Latest news with #Lenskart
Time of India
15 hours ago
- Business
- Time of India
Qualcomm sees 5G, AI-enabled smart glasses segment growing in India: Savi Soin
NEW DELHI: American chipmaker Qualcomm termed smart glasses as the next computing platform of the future, and said that it is bullish about its growth potential in digitally savvy India, combined with telecom carriers' fifth-generation ( 5G ) networks and artificial intelligence (AI). 'I think it will be amazing to see what smart glass can do for all of us. I feel it is the next computing platform of the future. We are very excited about it, and India, specifically, has very tech-savvy people. There are more than 300 million Gen Z citizens looking for different use cases, and 5G is just about everywhere,' Savi Soin , senior vice president, Qualcomm & president, Qualcomm India, said on Monday. 'So India is about to explode in terms of what spatial computing can do,' he said at the company's 'Snapdragon for India – XR Day'. He added that AI-enabled smart glasses are going to 'revolutionise everything we do'. Smart glasses, according to the San Diego-headquartered chip vendor, have applications in nearly all industry verticals, from education and healthcare to automobile and entertainment and productivity. Qualcomm offers the end-to-end stack for smart glasses, including chipsets and platforms, as well as, hardware and software development kits, enabling its original equipment manufacturer (OEM) and developer partners to build innovative use cases. More than 100 mixed reality (MR), virtual reality (VR), and augmented reality (AR) devices globally, including Meta Quest 2 and 3, Lenovo ThinkReality A3, Ray-Ban Meta collection, and others, use Snapdragon solutions. It has partnered with India's Lenskart to equip the latter's upcoming smart glasses. Lenskart earlier this year launched the 'Phonic' smart glasses with audio-enabled technology, priced at ₹4,000. 'Qualcomm has invested in CPU, GPU, NPU (neural processing unit), DSP (digital signal processor), camera, video, audio, low power, displays, etc., into growing our mobile business. And now deriving from the mobile business, we are expanding into the XR business, wearable business, PC business, automotive business, and the IoT businesses,' said Alex Katouzian, group general manager (mobile, compute, & XR), Qualcomm Technologies Inc. The combination of Qualcomm's Spaces platform with open-source codes, middleware and hardware-development platforms and interfaces has allowed more than '1000s of developers' to provide feedback to Qualcomm about its algorithms and hardware performance in spatial computing, he said. 'So we built a virtual cycle of feedback and improved our solutions over the years, and then, with our partners, Meta and Google Android XR, that platform opens up to all developers. And so our partnerships with these big platform providers allow us to access the development community. Combining all of these things, we have become the de facto platform of choice across all of the XR applications ,' Katouzian added. According to the International Data Corporation (IDC), the global AR/VR headset market posted a strong rebound in Q1 2025, growing 18.1% year-over-year. The resurgence was led by Meta, which captured 50.8% of the market, followed by XREAL (12.1%), and ByteDance (9.4%).
India.com
15 hours ago
- Business
- India.com
Qualcomm Unveils 'XR Day' in India to Drive the Future of Spatial Computing with Snapdragon
New Delhi, July 21, 2025 Qualcomm Technologies, Inc. has launched one of this size, called Snapdragon for India XR Day as it seeks to drive the uptake of spatial computing in India. It saw the gathering of developers together with the creators, industry gurus, and media to discuss the real-life application of extended reality (XR) in the sectors of entertainment, fitness, education, and content creation. Illustrating its dominance in the world market, Qualcomm disclosed that its Snapdragon XR platforms have so far been adapted in more than 100+ MR, VR and AR devices. These platforms offer more precise features of mixed reality (MR), virtual reality (VR), and augmented reality (AR) experiences and visibly represent how AI and spatial computing have revolutionized the engagement with digital content. A highlight example was a small language model (SLM) that could run on entirely artificial intelligence (AI)-powered smart glasses, which indicated how Snapdragon chipsets can readily integrate AI on cloud, local, and on-device levels. The other feature of the event was the collaboration between Qualcomm and Lenskart to create intelligent eyewear that is meant to be used by the Indian consumers. Speaking on the importance of India in the global immersive tech ecosystem and the aligniveness on this innovation to the Viksit Bharat vision were Savi Soin, President of Qualcomm India. The spatial computing move by Qualcomm is bound to change industries, including frontline healthcare, remote education, and digital access. As Qualcomm is diversifying beyond smartphones, its Snapdragon platforms could become relevant as part of the development of the future of smart, connected, and welcoming technology experiences in India.
Entrepreneur
16 hours ago
- Business
- Entrepreneur
Qualcomm's Smart Move With Glasses
Opinions expressed by Entrepreneur contributors are their own. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. With an aim to make smart glasses become an integral part of daily life, Qualcomm Technologies is partnering with Lenskart. This move reflects a concerted effort to bring cutting-edge, AI-enabled smart eyewear solutions to Indian consumers. Over 100-plus mixed reality (MR), virtual reality (VR), and augmented reality (AR) devices globally are powered by Snapdragon XR Platforms, the power behind Qualcomm's smart glasses and extended reality. Qualcomm aims to drive the development and adoption of extended reality (XR) by providing the foundational hardware, software, and platform solutions needed to create immersive and interactive experiences. This milestone signals a new era in bringing spatial computing to Indian consumers and positioning India prominently in the global immersive technology ecosystem. Savi Soin, senior vice president, Qualcomm India, said, "India is leading a transformative shift in how reality is experienced. Qualcomm Technologies envision a future where smart glasses become as integral to daily life as smartphones, seamlessly handling everyday tasks. Snapdragon platforms are engineered to deliver a balance of sleek, lightweight design with powerful functionality,making smart glasses practical and intuitive for everyday use. Aligned with the vision of Viksit Bharat, this technology will empower frontline workers, transform education in remote areas, and enable truly inclusive digital access." As Qualcomm Technologies continues to expand beyond smartphones, it remains committed to enabling transformative innovation across industries. Alex Katouzian, group general manager, mobile, compute & XR (MCX), Qualcomm Technologies, said, "AI is playing in the growth opportunity for XR - enabling AI to see what you see and hear what you hear to enable personalized and intuitive experiences. These platforms are pivotal in ushering in a new era of next generation computing that is more immersive, intuitive, and seamlessly integrated into everyday life." The use cases showcase cutting-edge innovations across entertainment, content capture, fitness, and education, highlighting the explosion of possibilities with spatial computing. Qualcomm has developed the Snapdragon AR1 Gen 1 and AR1+ Gen 1 chipsets specifically for smart glasses, enabling them to function as standalone devices with on-device AI capabilities. The AR1+ Gen 1 is designed for enhanced image quality, size and power improvements, and can run Small Language Models (SLMs). This allows for tasks like voice commands and real-time translation to be processed directly on the glasses.
Business Upturn
3 days ago
- Business
- Business Upturn
Lenskart reports $755 million revenue in FY25, gears up for $1 billion IPO filing
By Aditya Bhagchandani Published on July 19, 2025, 12:57 IST SoftBank-backed eyewear startup Lenskart has reported revenue of $755 million (₹6,415 crore) for FY25, marking a 17% year-on-year growth, as per internal investor documents reviewed by Moneycontrol . This growth rate, while healthy, is slower than the 46% YoY growth the company posted between FY23 and FY24. In comparison, Lenskart's revenue was $443 million in FY23, which rose to $645 million in FY24, before reaching the latest figure in FY25. According to the report, the company is in the final stages of filing its Draft Red Herring Prospectus (DRHP) for a $1 billion (₹8,500 crore) IPO, targeting a valuation of $10 billion (₹85,000 crore). Unlike some other startups that filed confidentially, Lenskart's DRHP will be publicly available. While India contributed the majority of revenues, Lenskart's international operations have expanded significantly. Of the FY25 revenue, approximately $455 million (₹3,865 crore) came from India and $300 million (₹2,550 crore) from overseas markets, particularly Southeast Asia. Its global footprint has been supported by strategic moves like the $400 million acquisition of Japanese eyewear chain Owndays in 2022 and a joint venture in China. Lenskart reported robust EBITDA margins of 18–22% in FY25 and maintained a gross margin of 70%, backed by a cost-efficient model with an average cost price (ACP) of $8 (₹680) and an average selling price (ASP) of $28 (₹2,380). As of the first half of FY25, Lenskart held around $200 million (₹1,700 crore) in net cash, though that figure may have changed based on subsequent investments and operational expenses. The company estimates its total addressable market across India, Asia, and the Middle East at $30 billion, signaling significant room for growth in the coming years. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Hans India
6 days ago
- Entertainment
- Hans India
Lenskart unveils Limited-Edition Harry Potter eyewear
Lenskart has cast a spell on Harry Potter™ fans across the country with the release of an exclusive Limited-Edition Collector's Box—a magical tribute to the Chamber of Secrets and the timeless wizarding world. Wrapped in a deep Slytherin green, this rare collectible is more than just eyewear — it's a nostalgic, immersive experience. Each box is individually numbered, designed in extremely limited quantities, and brims with Hogwarts™ magic. What's Inside? The Collector's Box includes two enchanting eyewear pieces — The Chosen One optical frame and The Enchanted Gaze sunglasses — inspired by iconic relics like the Sword of Gryffindor and secrets hidden beneath Hogwarts. Adding to the wizardry is a custom-designed case, a lightning bolt chain honoring The Boy Who Lived, and a heartfelt tribute to Dobby, the brave House Elf. Rounding it off is the Spellbound Pass, a charming reminder that true magic lives in our memories and stories. But that's not all. The Harry Potter x Lenskart Eyewear Collection Alongside the Collector's Box, Lenskart is also launching a full collection of Harry Potter™ eyewear, including eyeglasses and sunglasses. These designs pay homage to legendary characters and symbols—from wand-inspired temples to Deathly Hallows motifs and house crest details. Every pair reflects the magic of Hermione's intellect, Luna's whimsy, or the mystery of Platform 9¾. No restocks. No reruns. Just magic — once. This limited-edition drop is available now online. When it's gone, it's gone — just like the Hogwarts Express disappearing into the mist.
