Peyush Bansal on Lenskart’s ₹70,000 Crore IPO | Vision for a Billion | Global Ambitions from India

Описание: Eyewear retailer Lenskart has filed its final Red Herring Prospectus (RHP) with SEBI, setting the stage for one of the year’s most closely watched internet listings.
The Peyush Bansal led startup is targeting a post-money valuation of around Rs 70,000 crore ($7.97 bn) for its proposed initial public offer (IPO) at the higher end of the price band.
Bansal, the co-founder and CEO of Lenskart, isn’t talking like a man preparing to cash out. For him, the upcoming IPO is not a finish line but a milestone. “This is not an exit event,” he asserts.
Over the last decade and a half, Bansal has scaled Lenskart from an online eyewear retailer into one of India's most ubiquitous consumer brands - marrying technology, design and manufacturing. As Lenskart chases global ambitions (it already derives 40 percent of revenues from outside India), Bansal's ultimate mission is to do to eye testing what Jio did to consumer internet, in a country starved of optometrists.

“We have to lay the optic fibre like Jio,” he says, invoking Reliance’s sweeping telecom rollout.

In an interview with Moneycontrol’s Chandra R Srikanth and Tushar Goenka, Bansal reflected on why being a promoter is emotional and important to him, why every D2C brand needs to be global and why being discontent anchors the Lenskart DNA.
#lenskart #ipo #ipowatch
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