Lenskart's Ambitious Plans
Lenskart, an eyewear major, is set to expand its infrastructure for eye-testing and distribution, similar to Reliance Jio's optical fibre network across the country.
Profit is just a byproduct of creating value for customers.
The company's founder and CEO, Peyush Bansal, announced that Lenskart will redefine remote optometry
. The funds raised through the initial public offering (IPO) will be used for physical store expansion, technology enhancement, marketing, and potential acquisitions.
- Price band: Rs 382-Rs 402 per share
- Overall valuation: around Rs 70,000 crore
Bansal emphasized that the IPO is not an exit event, but rather an opportunity to broaden ownership and bring long-term partners on board.
Author's summary: Lenskart plans to expand infrastructure.
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