Acquisition Alert- The eyewear startup Lenskart has recently entered the Unicorn club last year. And now acquihired Hyderabad-based delivery startup Daily Joy to boost its technology stack, expertise, and engineering capability to operate seamlessly.
The acquired venture is a grocery and essentials delivery startup that has operations in Tier ½ cities which involves Lucknow and Hyderabad. However, this new acquisition is only centered around augmenting the firm’s team skills, and strength while leveraging the tech expertise.
It’s not only about acquisitions, but Lenskart is also looking to hire more than 100 engineers, especially for its Hyderabad hub which will house engineers in several teams across product, design, and development, front end developers, java developers, Andriod, and IOS developers, quality engineers, and data science experts, all to make it more advance and pretty quick at one place.
This new technical workforce will empower Lenskart’s continuing innovation on Omni-channel technology, giving shopping across channels a much easy experience. And building a supply chain tech that can guarantee delivery of a make-to-order product through production facilities instantly.
Meanwhile commenting on the newest acquisition, Co-founder of Lenskart Ramneek Khurana said- “We are immensely excited to inaugurate the new tech-center in Hyderabad & have Satish and his team onboard. With deep experience in setting up and building tech startups, he is the right fit for Lenskart and its mission. The Hyderabad team will be at the forefront of engineering, new initiatives & innovation. We plan to double our current 150 member technology team with new recruitments in engineering, product, and data science functions, in the next 6 months. We want to make Hyderabad a base for quality and consistent engineering to support the high-growth phase of the company. The team expects to station mature technology leaders & young local talent with 10x thinking that can spearhead this growth with focus, energy, and innovation”.
Daily Joy’s diligent team of professionals in product, design, and technology, has been together for more than 5 years. Another capturing fact is it has launched 3 startups so far, the latest being in the B2C space. Hence, this would surely align with Lenskart’s needs, competencies, and values. Another thing has skills in building and managing new initiatives across borders, which will be a great asset too.