Entrepreneur Name – Piyeush Kalra and Sunil Chabbra
About the Entrepreneur – Piyeush Kalra and Sunil Chabbra are the co-founders of eyenic.
LinkedIn Profile – https://www.linkedin.com/in/piyuesh-kalra-a20462143/
| Brand Name | Eyenic |
| Brand Website | https://eyenic.in/ |
| Business Category | Eyewear |
Innovation – Yes, Eyenic Eyewear Business aims to create a world-class optical brand by providing high-quality eyewear products at affordable and genuine prices, believing that luxury is not solely determined by the price of a product.
| Company Valuation | ₹12.5 Crores |
| Equity Asked | ₹75 Lakhs for 6% Equity |
| Deal Closed | No |
| Final Shark Tank Deal | No Deal |
| Target City/Country | Worldwide |
| Total Addressable Market | INR 966.73 Bn |
| Product | Eyewear |
About the Product – Eyenic is a brand that produces affordable, high-quality and distinctive eyewear. The company was established in the 2017-18 period and has expanded to over 300 retail stores in five states, with over 125,000 units sold to date.
Their goal is to establish Eyenic as a well-known brand throughout India, putting them in direct competition with Lenskart and John’s & Jacob’s.
Conclusion –
Piyeush Kalra and Sunil Chabbra asked ₹75 Lakhs for 6% Equity. None of the sharks were interested in the deal. It concluded in No Deal.
