Eyewear major Lenskart wants to build heavy infrastructure–on the lines of Reliance Jio laying optic-fibre across the country–for eye-testing and distribution, founder & CEO Peyush Bansal said on Monday.

Lenskart will “redefine remote optometry”, he said. On creating value for customers, the Lenskart CEO noted that “profit is just a byproduct of that process”. The firm is not “raising more capital than necessary”, given its strong balance sheet and positive cash flows, Bansal added.

“This (the company’s upcoming IPO ) is not an exit event,” he said, adding that “the listing is more about broadening ownership and bringing long-term partners on board”.

Every Indian consumer tech brand must “aspire to be international”, said Bansal, highlighting Lenskart’s journey from selling contact

See Full Page