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Businesses need to be built around a purpose and mission: Lenskart CEO Peyush Bansal

Economic Times

Economic Times · 5m ago

Businesses need to be built around a purpose and mission: Lenskart CEO Peyush Bansal

Lenskart, led by CEO Peyush Bansal, has excelled in the competitive eyewear market by prioritizing purpose and mission. The company has grown to over 2,500 stores in India and Southeast Asia while maintaining operational efficiency. The key turning point was its $400 million acquisition of Japan's Own-days in 2022, boosting its international presence. With a revenue of Rs 5,500 crore in 2024, Lenskart is eyeing a public offering at a $10 billion valuation.

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Business Should Be Built Around Problem Areas, Not Channels: Peyush Bansal

Inc42 · 1y ago

Business Should Be Built Around Problem Areas, Not Channels: Peyush Bansal

Lenskart's CEO and co-founder, Peyush Bansal, expressed doubts about the long-term success of the omnichannel model for the company. He believes that businesses should not be built solely on a model, but rather should address market pain points. Lenskart initially saw low conversion rates when restricted to online sales, prompting the expansion to offline stores. Bansal acknowledged that the success of the omnichannel approach may be temporary, as customer preferences and channels continue to evolve. Other speakers at the Startup Mahakumbh event, such as BlueStone's co-founder Gaurav Singh Kushwaha, highlighted the benefits of the omnichannel model for their businesses.

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

Economic Times

Economic Times · 10m ago

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

- 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.

Lenskart plans to set up ‘mega factory’ near Bengaluru airport; seeks 25 acres of land

Business Today

Business Today · 1y ago

Lenskart plans to set up ‘mega factory’ near Bengaluru airport; seeks 25 acres of land

Eyewear company Lenskart is searching for a large land parcel near Bengaluru airport to build its upcoming 'mega factory'. CEO Peyush Bansal announced the company's need for 25 acres of land and received a swift response from the Karnataka government, assuring their support. Lenskart is also reportedly preparing for an initial public offering, according to SoftBank Vision Fund CFO Navneet Govil. The company, founded in 2008, specializes in eyewear and aims to serve 1 billion eyes globally by 2025.

'Lenskart seeking factory land in B'luru,' says Peyush Bansal, K'taka minister replies

Inshorts · 1y ago

'Lenskart seeking factory land in B'luru,' says Peyush Bansal, K'taka minister replies

Lenskart Co-founder and CEO Peyush Bansal said the company is looking for 25-acre land within 60km of Bengaluru airport to build its next mega factory. Responding to his LinkedIn post, the state's Minister for Commerce & Industries MB Patil said, "Karnataka is the place to be! Industries Department is here to support...and facilitate...your needs. Concerned officials will reach out, immediately."

Lenskart files DRHP with SEBI to launch IPO; Peyush and Neha Bansal to sell shares

IndianStartupNews

IndianStartupNews · 1m ago

Lenskart files DRHP with SEBI to launch IPO; Peyush and Neha Bansal to sell shares

Lenskart, an omnichannel eyewear retailer based in Gurugram, has filed for an Initial Public Offering (IPO) with SEBI to raise Rs 2,150 crore. The IPO includes a fresh issue of shares and an offer for sale where existing shareholders, including SoftBank and company CEO Peyush Bansal, will sell shares. The funds will support retail expansion, tech infrastructure upgrades, and branding efforts. Lenskart reported significant revenue growth and profitability in FY25.

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

Livemint

Livemint · 9m ago

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

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.

Lenskart’s Peyush Bansal charts global expansion amid IPO buzz

Economic Times

Economic Times · 5m ago

Lenskart’s Peyush Bansal charts global expansion amid IPO buzz

Peyush Bansal founded Lenskart in 2010, aiming to make it a global brand focused on scale and customer experience. The company considers an IPO while prioritizing consistent service. With over $1 billion in annual revenue, Lenskart emphasizes technology and efficiency for profitability. Expansion includes a new Telangana facility, enhancing manufacturing capacity. Lenskart continues refining its omni-channel strategy and in-store experiences, inspired by global standards, while fostering new leadership for sustained growth.

Daily Indian Funding Roundup and Key News: 29 July 2025

StartupTalky

StartupTalky · 1m ago

Daily Indian Funding Roundup and Key News: 29 July 2025

On July 29, 2025, several key funding rounds and business updates emerged in India. Zepto raised ₹7.5 crore from Elcid Investments, while Passprt Trips secured $500,000 in pre-seed funding. Sharpsell.ai received INR 30 crore in Series A rounds, and Optipro AI obtained undisclosed funding. In notable news, Peyush Bansal repurchased Lenskart shares, Lenskart acquired Spanish brand Meller, BluSmart faced insolvency, CoinDCX denied acquisition rumors, and India capped Starlink's user base.

Start-Ups Should Focus on Omni Customers, Says Lenskart Founder Peyush Bansal

OutlookIndia

OutlookIndia · 4m ago

Start-Ups Should Focus on Omni Customers, Says Lenskart Founder Peyush Bansal

Lenskart founder Peyush Bansal emphasizes the importance of focusing on "omni customers" rather than just an omnichannel approach. He advises startups to prioritize customer retention through effective product service and after-sales support. Bansal suggests this shift will reduce customer acquisition costs and enhance omnichannel strategies. Speaking at a Startup Mahakumbh event, he also highlighted opportunities for innovation in India’s medical sector, leveraging AI and manufacturing capabilities to address global challenges.

Shark Tank India: After Oyo's Ritesh Agarwal, Zomato's Deepinder Goyal joins judges panel

Economic Times

Economic Times · 1y ago

Shark Tank India: After Oyo's Ritesh Agarwal, Zomato's Deepinder Goyal joins judges panel

Zomato founder and CEO Deepinder Goyal has joined the panel of business reality TV show "Shark Tank India 3." The official Twitter handle of the show announced Goyal's participation. Last week, Oyo founder and CEO Ritesh Agarwal was also announced as a new "shark" for the upcoming season. They will join other judges, including Lenskart founder Peyush Bansal, Shaadi.com founder Anupam Mittal, and more. Goyal expressed his eagerness to learn and contribute on Twitter. The show features entrepreneurs seeking investments from these "sharks" for their business ideas.

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