Eyewear retail chain ClearDekho raises $5-M from SphitiCap, Venture Catalysts, others

Ghaziabad-based eyewear brand ClearDekho has raised USD 5 million in a Series A round led by SphitiCap which invested USD 2.3 million (INR 18 crore) in the company. Venture Catalysts (leading alongside SphitiCap), Dholakia Ventures, NB Ventures, Estrela Ventures, and Cornerstone also participated in the funding round. The company will use the funds to support its operations and expansion strategy. ClearDekho targets low-income mass-market consumers across Tier II, III, and IV cities and towns to standardise the unorganised optical retail market through its asset-light omnichannel O2O business model. Since its inception in 2017, the brand has opened over 100 stores across 40 cities and also operates an online marketplace.