The eyewear retailer Lenskart plans to provide a total of up to $3m for strategically compatible startups, the first of which is ThinOptics.

India-based eyewear retailer Lenskart intends to invest between $2m and $3m in businesses developing vision-related technologies and products, the Economic Times has reported.

Lenskart sells glasses through an e-commerce platform as well as 410 brick-and-mortar outlets. It plans to collaborate on product development with the companies in which it invests. as it heads for a public listing that it expects to take place by 2020.

The first such deal is a $500,000 investment in US-based corrective glasses manufacturer ThinOptics, which…