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ETSA 2024 | For startups, right talent is human capital, not just human resource: Lenskart CEO Peyush Bansal

Economic TimesEconomic Times · 10m ago
ETSA 2024 | For startups, right talent is human capital, not just human resource: Lenskart CEO Peyush Bansal
Medial

- Talent density has become increasingly challenging to maintain in the last 10 years, according to Peyush Bansal, CEO of Lenskart. - To hire and retain talent, companies must constantly improve and up their game, says Peyush Bansal. - Building the right work culture and attracting top talent are crucial for startup growth, according to Peyush Bansal. - Taking Indian startups to the global stage requires a focus on talent and surpassing milestones, states Peyush Bansal. - The panel discussion at the Economic Times Startup Awards 2024 emphasized the importance of staying ahead of trends in order to succeed in the next decade of Indian startups.

Peyush Bansal pays Rs 222 Cr to buy back 4.6 Cr shares at steep discount ahead of IPO

EntrackrEntrackr · 10d ago
Peyush Bansal pays Rs 222 Cr to buy back 4.6 Cr shares at steep discount ahead of IPO
Medial

Peyush Bansal pays Rs 222 Cr to buy back 4.6 Cr shares at steep discount ahead of IPO Lenskart’s co-founder and CEO Peyush Bansal has significantly increased his stake in the company through a series of secondary transactions. As per DRHP disclosures reviewed by Entrackr, Bansal acquired over 4.26 crore shares from existing shareholders for a total cash consideration of Rs 222 crore. The off-market transactions were executed between July 18 and July 24, 2025, and involved several institutional and early-stage backers of the company. Among the notable sellers were SoftBank, Kedaara Capital, Avendus, Steadview Capital, and LTR Focus Fund. Even Unilazer Ventures, backed by Ronnie Screwvala, was part of the exit group, selling over 25 lakh shares. SoftBank offloaded the largest chunk, 96 lakh shares, fetching around Rs 49.93 crore from the deal. Kedaara entities cumulatively sold more than 30 lakh shares, while Steadview offloaded 34 lakh shares, raising nearly Rs 17.7 crore. The Rs 52 per share price paid in these transactions is also noteworthy; it indicates a negotiated deal that likely reflects internal valuations rather than public market benchmarks. In response to Entrackr’s queries, a Lenskart spokesperson confirmed the development. However, the company did not comment on the reasons behind the deep discount. These transactions significantly bolster Peyush Bansal’s holding ahead of Lenskart’s IPO, which includes a fresh issue of Rs 2,150 crore and an offer for sale of 13.2 crore shares. While Bansal himself is also offering 2.05 crore shares as part of the OFS, his recent acquisitions signal a strong vote of confidence in the company’s valuation and growth trajectory. The secondary deals come at a time when the eyewear major is preparing for its public market debut, backed by marquee names like Temasek, ADIA, and TPG. In FY25, Lenskart reported a 22.5% jump in revenue to Rs 6,652 crore and turned profitable with a Rs 297 crore PAT.

Focus on bringing in good partners, not maximizing valuations: Lenskart’s Peyush Bansal | Company Business News

LivemintLivemint · 8m ago
Focus on bringing in good partners, not maximizing valuations: Lenskart’s Peyush Bansal | Company Business News
Medial

Lenskart co-founder and CEO, Peyush Bansal, advised startup founders to prioritize finding the right partners and investors over chasing high valuations. He emphasized the importance of partners who share the company's vision and are willing to support them through both good and bad times. Bansal believes that valuations are short-term and that long-term success comes from creating value and driving transformation. He also praised India's engineering talent and manufacturing capabilities, stating that the country has the potential to solve global environmental problems. Lenskart aims to go public in the next two years after reducing its losses significantly.

Exclusive: Lenskart sets stage for IPO with public entity conversion

EntrackrEntrackr · 2m ago
Exclusive: Lenskart sets stage for IPO with public entity conversion
Medial

Exclusive: Lenskart sets stage for IPO with public entity conversion Lenskart's board has passed a special resolution to change its parent company’s name from Lenskart Solutions Private Limited to Lenskart Solutions Limited, according to the company's filings. It looks like omnichannel eyewear retailer Lenskart’s draft red herring prospectus (DRHP) is around the corner, as the company has converted from a private to a public entity following board approval. Media reports suggest that Lenskart aims to raise $1 billion via a mix of primary and secondary capital, targeting a valuation of $10 billion in its Initial Public Offering (IPO). In June 2024, Lenskart secured $200 million through a secondary funding round, followed by a $20 million investment that included participation from founder Peyush Bansal. Over the past 18 months, the company has raised nearly $1 billion and was valued at $5 billion during the secondary deal. Recently, early investor Fidelity marked up Lenskart’s valuation to $5.6 billion. As of last year, Lenskart operated more than 2,500 stores worldwide, with about 2,000 in India. The company earned 42% of its revenue from international markets during FY24. Japan, Singapore, Taiwan (province of China), and Thailand are among its overseas markets. Lenskart’s revenue from operations rose by 43% to Rs 5,427.7 crore in FY24 from Rs 3,788 crore in FY23. During the period, the company reduced its losses by 84% to Rs 10 crore in FY24 from Rs 63 crore in FY23. The company’s FY25 result has yet to be reported.

Nearly 86% of online grocery buyers look at product quality, says report

YourStoryYourStory · 1y ago
Nearly 86% of online grocery buyers look at product quality, says report
Medial

A study by LocalCircles reveals that product quality is the top priority for 86% of online grocery buyers. Factors like value for money and delivery time are crucial as well. The study also shows a change in purchasing patterns, with more consumers ordering groceries as needed instead of in bulk. Quick delivery platforms like Zepto and Blinkit, offering delivery within 30 minutes, have gained popularity. The study also highlights consumer preferences for different delivery timeframes. Gen Z consumers are more willing to pay for faster delivery. Automated refunds and efficient processes are also preferred by consumers. The study evaluated platforms based on various factors, with Amazon Fresh, Zepto, and Flipkart leading in different categories. Challenges like expired products and quality issues were also observed. The study suggests that established platforms need to speed up delivery times, while quick delivery services need to improve value and quality. The online grocery sector is rapidly evolving, with broad demographic participation and adoption in Tier III and IV districts.

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