About Specsmakers
Specsmakers is a company based in Chennai (India) founded in 2007 by Sonal Shah, Pratik Shah, and Ashish Venkataramani.. Specsmakers has raised $24.19 million across 7 funding rounds from investors including Eight Roads Ventures, Fulcrum PE and A R Chadha And Co India. The company has 805 employees as of April 05, 2024. Specsmakers offers products and services including Eyeglasses and Sunglasses.
- Headquarter Chennai, India
- Employees 805 as on 05 Apr, 2024
- Founders Sonal Shah, Pratik Shah, Ashish Venkataramani
- Stage Minicorn
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Sectors
Consumer
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Specsmakers Opticians Private Limited
- Jurisdiction Chennai, Tamil Nadu, India
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Annual Revenue
$11.79 M (USD)39.61as on Mar 31, 2023
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Net Profit
$-1.45 M (USD)4.34as on Mar 31, 2023
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EBITDA
$-616.33 K (USD)19.54as on Mar 31, 2023
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Total Equity Funding
$24.19 M (USD)
in 7 rounds
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Latest Funding Round
$2.92 M (USD), Series A
Jun 11, 2025
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Investors
Eight Roads Ventures
& 24 more
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Employee Count
805
as on Apr 05, 2024
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Products & Services of Specsmakers
Specsmakers offers a comprehensive portfolio of products and services, including Eyeglasses and Sunglasses. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Eyeglasses are provided for vision correction and style enhancement across various frames and shapes.
Sunglasses are offered for UV protection and fashion purposes, featuring polarized options for reduced glare.
Funding Insights of Specsmakers
Specsmakers has successfully raised a total of $24.19M across 7 strategic funding rounds. The most recent funding activity was a Series A round of $2.92 million completed in June 2025. 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 Total Funding
- Total Rounds 7
- Last Round Series A — $2.9M
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First Round
First Round
(18 Mar 2013)
- Investors Count 25
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2025 | Amount | Series A - Specsmakers | Valuation | Auraview Products |
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| Jun, 2020 | Amount | Series A - Specsmakers | Valuation | Eight Roads Ventures | |
| Jun, 2019 | Amount | Series A - Specsmakers | Valuation | Eight Roads Ventures |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Specsmakers
Specsmakers has secured backing from 25 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Eight Roads Ventures, Fulcrum PE and A R Chadha And Co India. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital investment and global platform support for startups.
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Founded Year | Domain | Location | |
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Potato farming, grain marketing, and equipment services are conducted in Maine.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Specsmakers
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Specsmakers
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Specsmakers Comparisons
Competitors of Specsmakers
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Specsmakers
Frequently Asked Questions about Specsmakers
When was Specsmakers founded?
Specsmakers was founded in 2007 and raised its 1st funding round 6 years after it was founded.
Where is Specsmakers located?
Specsmakers is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Who is the current CEO of Specsmakers?
Pratik Shah is the current CEO of Specsmakers. They have also founded this company.
Is Specsmakers a funded company?
Specsmakers is a funded company, having raised a total of $24.19M across 7 funding rounds to date. The company's 1st funding round was a Series A of $4.04M, raised on Mar 18, 2013.
How many employees does Specsmakers have?
As of Apr 05, 2024, the latest employee count at Specsmakers is 805.
What is the annual revenue of Specsmakers?
Annual revenue of Specsmakers is $11.79M as on Mar 31, 2023.
What does Specsmakers do?
Platform offering eyewear solution. It includes a wide range of products eyeglasses, sunglasses, reading and computer glasses, clip-ons, contact lenses, and optical accessories.
What products or services does Specsmakers offer?
Specsmakers offers Eyeglasses and Sunglasses.
Who are Specsmakers's investors?
Specsmakers has 25 investors. Key investors include Eight Roads Ventures, Fulcrum PE, A R Chadha And Co India, Sriram Raja, and Anerudan K R.
What is Specsmakers's valuation?
The valuation of Specsmakers is $25.53M as of Jun 2020.