Lenskart's Neso Brands invests $4M in Paris-based Le Petit Lunetier

Neso Brands has acquired an undisclosed stake in eyewear brand Le Petit Lunetier, investing $4 million in the Paris-based startup.

The funding would help Le Petit Lunetier expedite its retail growth in Europe and establish its brand in Lenskart's primary markets in Asia and the Middle East.

Lenskart Group CEO Peyush Bansal and Neso's CEO Bjorn Bergstrom will be joining the Paris-based brand board.

Le Petit Lunetier has been witnessing a robust growth trajectory in recent years, boasting both a significant online footprint and 16 physical stores in France, including a newly opened outlet in Paris.