Lenskart bets on AI as $8 bn IPO nears

Lenskart cofounder and Chief Executive Officer Peyush Bansal is betting on artificial intelligence (AI) to accelerate growth as India’s largest eye-wear retailer prepares for an $8 billion initial public offering (IPO) in November —building on a decade of technology investments in supply chains and remote eye testing.

- PEERZADA ABRAR

The company, which turned profitable in 2024-25 (FY25) after years of losses, is deploying Al-based eye tests in overseas markets and expanding remote testing across India to reach underserved areas. Bansal said AI will be central to Lenskart’s goal of eventually serving 1 billion customers. “Now, with the next wave of innovation through AI — and we're experiencing it ourselves — there has been so much development in the last year,” Bansal told Business Standard. “We're already conducting AI-driven eye tests in foreign markets, and in India, we've massively scaled remote testing to reach even the remotest parts of the country.”