ETMarkets.com"People had made some big predictions after Covid, especially online businesses. I think a little bit of that sentiment bets did not play out but that will correct over time," says Peyush Bansal, CEO, Lenskart
What is the market size you are looking at? Is it expanding?
Almost half of India needs spectacles and their number is growing to almost 70-80%. I do not get into market size etc. All I know is that half a billion plus people need glasses and that number is growing.
In terms of start-ups, there is a lot of chatter about funding winter and there has been a lot of layoffs in start-ups. Why is that happening at this point?
People had made some big predictions after Covid, especially online businesses. I think a little bit of that sentiment bets did not play out but that will correct over time.
You have acquired Owndays . What is your outlook for this year? Are you planning to take on any other overseas brands? Which other markets are you planning to address this year or probably in the future?
We are largely focussing on India and we have Owndays. So we have a lot to do. So nothing more right now.
Any further plans to reach out to other markets?
No, we are just focussing on India, Southeast Asia and Middle East.
What is the market size you are looking at? Is it expanding?
Almost half of India needs spectacles and their number is growing to almost 70-80%. I do not get into market size etc. All I know is that half a billion plus people need glasses and that number is growing.
In terms of start-ups, there is a lot of chatter about funding winter and there has been a lot of layoffs in start-ups. Why is that happening at this point?
People had made some big predictions after Covid, especially online businesses. I think a little bit of that sentiment bets did not play out but that will correct over time.
You have acquired Owndays . What is your outlook for this year? Are you planning to take on any other overseas brands? Which other markets are you planning to address this year or probably in the future?
We are largely focussing on India and we have Owndays. So we have a lot to do. So nothing more right now.
Any further plans to reach out to other markets?
No, we are just focussing on India, Southeast Asia and Middle East.
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