About ERC Lens
ERC Lens is a Healthcare company based in Guwahati (India) founded in 2013 by Parveez Ubed. Chain of eye care hospitals. ERC Lens has raised $2.36 million across 6 funding rounds from investors including The World Bank, Ankur Capital and NEDFi. The company has 66 employees. ERC Lens was last valued at $45.39 million in December 2020. Its chief executive, as recorded, is Parveez Ubed. Its Indian entity Erc Eye Care Private Limited reported revenue of ₹9.87 Cr. ERC Lens offers products and services including Contact Lens, Eyeglass, Reading Glass, Computer Glass, and Home Eye Test. Its focus areas include Hospital Chains, Single Specialty Hospital Chains and Ophthalmology. Its competitors include ASG Eye Hospitals, Centre for Sight and Eye-Q; 3 of its 3 listed competitors have raised funding.
Company details
ERC Lens was founded in 2013 in Guwahati, India, operating as a chain of eye care hospitals within the healthcare sector. Services encompass home eye tests, hospital appointments, teleconsultations, cataract surgeries, and eye test camps. Glasses are available for purchase, with online consultations facilitated for users seeking ophthalmic care.
- Headquarters Guwahati, India
- Employees 66
- Founders Parveez Ubed
- Stage Minicorn
- SectorsHealthcare
- Phone•••• ••••
- Website erclens.com
- Social LinkedIn X Facebook
- Legal Name Erc Eye Care Private Limited
- Date of Incorporation 10 Jun, 2013
- Jurisdiction Gmc, Assam, India
- Annual Revenue₹9.87 Cr
FY 2023 · +39% YoY
- Net Loss-₹33.6 Lakh
FY 2023 · -3% margin
- EBITDA₹14.9 Lakh
FY 2023 · 2% margin
- Total Equity Funding$2.36M (USD)
in 6 rounds
- Latest Funding Round$1M (USD), Series A
Sep 2021
- InvestorsThe World Bank
& 7 more
- Employee Count66
Associated legal entities of ERC Lens
ERC Lens operates through Erc Eye Care Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Erc Eye Care Private Limited CIN U85100AS2013PTC011545 | Active | 10 Jun 2013 | Gmc, Assam | ₹9.9 Cr | 66 | 2 | View details |
Products & Services of ERC Lens
ERC Lens offers a comprehensive portfolio of products and services, including Contact Lens, Eyeglass, Reading Glass, Computer Glass, and Home Eye Test.
Offers colored lenses for vision correction and style enhancement.
Provides prescription glasses for daily vision support.
Delivers specialized glasses for reading and close work.
Anti-glare glasses to reduce screen-related eye strain.
On-demand eye testing service at home for convenience.
Funding Insights of ERC Lens
ERC Lens has successfully raised a total of $2.36M across 6 strategic funding rounds. The most recent funding activity was a Series A round of $1 million completed in September 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $2.36M
- Total Rounds 6
- Last Round Series A — $1M
- First Round $75,732
(Dec 2013)
- Investors Count 8
All 6 funding rounds of ERC Lens with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Valuation | Stage |
|---|---|---|
| Dec 2020 | $45.39M | •••••••• |
| Jan 2018 | $52.27M | •••••••• |
Last known valuation $45.39M (Dec 2020). 8 investors in total: 7 institutional and 1 angel.
Investors in ERC Lens
ERC Lens has secured backing from 8 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include The World Bank, Ankur Capital and NEDFi.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Startups are incubated and launched globally in key sectors. | ennovent.com | Vienna, Austria | ||
Financial assistance and development services for enterprises in North Eastern India. | 1995 | nedfi.com | Guwahati, India | |
Early-stage investments in digital, climate, and deep science technologies. | 2011 | ankurcapital.com | Mumbai, India | |
Early stage startups focused VC firm operating across Japan | bwizcap.com | Tokyo, Japan | ||
Seed and early stage impact VC firm investing in the US and India | beyondcapitalfund.org | Dallas, United States | ||
Offers bicycle sales, e-bikes, repairs, maintenance, and advice in Frankfurt. | montimare.de | Frankfurt, Germany | ||
Provider of financial products and technical assistance services to world banks | 1944 | worldbank.org | United States | |
SR Sadeesh Raghavan | Angel investor, ex-Amazon, focused on early-stage Indian startups | unknown_3a19982f6daa441f9 |
Investor details for ERC Lens
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Board of directors of Erc Eye Care Private Limited (ERC Lens)
Erc Eye Care Private Limited is the primary company behind ERC Lens. The board of Erc Eye Care Private Limited currently have 2 directors; the longest-serving is Parveez Ubed, appointed in 2013. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Parveez Ubed DIN 06576867 | Director | 10 Jun 2013 | 13 yrs 4 mo | Erc Eye Care Private Limited |
| Sultana Anwara Rahman DIN 06951902 | Director | 27 Aug 2014 | 12 yrs 2 mo | Erc Eye Care Private Limited |
People of ERC Lens
1 people are tracked at ERC Lens (1 in leadership); the tracked headcount is 66.
| Name | Role | Group |
|---|---|---|
| Founder & CEO | Leadership |
Complete people profiles for ERC Lens
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Financials of ERC Lens
Figures of Erc Eye Care Private Limited, the primary company behind ERC Lens, for FY 2023. Revenue was ₹9.87 Cr (+39% year on year). Net loss was -₹33.6 Lakh (-3% margin). EBITDA was ₹14.9 Lakh (2% margin). Revenue has grown at a compounded annual rate of +17% over three years and +29% over five years.
- ₹9.87 CrRevenue · FY 2023 · +39% YoY
- -₹33.6 LakhNet loss · -3% margin
- ₹14.9 LakhEBITDA · 2% margin
- ₹9.4 LakhPaid-up capital
- 66Employees (provident fund records)
- +17%Revenue CAGR, 3 years
- +29%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Erc Eye Care Private Limited are on its company page.
Detailed financial statements for ERC Lens
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of ERC Lens
4 dated milestones of ERC Lens across 8 years, from founding to its latest funding, stage changes and deals.
- Founded ERC Lens is founded.
- Funding First funding round of $76K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series A, of $1.0M.
Competitors of ERC Lens
ERC Lens has 3 listed competitors in our database, 3 of them funded. They include ASG Eye Hospitals, Centre for Sight and Eye-Q.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| asgeyehospital.com | 2005 | Jodhpur, India | $285.12M | 198 | A chain of super specialty eye care hospitals is operated. | |
| centreforsight.net | 2007 | Delhi, India | $83.23M | 1,243 | Chain of eye care hospitals | |
| eyeqindia.com | 2007 | Gurugram, India | $34.39M | 299 | Eye care services are offered via a hospital chain. |
Detailed competitors of ERC Lens
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Web traffic of ERC Lens
The website of ERC Lens (erclens.com) receives about 1.2K visits a month.
- Monthly visits1.2K
▼ 39.4% vs previous month
Websites whose visitors overlap most with ERC Lens. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| deviopticians.in | 100% | #11,420,791 | View details | ||
specsmart.in | specsmart.in | 96% | #9,592,136 | – | |
| lenscaravan.com | 95% | 1.2K | #11,735,424 | View details | |
chashma.com | chashma.com | 80% | #1,551,540 | – |
Top companies in Hospitals & Clinical Care
3 companies that operate in the same segment as ERC Lens (Hospitals & Clinical Care) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Maternity, childcare, and fertility services are delivered via hospital chains. | 2007 | Bengaluru, Karnataka, India | USD 204.87 M | USD 140.46 M | 4,459 | |
Chain of oncology hospitals | 1989 | Bengaluru, Karnataka, India | USD 36.59 M | USD 270.51 M | 321 | |
Chain of multi-super specialty healthcare hospitals | 2004 | Gurugram, Haryana, India | USD 104.7 M | USD 461.72 M | 12,240 |
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Related news about Erc Lens
Complete news archive for ERC Lens
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Frequently Asked Questions about ERC Lens
ERC Lens was founded in 2013.
ERC Lens is headquartered in Guwahati, India. It is registered at Guwahati, Assam, India.
Parveez Ubed is the CEO of ERC Lens, as recorded in our data. They have also founded this company.
ERC Lens is a funded company, having raised a total of $2.36M across 6 funding rounds to date. The company's 1st funding round was a Seed of $75.73K, raised on Dec 2013.
ERC Lens has 66 employees.
The primary company behind ERC Lens, Erc Eye Care Private Limited, reported revenue of ₹9.87 Cr for FY 2023, up 39% year on year.
ERC Lens was founded in 2013 in Guwahati, India, operating as a chain of eye care hospitals within the healthcare sector. Services encompass home eye tests, hospital appointments, teleconsultations, cataract surgeries, and eye test camps. Glasses are available for purchase, with online consultations facilitated for users seeking ophthalmic care.
ERC Lens's top competitors include Centre for Sight, Eye-Q and ASG Eye Hospitals.
ERC Lens offers Contact Lens, Eyeglass, Reading Glass, Computer Glass, and Home Eye Test.
ERC Lens has 8 investors. Key investors include The World Bank, Ankur Capital, NEDFi, Ennovent, and Montimare.
The valuation of ERC Lens is $45.39M as of Dec 2020.
ERC Lens operates through Erc Eye Care Private Limited.