According to industry sources, the eyewear company Lenskart has reached out to bankers to make a pitch for its impending IPO, which aims to raise roughly $1 billion. The company intends to go public by the beginning of next year and hopes to be valued at around $7 billion. The
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Today, every 3rd person in India has something in common - spectacles. With the growth and excessive utilization of technology, there has been a jump in sales for laptops, desktops, and mobile phones. Thanks to our sedentary lifestyle and constant gazing at a screen, most people suffer from some form
With an estimated INR 1,500 crore in investment, IPO-bound Lenskart intends to establish its largest eyewear manufacturing facility in Telangana. On December 9, 2024, state IT and industries and commerce minister Duddilla Sridhar Babu posted on X that the Gurugram-based eyeglasses company has signed a memorandum of understanding (MoU)
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When we think of fashion, items like clothes and footwear often come to mind. However, fashion isn’t limited to what we wear. Today, spectacles have become an essential part of style and a key fashion statement, embraced by nearly everyone. In today's world, long working hours and
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In contemporary India, approximately one-third of the population requires spectacles due to diagnosed vision issues, though only a quarter of them wear them. Beyond practical necessity, a large percentage of people choose to wear eyeglasses as a fashion statement, which creates a sizable market for a variety of eyewear options
Hotel firm OYO's former chief financial officer (CFO), Abhishek Gupta, has been appointed CFO of eyewear manufacturer Lenskart. “I recently started working at Lenskart as the CFO after nine incredible years at OYO,” Gupta stated. In his October 22 LinkedIn post, Gupta thanked OYO founder Ritesh and the
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Starting a business from scratch can be a daunting task, especially when you consider the risks involved. It is a thrilling yet challenging endeavor, especially in a diverse and dynamic market like India. For those who want to minimize risks and leverage established business models, franchising is an excellent option.
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Approximately 64 percent of adults around the world need corrective lenses to see clearly, according to recent studies. Envisioning a society where selecting the ideal eyewear is both a vital must and a truly enjoyable activity. This ambition has come true thanks to Lenskart, an industry pioneer. Both customers'
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The franchise industry in India has been witnessing significant growth, with over 300 new franchise companies starting up every year. According to industry statistics, the India franchise business is expected to reach USD 140-150 billion in the next five years. Multi-unit franchisees account for 53% of all franchises in the
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Bhuvan Avnindra Shankar Bam is an Indian YouTube sensation, comedian and singer-songwriter hailing from Delhi, India. He is largely famous for his YouTube channel BB Ki Vines in which he portrays a man in his teenage years having hilarious conversations with a cast of various interesting characters portraying his friends
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Brand ambassador are the crucial part of brand marketing, as they are responsible in the positioning of the brand image, gaining new customers and retaining the existing ones. One of the other common reasons for a company to get a brand ambassador is to reach the target audience of the
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With the developing and expanding digital platforms, things (especially shopping) have become extremely handy and fun. You do not need to visit the market or mall to purchase something. Digital platforms and the Internet have made shopping absolutely convenient and you can have your product on your doorstep. E-commerce websites