Lunetterie iOptical Inc.

What Lunetterie iOptical Inc. does

Lunetterie iOptical Inc. is a privately held, single-location independent eyecare clinic and optical boutique operating from Blossom Park Plaza at 2952 Bank Street in Ottawa, Ontario. Founded by Naina Sanghavi, a Registered Optician, the business operates a hybrid clinical-retail model that combines optometric examinations (comprehensive, pediatric, and diabetic) with prescription eyewear sales, contact lens fitting, and myopia management. The clinical side is supported by three optometrists — including a former President of the College of Optometrists of Ontario and a glaucoma/refractive-surgery subspecialist — and uses a Maestro2-OCT with Harmony system for advanced retinal imaging and longitudinal disease monitoring.

The retail side is positioned as a premium boutique, carrying luxury eyewear (Gucci, Fendi, Tom Ford, Bvlgari, Versace, Burberry) and premium lenses (Zeiss, Nikon, Essilor Varilux, Stellest myopia control), alongside contact lenses from CooperVision, Bausch + Lomb, Alcon, and Acuvue. The clinic offers direct billing to four major Canadian insurers (Sun Life, OTIP, Medavie Blue Cross, GSC) to reduce patient friction, and accepts OHIP for eligible pediatric, senior (65+), and diabetic exams.

Revenue mechanics are a mix of fee-for-service optometric exams (OHIP-covered or private-pay depending on patient eligibility) and one-time retail transactions on frames, lenses, and contact lenses. Marketing is conducted locally through Instagram, Facebook, and TikTok plus website/phone booking. The company has no disclosed institutional investors, no parent organization, no subsidiaries, and operates only within Ontario.

Name

Lunetterie iOptical Inc.

Legal name

Lunetterie iOptical Inc.

Website

https://lunetterieioptical.com

Company type

Private

Operating status

Operating

Short description

Lunetterie iOptical Inc. is a privately held, single-location independent optometric clinic and premium optical boutique in Ottawa, Ontario, offering eye exams (comprehensive, pediatric, diabetic), OCT retinal imaging, luxury prescription eyewear, and contact lenses to local consumers with direct insurance billing.

Ownership category

akta.pro rank

Product category

Optometry and Optical Retail

NAICS

Offices of Optometrists (62132), Optical Goods Retailers (45613)

SIC

Services-Offices & Clinics Of Doctors Of Medicine (8011), Ophthalmic Goods (3851)

akta.pro primary industry

Optometry Clinics (Primary Eye Care) (HLAKAKAB)

akta.pro secondary industries

Comprehensive Eye Exams & Vision Care (HLAKAKAA), Ocular Imaging & Diagnostic Testing Centers (HLAKAKAN)

Keywords

• Optometry services
• Prescription eyewear
• Contact lens fitting
• Eye care clinic
• Retail optical boutique

Headquarters

HQ city

Ottawa

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Supply Chain, Technology or R&D, Operations, Marketing or Sales, Others

Revenue model

1. Eye Exams: Comprehensive eye exams, children's eye exams, and diabetic eye exams. OHIP coverage available for children (annually), adults 65+ (every 18 months), and patients with diabetes (annually). Adults 20-60 pay out of pocket every 1-2 years.
2. Eyewear Sales: Sale of prescription eyeglasses, sunglasses, frames from luxury brands (Gucci, Fendi, Tom Ford, etc.) and premium lenses (Zeiss, Nikon, Essilor Varilux).
3. Contact Lenses: Sale and fitting of contact lenses including daily disposables and specialized lenses from CooperVision, Bausch + Lomb, Alcon, and Acuvue brands.
4. Direct Insurance Billing: Direct billing to insurance providers (Sun Life, OTIP, Medavie Blue Cross, GSC) for patient convenience.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Lunetterie iOptical is an independent optometry clinic and optical retail boutique that delivers comprehensive, pediatric, and diabetic eye examinations alongside on-site dispensing of prescription eyewear, contact lenses, and myopia control solutions. The clinic pairs clinical optometric services (including OCT-based retinal imaging) with a curated designer frame assortment and direct billing to major Canadian insurance providers.

Product overview

Lunetterie iOptical is a local independent eyecare clinic and optical boutique providing comprehensive vision care services. The company operates a unified service model combining clinical eye care (comprehensive exams, diabetic exams, children's exams) with an optical retail boutique. The product portfolio includes core healthcare services paired with premium optical products: prescription eyewear from luxury designer brands (Fendi, Gucci, Tom Ford, Versace, Burberry), premium lenses from Zeiss, Nikon, and Essilor, myopia control lenses (Stellest), and contact lenses (CooperVision, Bausch & Lomb, Alcon, Acuvue). Direct billing to major Canadian insurance providers (OTIP, Sun Life, Medavie Blue Cross, GSC) is offered as a convenience service. Advanced diagnostic technology including OCT retinal imaging is used for precise eye health evaluation.

Differentiator

Problem solved

Functional benefit

Products and services

• Comprehensive Eye Exams

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Four partnerships are on record, tiered minor.

• Sun Life FinancialminorGTM or Marketing PartnerDirect billing partner for insurance claims. Patients can have eye exam and eyewear costs billed directly to their Sun Life insurance coverage.
• OTIPminorGTM or Marketing PartnerDirect billing partner for insurance claims. Allows patients to bill eye care services directly to their OTIP coverage.
• Medavie Blue CrossminorGTM or Marketing PartnerDirect billing partner for insurance claims. Patients can direct bill eye exams and eyewear purchases to Medavie Blue Cross.
• GSC (Green Shield Canada)minorGTM or Marketing PartnerDirect billing partner for insurance claims. Enables patients to direct bill GSC insurance for covered eye care services.

Scale indicators1 record

Recent moves6 records

Expansion highlights4 records

Emerging players

• Bailey Nelson: Australian-origin eyewear retailer expanding in Canada with boutique-style stores carrying designer frames. Comparable to iOptical's premium-boutique positioning and direct-to-consumer service model.
• Warby Parker: Direct-to-consumer eyewear retailer with growing Canadian presence. Comparable to iOptical's premium eyewear assortment and shares overlap in younger consumer segments seeking branded frames.
• Specsavers: UK-headquartered optical retailer expanding across Canada with optometrist-staffed clinics and mid-market eyewear. Increasingly relevant Ottawa-area competitor with similar clinical-plus-retail structure.

Direct peers

• BonLook: Canadian eyewear retailer offering prescription eyewear, sunglasses, and contact lenses with both online and boutique channels. Directly comparable to iOptical's optical boutique business model and overlapping Canadian customer base.
• Clearly (Clearly Contacts): Canadian-founded online optical retailer specializing in contact lenses and eyewear. Comparable to iOptical's contact lens and eyewear sales lines and serves the same Canadian consumer base with a digital-first model.

Broad incumbents

• Costco Optical: Optical department within Costco's Canadian warehouse retail operation offering eye exams, frames, lenses, and contact lenses. Competes for the same value-conscious Ottawa consumers purchasing eyewear.
• Hakim Optical: Long-established Canadian optical retailer with locations across Ontario including Ottawa. Offers designer frames and eye exam services in a clinic-plus-retail format directly comparable to iOptical's model.
• IRIS Visual Group: Largest Canadian-owned optical retail chain combining optometry clinics with eyewear boutiques. Comparable to iOptical's clinic-plus-boutique operating model at significantly greater scale across Canada.
• LensCrafters: Global optical retail chain offering eye exams and designer eyewear with Canadian locations. Comparable in product mix (luxury frames, prescription lenses) and one-stop clinical-plus-retail service.

Regional players

• Herzig Eye Institute: Canadian ophthalmology clinic specializing in refractive surgery (LASIK, PRK, SMILE, ICL) with Ottawa-area presence. Comparable to iOptical because iOptical's Dr. Nour previously worked there and the clinic provides post-refractive-surgery follow-up.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xtwitter.com/ioptical_ottawa
• Facebookfacebook.com/lunetterieioptical
• Instagraminstagram.com/lunetterie_ioptical
• TikToktiktok.com/@wix

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Lunetterie iOptical Inc.