Serial entrepreneur and former Unacademy Chief Business Officer (CBO) Abhinav Agarwal is making a bold entry into the eyewear industry with his latest startup, which has already raised $2.2 million in seed funding. The round was led by India Quotient, with participation from several high-profile angel investors from India’s startup ecosystem.
Though the startup remains in stealth mode, it has already generated buzz thanks to its strong founding team and impressive investor backing. The funds will be strategically deployed across key areas such as product research and development, brand building, team expansion, and inventory creation.
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Backed by Industry Stalwarts
The seed funding round saw participation from an illustrious list of startup veterans and investors. Some of the notable names include:
- Gaurav Munjal and Roman Saini, cofounders of Unacademy
- Kunal Shah, founder of CRED
- Kunal Bahl and Rohit Bansal, cofounders of Snapdeal
- Arjun Vaidya of V3 Ventures
- Utsav Somani, founder of Offline
- Abhiraj Singh Bahl, cofounder of Urban Company
- Sumit Gupta and Neeraj Khandelwal, cofounders of CoinDCX
- Phanindra Sama, cofounder of Redbus
- Dilipkumar Khandelwal, former CEO of Deutsche Bank India
This impressive lineup of investors adds both credibility and strategic value to the new venture.
A Vision-Driven Venture in Eyewear
While specific details of the product and branding strategy remain under wraps, the focus on eyewear suggests a foray into a fast-growing market driven by rising screen time, increasing awareness of eye health, and demand for affordable and stylish eyewear solutions. The sector has seen significant interest in recent years, with startups exploring innovations in prescription lenses, blue-light glasses, and fashion eyewear.
Agarwal’s new venture aims to disrupt the eyewear space by leveraging technology, customer-centric design, and possibly a direct-to-consumer (D2C) model, aligning with broader trends in India’s consumer startup ecosystem.
Abhinav Agarwal’s Entrepreneurial Journey
Agarwal has a proven track record in the startup world. Before joining Unacademy, he co-founded SwifLearn, an edtech platform that was acquired by Unacademy in 2021. Post-acquisition, he served as Unacademy’s CBO for nearly a year, playing a pivotal role in shaping its business strategy.
Prior to SwifLearn, Agarwal co-founded DoorMint, an on-demand laundry and home services startup. Though DoorMint shut down in 2017, it was a valuable learning experience that laid the foundation for future ventures.
What’s Next?
The eyewear startup’s stealth mode status indicates that the team is currently focused on perfecting the product and crafting a compelling brand narrative before going public. With significant capital at its disposal and an elite roster of backers, expectations are high for Agarwal’s next big play in the consumer space.
As the company prepares to launch, it’s positioned to make a strong impact in India’s competitive but underserved eyewear market.
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