# Glassic Eyewear Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/glassic-eyewear-private

- Industry: Consumer Products
- Headquarters: Bangalore, India
- Website: www.glassic.in
- Total disclosed funding: $0.5M
- Latest round: Seed (Nov 6, 2017)
- Investors on record: 5

## About

Glassic Eyewear Private Limited is a manufacturer specializing in innovative glass products, focusing on durability and aesthetic appeal for both residential and commercial applications.Founded in 2015, Glassic Eyewear Private Limited is based in Bangalore, India. The company specializes in advanced glass solutions, primarily targeting urban markets in India and expanding into regions like Southeast Asia and the Middle East. The company was founded by Patrick Bombik, who has a background in similar ventures. Notably, in November 2017, Glassic raised INR 30.99 million during its Seed funding round, with investments from Lead Angels, LetsVenture Online Pte. Ltd., and The Chennai Angels. This round valued the company at INR 189.00 million post-money, and it represents the sole deal recorded to date.Glassic.in specializes in innovative glass products that cater to a diverse range of applications across various sectors. The company's core offerings include advanced glass solutions designed for both residential and commercial markets, emphasizing durability, aesthetic appeal, and energy efficiency. Their products address common challenges faced by consumers and businesses, such as the need for sustainable building materials and modern design elements. Glassic.in serves a broad clientele, including architects, interior designers, and construction firms, primarily targeting urban markets in India and expansion into select international regions such as Southeast Asia and the Middle East. By focusing on high-quality materials and cutting-edge technology, Glassic.in aims to enhance the functional and visual aspects of spaces while promoting environmental sustainability.For the most recent fiscal year 2021, Glassic.in reported a revenue of INR 1,160.1 million. During the same period, the company recorded an EBITDA of -INR 1,005.8 million, indicating financial challenges despite its innovative offerings.Looking ahead, Glassic Eyewear Private Limited plans to leverage its recent Seed funding of INR 30.99 million raised in November 2017 to expand its product line and enter new markets. The company is focusing on upcoming product launches designed to enhance its current offerings. Additionally, it aims to establish a presence in Southeast Asia and the Middle East by 2025, tapping into emerging demand for innovative glass solutions in those regions.

## Funding rounds

- Seed, Nov 6, 2017, $0.5M — The Chennai Angels, Lets Venture Technologies Private Limited, Lead Invest, Y Investments, GOFRUGAL Technologies Pvt Ltd

## Investors

- The Chennai Angels (https://capitalatlas.ai/funds/the-chennai-angels) — Seed
- Lets Venture Technologies Private Limited — Seed
- Lead Invest (https://capitalatlas.ai/funds/lead-invest) — Seed
- Y Investments (https://capitalatlas.ai/funds/y-investments) — Seed
- GOFRUGAL Technologies Pvt Ltd — Seed