Lenskart's Ambitious Plans
Lenskart, an eyewear major, aims to build extensive infrastructure for eye-testing and distribution, similar to Reliance Jio's optical fibre network across the country, according to founder and CEO Peyush Bansal.
The company plans to use funds raised from its upcoming IPO, priced between Rs 382 and Rs 402 per share, to expand physical stores, enhance technology, and explore potential acquisitions, with an overall valuation of around Rs 70,000 crore.
“Profit is just a byproduct of creating value for customers”
Bansal emphasized that the IPO is not an exit event, but rather an opportunity to broaden ownership and bring long-term partners on board, highlighting the company's strong balance sheet and positive cash flows.
- Expand physical stores
- Enhance technology
- Potential acquisitions
Author's summary: Lenskart plans to build infrastructure for eyewear.