Enrico Eyewear

Enrico Eyewear

Brand specializing in eyeglasses and sunglasses

Founded

2017

Headquarters

Mumbai (India)

Status

Seed

Company Details

Website

Socials

Email

Phone

+91 9324261539

Enrico Eyewear is a Mumbai-based eyewear brand founded in 2022 by Kavin Khara, aiming to revolutionize the eyewear industry with a focus on style, function and eye health. Positioned at the intersection of fashion and wellness, Enrico offers high-quality, affordable eyeglasses and sunglasses that prioritize eye protection in a digital age. The company leverages in-house craftsmanship and proprietary designs to deliver products that help users stand out while safeguarding their vision.

Core Products & Services

  • Computer Glasses: Blue light blocking glasses with multi-coated lenses to reduce digital eye strain, improve sleep and enhance visual comfort.

  • Sunglasses: Polarized and UV-protected sunglasses designed for style and sun protection.

  • Upcoming Products: Night-driving glasses and photochromic lenses, expanding the portfolio for specific use cases.

  • Recall Program: Sustainability initiative allowing customers to return damaged or used products for recycling and receive rewards.

Unique Value Proposition

  • Hero-Product Approach: Curated, limited selection of frames that are widely accepted and designed to simplify the eyewear purchase journey.

  • Advanced Lens Technology: 9-layered coated lenses with blue light blockers, UV protection, polarization and scratch resistance at competitive prices.

  • In-House Design: Proprietary frame shapes and color combinations crafted for a distinctive brand identity.

  • Asset-Light Model: Focus on ready-to-wear, non-prescription eyewear (screen glasses, sunglasses, night-driving glasses), eliminating the need for optometrists or eye testing equipment.

  • Community Engagement: “FriendsOfEnrico” loyalty program and active social media presence.

Business Model & Revenue Streams

  • Direct-to-Consumer (D2C) Sales: Primary sales via the official website (built on Shopify), allowing for higher margins, brand control and direct customer engagement.

  • Marketplace Sales: Products available on third-party e-commerce platforms, expanding reach to digital-first consumers.

  • Retail Distribution: Plans to expand through diverse retail distribution channels, including offline retail partnerships to increase market presence.

  • Recall Program: Encourages repeat purchases by rewarding customers who return used or damaged products for recycling.

Customer Segmentation

  • B2C: Urban millennials, Gen Z, professionals and digital natives seeking stylish, functional eyewear for screen use and outdoor protection.

  • B2B: Potential future partnerships with optical retailers and corporate gifting.

Growth Strategy

  • Product Diversification: Launching new categories such as night-driving glasses and photochromics to address evolving consumer needs.

  • Market Expansion: Utilizing recent funding to grow distribution, increase brand awareness and educate consumers about eye health.

  • Brand Building: Investing in digital marketing, influencer partnerships and educational campaigns to position Enrico as a leader in functional fashion eyewear.

  • Sustainability: Scaling the recall program to reinforce environmental responsibility and customer loyalty.

Key People

Kavin Khara

Manoj Khatri

Key Metrics

Total Equity Funding

$240 K

No. of Funding Rounds

1

Latest Funding Round

$240 K, Pre Seed

as of June 26, 2023

Post Money Valuation

-

as of N/A

Funding Multiple

-

as of N/A

Investors

100X.VC

Employee Count

9

Similar Companies

Littlebox India

Exit Details

N/A

All Funding Rounds

DateRound NameAmountValuationRevenueRevenue Multiple
Investors
June 26, 2023Pre Seed$240 K---100X.VC

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