About ERC Lens
ERC Lens is a company based in Guwahati (India) founded in 2013 by Parveez Ubed. 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 as of March 29, 2024. ERC Lens offers products and services including Contact Lens, Eyeglass, Reading Glass, Computer Glass, and Home Eye Test. ERC Lens operates in a competitive market with competitors including ASG Eye Hospitals, Centre for Sight, Eye-Q, Dr. Agarwal's Eye Hospital and Vasan Eye Care, among others.
- Headquarter Guwahati, India
- Employees 66 as on 29 Mar, 2024
- Founders Parveez Ubed
- Stage Minicorn
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Sectors
Healthcare
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Phone
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Website
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Social
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- Legal Name Erc Eye Care Private Limited
- Date of Incorporation 10 Jun, 2013
- Jurisdiction Gmc, Assam, India
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Annual Revenue
$1.19 M (USD)39.15as on Mar 31, 2023
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Net Profit
-$40.46 K (USD)78.26as on Mar 31, 2023
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EBITDA
$15.46 K (USD)110.53as on Mar 31, 2023
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Total Equity Funding
$2.36 M (USD)
in 6 rounds
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Latest Funding Round
$1 M (USD), Series A
Sep 29, 2021
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Investors
The World Bank
& 7 more
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Employee Count
66
as on Mar 29, 2024
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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.
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.
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Financial assistance and development services for enterprises in North Eastern India.
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Early-stage investments in digital, climate, and deep science technologies.
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Investor details for ERC Lens
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Investments & Acquisitions by ERC Lens
Investment portfolio details for ERC Lens
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Financial Statements - ERC Lens
Detailed financials for ERC Lens
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Erc Lens Comparisons
Peer comparison for ERC Lens
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Competitors of ERC Lens
ERC Lens operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as ASG Eye Hospitals, Centre for Sight, Eye-Q, Dr. Agarwal's Eye Hospital and Vasan Eye Care, among others.
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A chain of super specialty eye care hospitals is operated.
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Chain of eye care hospitals
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Eye care services are offered via a hospital chain.
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Eye-care hospital chain services are offered across India.
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Eye care treatments are delivered via a hospital network.
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Detailed competitors of ERC Lens
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Latest news on 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 current CEO of ERC Lens. 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.
As of Mar 29, 2024, the latest employee count at ERC Lens is 66.
Annual revenue of ERC Lens is $1.19M as on Mar 31, 2023.
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.