As a
part of the company’s bullish expansion plans, Lenskart has announced its
investment in US based start-up, Ditto, which develops 3D face model for
Lenskart’s virtual trial service. Eyewear major Lenskart will be investing US$1
Million for a minority equity in Ditto.
Lenskart already employs Ditto's 3D try-on services on its
website and app. Further integration will help the company enhance its online
engagement with consumers, wherein they can share different pictures of
themselves trying various eye glasses, with their friends and relatives on
social media. Ditto is a VC-backed technology company that is improving how the
world’s best retailers sell eyewear.
Commenting on the announcement, Peyush Bansal, Founder
and CEO, Lenskart.com said “Lenskart as a company has always
believed in constantly innovating and leveraging the technology interface to
give customers a best in class experience. Ditto provides us with the patented
3D virtual try-on technology that allows customers to see themselves in eyewear
in 180° angles with realism. So far, the response to this service is
commendable with over 10,000 trials everyday. We have been evaluating our relationship
and now want to take it to the next level. With this association, Ditto has now
become a strategic partner for Lenskart and we certainly believe this will help
us achieve a wider and more satisfied customer base.”
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