- The funds will be deployed to drive the expansion of the hospital-based optical retail chain into new territories, fostering further growth.
January 2024: Optimizers, a distinguished hospital-based optical retail chain incubated by India Accelerator, has successfully raised an undisclosed amount in its seed funding round, spearheaded by Finvolve. This funding initiative also garnered support from prominent players such as Brew Opportunities Fund and Recyclean Infotech Private Limited.
The newly acquired capital will be strategically utilized to fortify Optimizers’ presence in key regions, intensify coverage across states in India, and reinforce the capabilities of the LitHous Training Academy. Additionally, a portion of the funds will be allocated to advance their Enterprise Resource Planning (ERP) system and procure ample inventories, a pivotal step to bolster their expansion plans. The overarching goal is to consolidate their market position, enhance operational efficiency, and achieve sustainable growth and an increased market share.
Established in 2020, Optimizers stands out as a hospital-based optical retail chain, collaborating with renowned corporate hospitals and institutes such as EyeQ Superspeciality Eye Hospitals and CL Gupta Eye Institute, among others. Operating across Haryana, Punjab, Delhi, UP, and Rajasthan, Optimizers co-locates with state-of-the-art hospital facilities and skilled medical professionals. The core focus lies in delivering high-quality eyewear and personalized services to consumers not only in tier I, II & III cities but also beyond. A distinctive revenue-sharing model ensures superior lens dispensing solutions for patients while fostering increased profitability for partnering doctors.
The founder and Director of Optimizers, Saurabh Bhatia, expressed deep concern over the rising issue of curable blindness, identifying it as an emerging epidemic in India. Bhatia highlighted that an alarming 10 crore citizens lack awareness and access to prescription spectacles. Optimizers is committed to making a widespread impact by forming partnerships with private and public entities. Their mission is to provide specialized spectacle services to every citizen in India, bridging the gap in eyecare accessibility nationwide. The secured funds represent a significant step forward, bringing Optimizers closer to its ultimate objective. These resources will be instrumental in enhancing operational capabilities and facilitating nationwide expansion.
Adding to this sentiment, Munish Bhatia, Co-Founder of India Accelerator & Vertical Partner – Impact Labs, emphasized the urgency of addressing the surge in myopia cases in India. He lauded Optimizers as an innovative solution, well-positioned in the domain, and showcased impressive growth in both operations and revenues. Being the first institutional investors, India Accelerator Impact Labs proudly supports Optimizers on its mission to eradicate curable blindness by connecting them with networks of doctors and aiding expansion into different geographies in India.
The startup is actively engaged in establishing a robust digital presence as it steadfastly works towards expanding its reach nationwide.
