Company overview
Lenskart at a glance
Lenskart sells eyewear through both the internet and physical stores. Customers can get their eyes tested, choose frames and lenses and buy prescription glasses, sunglasses or contact lenses. Unlike a marketplace that mainly connects outside sellers with customers, Lenskart controls more of the value chain itself: it develops products, operates manufacturing and lens-processing facilities and sells through its own retail and digital network. This gives it greater control over product design, pricing and the customer experience. The business was incorporated as Valyoo Technologies in 2008 by Peyush Bansal, Neha Bansal, Amit Chaudhary and Sumeet Kapahi, and began online operations in India in 2010. It opened its first physical store in 2013 and has since built a large omnichannel retail network in India while expanding into international markets.