financial years.
For FY26, GeoIQ reported turnover of ₹100.19 million, compared with ₹71.42 million in FY25 and ₹67.75 million in FY24. The FY26 performance represents growth of more than 40% over the previous year.
The business was incorporated in December 2018 and has established operations in India, focusing on analytics and technology solutions.
The acquisition aligns with Lenskart's efforts to deepen its technology capabilities and increase operational control over businesses that support its core ecosystem.
Full ownership provides greater flexibility in decision-making, integration and long-term strategic planning.
By bringing GeoIQ completely under its fold, Lenskart gains direct access to a growing analytics platform that can support data-led initiatives and future technology development across its operations.
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As of 10 June 2026, at 9:25 AM, Lenskart Solutions Ltd share price is trading at ₹506.45 per share, reflecting a surge of 0.61% from the previous closing price.
The completion of GeoIQ's buyout marks another step in Lenskart's technology-focused growth strategy. With full ownership now secured, the company is positioned to integrate the analytics business more closely into its broader operations while leveraging its expanding capabilities for future growth.
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Published on: Jun 10, 2026, 10:27 AM IST
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