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ET Startup Awards 2024: Lenskart gets 10/10, bags top honours
Economic Times
·
10m ago
Medial
Gurgaon-based eyewear retailer Lenskart was named Startup of the Year at the 10th edition of The Economic Times Startup Awards. Lenskart was recognized for its success in building a fast-growing, large-scale, omnichannel consumer retail venture and creating a new category. The jury, led by Nandan Nilekani, chose the winners from a shortlist of 41 contenders. Other winners included Mukul Arora for the Midas Touch award as the best investor, Boult as the Bootstrap Champ, BrainSight AI as the Top Innovator, Geetansh Bamania as the Comeback Kid, and Hardika Shah as the Woman Ahead.
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ET Startup Awards 2024: Playing on front foot in innovation game
Economic Times
·
10m ago
Medial
The high-profile jury meeting of the ET Startup Awards was attended by notable entrepreneurs and jury member Shubman Gill, an Indian cricketer who received multiple autograph and selfie requests. The meeting also involved discussions on India's quick-commerce boom and the merits of various technology-led businesses. The jury ultimately selected Lenskart as the Startup of the Year 2024. The event concluded with jurors taking selfies and obtaining Gill's autograph before departing.
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ET Startup Awards: Hardika Shah of Kinara Capital named the Woman Ahead
Economic Times
·
10m ago
Medial
- ET Startup Awards 2024: Minister Ashwini Vaishnaw presents Woman Ahead award to Hardika Shah of Kinara Capital. - Hardika Shah expresses satisfaction in empowering women. - Kinara Capital's Hardika Shah receives recognition at ET Startup Awards 2024 for her outstanding contribution. - Minister Ashwini Vaishnaw commends Hardika Shah's efforts in empowering women. - Woman Ahead award recipient, Hardika Shah, emphasizes the importance of empowering women in society.
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ETSA 2024 | For startups, right talent is human capital, not just human resource: Lenskart CEO Peyush Bansal
Economic Times
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10m ago
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.
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Ashwini Vaishnaw on what would it take for next Nvidia to emerge out of India | ET Startup Awards
Economic Times
·
10m ago
Medial
- Ashwini Vaishnaw, Indian IT Minister, discusses India's semiconductor capabilities at ET Startup Awards 2024. - Highlights advancements in chip design and upcoming semiconductor manufacturing facilities. - Emphasizes India's growing presence as a semiconductor hub. - Talk focuses on India's efforts to bolster domestic chip manufacturing and reduce reliance on imports. - Video of the speech available for viewing.
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Lenskart May See 20% Increase In Valuation In New Share Sale
Inc42
·
8m ago
Medial
Lenskart, the Indian eyewear startup, is in discussions with its current investors to raise $200-300 million through a secondary share sale. This funding round would value Lenskart at $6 billion, a 20% increase from its previous valuation of $5 billion. In the fiscal year 2024, Lenskart reported a net loss of INR 10 crore while generating operating revenue of INR 5,428 crore.
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ET Startup Awards 2024: Union minister Piyush Goyal to grace tenth edition of awards
Economic Times
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10m ago
Medial
Union commerce and industry minister Piyush Goyal will be the guest of honour at The Economic Times Startup Awards, celebrating entrepreneurial excellence. The event, marking a decade of the awards, will feature business leaders and policymakers. Goyal's first interaction with startup industry leaders since removing the 'Angel Tax' is expected to shed light on government support for the new-age economy. Lenskart was named Startup of the Year, with other winners including Boult, BrainSight AI, Rentomojo, ClaimBuddy, Kinara Capital, and Haqdarshak. The awards have recognized successful startups like Ola, Zomato, and Oyo in previous editions.
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ET Startup Awards | IDFC First Bank has special banking offer for startups: V Vaidyanathan, MD & CEO
Economic Times
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10m ago
Medial
- IDFC First MD & CEO, V Vaidyanathan, emphasizes promoting good and fresh ideas of entrepreneurs. - Vaidyanathan highlights the importance of supporting the entire entrepreneurial ecosystem. - IDFC First plays a crucial role in the ET Startup Awards 2024 as a partner. - The partnership aims to uplift and recognize innovative and promising startups. - Vaidyanathan emphasizes the role of IDFC First in supporting and nurturing entrepreneurial talent.
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Our only 'we're dead' moment was when Swiggy raised $1 bn & we had $35 mn: Zomato CEO
Inshorts
·
10m ago
Medial
Zomato CEO Deepinder Goyal opened up about the lowest moment for the company during an interview at ET Startup Awards 2024. "The only one moment (we felt) like 'oh shit, we're dead' was when Swiggy raised $1 billion and we had $35 million in bank," he said. Deepinder was referring to Swiggy's Series H fundraise in 2018 led by Naspers.
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ET Corporate Awards | At the core, our startup DNA still continues: Zomato CFO Akshant Goyal
Economic Times
·
5m ago
Medial
Zomato, a pioneering Indian consumer internet startup, quickly scaled from its 2021 public debut to joining the BSE Sensex. Expanding beyond food delivery, it acquired Blinkit and Paytm Insider, significantly boosting its market capitalization. Despite the growth, Zomato maintains its startup spirit, focusing on innovative business practices. At the ET Corporate Awards, CFO Akshant Goyal highlighted the company's significant employment impact, attributing its success to the ecosystem's backbone, including restaurants and delivery partners.
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Fidelity marks up IPO-bound Lenskart's valuation to $6.1 Bn
Entrackr
·
1m ago
Medial
Fidelity marks up IPO-bound Lenskart's valuation to $6.1 Bn The development comes as Lenskart prepares for its initial public offering (IPO), with plans to raise $1 billion at a targeted valuation of $10 billion. Fidelity has revised the valuation of omnichannel eyewear retailer Lenskart to $6.1 billion, as per its latest monthly portfolio holdings update. In November, Fidelity valued the Peyush Bansal-led company at $5.6 billion. In June 2024, Lenskart raised $200 million via a secondary round, followed by a $20 million investment led by Bansal. As of now, the company has secured nearly $1 billion and reached a valuation of $5 billion during the secondary deal in which Fidelity also participated. Just last week, the company converted its holding entity from a private limited to a public limited company, a move exclusively reported by Entrackr. Media reports also suggested that Lenskart is set to file its draft red herring prospectus (DRHP) confidentially with the markets regulator by the end of this month. Lenskart inched closer to profitability in FY24, with losses narrowing sharply by 84% to Rs 10 crore from Rs 63 crore in FY23. The company’s revenue from operations rose by 43% to Rs 5,427.7 crore in FY24. Its FY25 result has yet to be reported. Lenskart is also exploring the acquisition of location intelligence startup GeoIQ.
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