Eye On Global Horizons, Can Lenskart Win On Affordability Card?

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LensKart sees itself as the largest eyewear retailer in India in terms of revenue, even with a meagre 4-6% of the market in its command. The observation comes from the draft IPO papers filed by the Peyush Bansal-led firm last week.   

Does it look through a foggy lens? Well, in a grossly fragmented market with unorganised players controlling 76% of the $9.2 Bn retail pie, according to the draft IPO papers, the share of the branded retailer is arguably one of its biggest chunks. 

The share of D2C brands in organised eyewear retail is still…



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Eye On Global Horizons, Can Lenskart Win On Affordability Card?


LensKart sees itself as the largest eyewear retailer in India in terms of revenue, even with a meagre 4-6% of the market in its command. The observation comes from the draft IPO papers filed by the Peyush Bansal-led firm last week.   

Does it look through a foggy lens? Well, in a grossly fragmented market with unorganised players controlling 76% of the $9.2 Bn retail pie, according to the draft IPO papers, the share of the branded retailer is arguably one of its biggest chunks. 

The share of D2C brands in organised eyewear retail is still…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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