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Sep 13, 2024 · The ten-member jury chose Lenskart, which is currently valued at $ 5 billion, over publicly listed general insurer Go Digit in a keenly contested round where the relative merits of both companies were discussed in detail.
Your best bet is to buy frames from a local optician (or from a spectacle bazaar) and go for a branded lense co like Zeiss or Nikon.
Mar 11, 2024 · Lenskart realised very early on in the game that while its D2C proposition is great, the eyewear industry cannot go completely online. It adopted an omni-channel strategy. Yes, while most D2C brands are now moving from an online-only to an omni-channel presence, Lenskart did this on day 1.
This virtual K-Pop band is not a real-world entity but comprises four virtual characters that exist within a multiverse. By leveraging generative AI, Lenskart brought these characters to life, allowing customers to explore eyewear collections in a K-Pop-inspired context.
- Vaishnavi Gupta
- About Lenskart and How It Works?
- Lenskart - Industry
- Lenskart - Startup Story
- Lenskart - Mission and Vision
- Lenskart - Name and Logo
- Lenskart - Product and Services
- Lenskart - Business Model
- Lenskart - Marketing Strategy
- Lenskart - Funding and Investors
- Lenskart - Growth and Revenue
Lenskart is a leading eCommerce company that maintains an online optical store packed with both classic and trendy eyeglasses, lenses, and more at affordable prices.These glasses can be easily ordered online by the customers, who will get them delivered with many discounts that come and go. Unlike many other players, Lenskart operates on both an on...
The eyewear industry in India is experiencing substantial growth, with an estimated revenue of $5.58 billion in 2023. This represents a significant market opportunity, as the industry is projected to grow at an annual rate of 8.19% between 2023 and 2027, indicating a promising compound annual growth rate (CAGR). Among the various segments in the In...
Around 1/3rd of the population needs glasses but only some of them managed to get access to them. Besides, India is also popular as the blind capital of the world, which has last recorded nearly 15 million people who are blind. This is the sole reason why Peyush Bansal decided to find "VALYOO Technologies." As far as the latest revelations via the ...
Lenskart's mission statement says, "Our mission is to give India a vision," as the world's fastest-growing eyewear company and largest presence online. Lenskart sells prescription eyewear, branded contact lenses, and sunglasses, all of which are personalized to the customers' vision requirements.
The company edited the three most widely recognized frame shapes – a square, a circle, and a triangle – to create slightly more abstract forms, and this is how the Lenskart logo was created.
Lenskart has over 5,000 frames and glasses to choose from, as well as over 45 different types of high-quality lenses. Its product offerings range from - 1. Eyeglasses 2. Premium Eyeglasses 3. Sunglasses 4. Shape options: Wayfarer, Oval, Rounders, Cat Eye 5. Size options: Small, Medium, and Large 6. Brands: Bausch and Lomb, Johnson & Johnson, Alcon ...
Lenskart operates on aninventory-driven business model with a B2C concept.Its in-house stylists and designers keep up with the latest eyewear trends. The manufacturers are then given these designs. By controlling the entire supply chain, the company is able to keep costs down. The company primarily serves customers through its online platform, offe...
Lenskart has implemented a robust marketing strategy to establish its presence as a leading eyewear brand. One of the key elements of their approach is leveraging celebrity endorsementsto create brand awareness and appeal. Through collaborations with prominent figures like Karan Johar, Lenskart effectively captures the attention of a wide audience ...
In 2019, Lenskart achieved unicorn statusby raising a funding round led by SoftBank, the Japanese financial conglomerate. Lenskart, the popular eyewear startup, has received funding from a total of 26 investors. Notably, Chrys Capital and the Abu Dhabi Investment Authority (ADIA) are among the recent contributors to Lenskart's funding. ADIA acquire...
Some important growth highlights of Lenskart can be summed up as: 1. Lenskart is currently recognized as one of the top 3 optical businesses in India. 2. Lenskart serves more than 40 million customers. 3. The company reaches out to over 1,00,000 customers a month. 4. Lenskart is spread over 235 cities in India. 5. Lenskart boasts of having over 500...
- 2010
- Gurgaon, Haryana, India
- Peyush Bansal, Sumeet Kapahi, Amit Chaudhary
- Prescription Eyewear, E-commerce
Oct 8, 2020 · With the mission to become the Maruti Suzuki of the Indian eyewear industry over the next ten years, Lenskart India keeps bringing in new and innovative products and services in its range. Lenskart India: How It All Began? The company was founded by Peyush Bansal, who started Lenskart in 2010, along with Amit Chaudhary and Sumeet Kapahi.
People also ask
Who is Lenskart vs Go digit?
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Sep 19, 2022 · Whenever the vision got blurred, Peyush Bansal adjusted his focus. In a decade, he's built Lenskart into India's largest eyewear company and a profitable unicorn
