Aim is to build like Jio in eye testing: Lenskart CEO

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.

- NESIL STANEY

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”.