#Lenskart

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LENSKART X HOWIE KIM: A HAUNTING EYEWEAR COLLECTION JUST IN TIME FOR HALLOWEEN

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Peyush Bansal - Founder of LensKart, No1 Optical Brand & Clear Vision of India

Peyush Bansal was born on 26 April 1985 in Delhi. He is an Indian Entrepreneur and investor. Peyush Bansal is a CEO and co-founder of LensKart, which is India's multinational eyewear retail chain. LensKart based in Gurugram. He also play a role as a shark, judge, investor on the famous business reality show Shark Tank India.

This company have more than 5000 frames and glasses for a option in frames and glasses, also have upto 50 different style of high quantity lenses. Some products following likes.. Eyeglasses, Contact lenses, Frame options, Color Contact lenses and many more....

About Peyush Bansal

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Understanding the Cost of Opening a Lenskart Franchise

Opening a Lenskart franchise is a lucrative business opportunity for entrepreneurs looking to enter the eyewear retail market. This venture involves understanding the Lenskart franchise cost, including the initial franchise fee, setup costs, and ongoing royalty fees.

With a total investment typically ranging between ₹30–35 lakh, the cost covers store interiors, technology integration, inventory, and marketing support. Aspiring franchisees can benefit from Lenskart’s strong brand presence, robust training programs, and cutting-edge technology, making it a rewarding choice. 

This guide provides clarity on the expenses and requirements to help you evaluate and plan your franchise journey effectively.

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Lenskart as an Investment Opportunity: A Comprehensive Case Study

The eyewear industry in India has undergone a transformative journey, with Lenskart emerging as a dominant player in the market. The company's journey is not just about selling glasses; it represents a paradigm shift in how eyewear is perceived and purchased. In this article, we delve deep into the Lenskart success story, explore its business model, and assess its potential as an investment opportunity.

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Lenskart and OWNDAYS Collaboration: Impact Over India's Eyewear Market

The partnership between Lenskart and OWNDAYS is part of Lenskart’s plan to grow its international product range. It aims to meet the changing needs and preferences of Indian customers. Lenskart already has a wide selection of eyewear brands and products from around the world. This new collaboration with OWNDAYS strengthens its place in the premium eyewear market. For Lenskart, this is not just…

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Lenskart

Why Leasing from Lenskart?

If anyone wants to lease his property & gain a secure profit, then we ( www.franchiseavs.com ) prefer him/her to lease their property with Lenskart & unlock success!

Lenskart Franchise Opportunity in Delhi NCR & India

Introduction of Lenskart!

Founded in 2010, By an ex-Microsoft ‘techie’ with no money but truckloads of relentless passion to make a difference in this world, Lenskart is one of the fastest-growing eyewear businesses today.

Peyush along with his two co-founders Amit Chaudhary and Sumeet Kapahi founded ‘VALYOO Technologies’. The aim was to truly add ‘value’ to customers’ lives by eliminating the retailers, setting up our own high-quality manufacturing, and supplying directly to the consumer. With this, they not only cut costs but also delivered high-quality standards, supported with in-house robotic lens manufacturing and assembly ensuring 100% precision and top quality control.

With a rapidly growing business reaching out to over 1,00,000 customers a month via a unique combination of a strong online business and uniquely designed physical stores, Lenskart is revolutionizing the eyewear industry.

With a rapidly growing business reaching out to over 1,00,000 customers a month via a unique combination of a strong online business and uniquely designed physical stores, Lenskart is revolutionizing the eyewear industry.

Their Vission

Lenskart is breaking the norm of high prices and limited styles in the eyewear industry.

Lenskart stands for great quality and trendiest eyewear at affordable prices making each product great value for money.

We have over 5000+ styles of eyewear

Free eye test to increase footfall

Zero error lenses made by robots in world-class facilities and very competitive pricing

Global standard store experience

What is Leasing?

A lease is a legal, binding contract outlining the terms under which one party agrees to rent property owned by another party. It guarantees the tenant or lessee use of the property and guarantees the property owner or landlord regular payments for a specified period in exchange.

Why should you lease your property with Lenskart?

Market Leadership

Lenskart is a trusted name in the eyewear industry, known for its high-quality products and exceptional customer service. With over 700 stores nationwide, we have established a robust brand presence and a loyal customer base. Their innovative approach, including 3D try-on technology and home eye check ups, sets them apart from other traditional optical stores.

Proven Business Model

The leasing model is designed to ensure your success. They will be providing you with comprehensive support, from store setup to staff training and marketing. Also, their proven business model guarantees a quick return on investment and sustained profitability.

Wide Product Range

As a Lenskart leasing, you will offer a wide range of products including prescription glasses, sunglasses, contact lenses, and accessories.

Benefits you get from the company!

Lenskart provides extensive training programs for you and your staff. From product knowledge to customer service, their training ensures that you can deliver the Lenskart experience to every customer.

They also provide gid marketing support, including local store promotions, digital marketing campaigns, and national advertising.

Their dedicated support team will assist you with store setup, inventory management, and ongoing operations.

Leasing Model

COCO is Lenskart’s leasing model. Company Owned Company Operated (COCO)

This is a model where franchise store units are owned and run by the brand. It does not involve any form of franchising per se, so the total funding comes from the company. The employees of this brand are in charge of running the franchise

Leasing Requirements:

1. Size 500–1000 sqft

2. Frontage 12ft+

3. Signage: 14ft+

4. Beam to bottom height 9.5ft+

5. Ground Floor: Preferred

6. Clear Visibility from all sides: LHS & RHS

7. Parking Space Availability

8. Washroom: Availability

9. Benchmark Brands Bata, Jockey, Titan Eye +, Skechers, Reliance trends, or any other organized retail brands

Locations for Expansion

Kolkata: Chandrahati, Dharampur, Gobardanga, Haldia, Howrah, Kharagpur, Kolaghat, Kolkata, Midnapore, Singur, Tamluk.

NESA: Agartala, Aizawl, Bongaigaon, Churachandpur, Dhubri, Dibrugarh, Dimapur, Diphu, Gangtok, Goalpara, Golaghat, Guwahati, Imphal, Itanagar, Jorhat, Kaching, Kohima, Moran, Mokokchung, Nagaon, Naharlagun, North Lakhimpur, Shillong, Silchar, Sivasagar, Tezpur, Tinsukia, Udalguri, Ziro.

Patna: Ara, Bihar Sharif, Jehanabad, Muzaffarpur, Patna.

Ranchi: Hazaribagh, Jamshedpur, Ramgarh, Ranchi.

Rest Of Bengal: Durgapur, Asansol, Bankura, Barddhaman, Bishnupur, Bolpur, Memari, Purulia, Raniganj, Suri, Malda, Murshidabad, Nabadwip, Siliguri, Cooch Behar, Darjeeling, Dhupguri, Dumriguri, Raiganj.

Rest Of Bihar: Begusarai, Bhagalpur, Darbhanga, Motihari, Purnia, Gaya, Sasaram.

Rest Of Jharkhand: Dhanbad, Bokaro, Giridih.

Chandigarh: Ambala, Chandigarh, Charkhi Dadri, Fatehabad, Hansi, Jagadhri, Kurukshetra, Ladwa, Panchkula, Rajpura, Mohali, Shahbad

Delhi NCR: Bahadurgarh, Barat, Bhainsi, Bhiwandi, Bulandshahr, Delhi NCR, Hapur, Khatauli, Meerut, Muzaffarnagar, Rewari, Shamli, Sonipat.

Himachal: Amb, Bhuntar, Chamba, Dharampur, Dharamshala, Ghumarwin, Hamirpur, Joginder Nagar, Kangra, Kasoti, Kullu, Manali, Mandi, Ner Chowk, Shimla, Solan.

J&K: Baramulla, Budgam, J & K, Jammu, Kathua, Katra, Poonch, Rajouri, Sopore, Srinagar, Udhampur

Jaipur: Ajmer, Alwar, Beawar, Jaipur, Kota, Sikar

Lucknow: Ayodhya, Gonda, Lakhimpur, Lucknow, Raebareli, Sitapur, Sultanpur.

Punjab: Bathinda, Gurdaspur, Jalalabad, Kotkapura, Mandi Gobindgarh, Moga, Nakodar, Punjab, Zira.

Rest Of Haryana: Hisar, Sirsa, Tohana, Ellenabad, Karnal, Jind, Panipat, Rohtak, Bhiwani, Narnaul

Rest Of UK: Almora, Bhagatpura, Dhampur, Gajraula, Haldwani, Nainital, Rudrapur

Rest Of UP: Agra, Aligarh, Etah, Etawah, Farrukhabad, Firozabad, Khurja, Mainpuri, Mathura, Bareilly, Shahjahanpur,, Gorakhpur, Deoria, Basti, Moradabad, Kanpur, Unnao, Fatehpur, Orai, Kannauj, Prayagraj, Pratapgarh, Varanasi, Azamgarh, Ballia, Ghazipur, Jaunpur, Mirzapur, Amethi, Amroha, Auraiya, Badaun, Bahraich, Balrampur, Banda, Bhadohi, Bijnor, Budaun, Chandauli, Chitrakoot, Faizabad, Hardoi, Hamirpur, Hathras, Jhansi, Kasganj, Lalitpur, Sonbhadra.

Dehradun: Kotdwar, Rishikesh, Saharanpur, Roorkee, Haridwar, Dehradun, Kolhupani, Kulhan Karanpur, Padampur Sukhro.

Chennai: Avadi, Cuddalore, Gudiyatham, Kondur, Mamallapuram, Maraimalai Nagar, Muttukadu, Nandivaram, Puducherry, Sevilimedu, Thirunindravur, Thiruppathur, Tiruvannamalai, Vaniyambadi, Villupuram

Kerala: Ajanur, Alappuzha, Alleppey, Aluva, Anchal, Athirampuzha, Attingal, Changanassery, Chengannur, Chethipuzha, Cochin, Edappal, Edathala, Erattupetta, Ernakulam, Ettumanoor, Ezhupunna, Haripad, Kadungalloor, Kannur, Karunagappally, Kerala, Kodungallur, Kolenchery, Kollam, Kottarakkara, Kottayam, Kozhikode, Kuravilangad, Kuttiady, Malappuram, Mananthavady, Mavelikkara, Muvattupuzha, Nedumkandam, Neduva, Neyyattinkara, Nilambur, Ottapalam, Palakkad, Pandalam, Pathanamthitta, Perinthalmanna, Pothencode, Punalur, Ranni, Thennala, Thiruvalla, Thiruvananthapuram, Thodupuzha, Thrissur, Thrithala, Tirurangadi, Triprayar, Trivandrum, Vadanappally, Varkala, Vengara

Rest Of Tamil Nadu: Coimbatore, Avinashi, Erode, Kallakurichi, Karur, Namakkal, Neelambur, Rasipuram, Salem, Tiruchengode, Tiruppur, Udhagamandalam, Madurai, Aruppukottai, Karaikudi, Oddanchatram, Palani, Rajapalayam, Ramanathapuram, Sivaganga, Virudhunagar, Tiruchirapalli, Ariyalur, Chidambaram, Kumbakonam, Pattukottai, Thanjavur, Thiruvarur, Thuraiyur, Tiruchirapalli, Tirunelveli, Ilanji, Sankarankoil, Tenkasi, Unnamalaikadai, Vadakku Valliyur, Vellore, ambur.

Bhopal: Bhopal, Hoshangabad, Itarsi, Narmadapuram.

Rest Of MPCG: Gwalior, Guna, Jhansi, Shivpuri, Indore, Pithampur, Ujjain, Jabalpur, Damoh, Katni, Narsinghpur.

Rest of Maharastra: Amravati, Akola, Aurangabad, Beed, Jalna, Jalgaon, Bhusawal, Dhule, Kolhapur, Miraj, Sangli, Nagpur, Wardha, Solapur, Latur, Nanded. Osmanabad, Yavatmal.

Call To Action

If you are interested in investing in the “Lenskart” leasing, you can contact FRANCHISE AVS through our official website www.franchiseavs.com, or email franchiseavs@gmail.com. you can also reach us by phone at 9205434226.

Conclusion:

Leasing your property to Lenskart offers numerous benefits, including stable and reliable rental income, increased property value, and enhanced marketability. With Lenskart commitment to property maintenance, community engagement, and professional management, property owners can enjoy a worry-free leasing experience. The association with a globally recognized brand and the potential for long-term financial stability make leasing to Lenskart a highly attractive option for property owners.

Visit us — https://franchiseavs.com

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LENSKART BLOG

Honestly speaking, I am fond of eyeglasses. I have used approximately 3 eyeglasses still now but Lenskart is one of them which gives me satisfaction. I am always interested in trying it. Lenskart was doing a lot of promotion and advertising marketing. Later to watch adverts, I visited the Lenskart store to purchase a one-number spectacle from it. I should say their services were amazing. The way of their attendance and treatment of the consumers are very polite. When I saw the frames then I was totally bewildered due to the a lot of variety. The storekeeper helped me to choose the frame and finally, I got the blue cut glasses with ultra-ray protection also I can use them day and night. Its price is not expensive as compared to other brands. They said to me that I could give my previously used glasses for recycling to them. As a result, they could get a bit of a discount. I was like over the moon. They have numerous facilities of one brand for customers. The shopkeeper said that my frames arrive in one week at your home but literally, I got them after 2 days. Their delivery services are really good. Moreover, I bought another pair of sunglasses from this store. A majority of my friends give me the best compliments about it and some friends ask me questions about where I bought it, how it's cost and so on. The frame quality and classes cost everything it's super cool as well as matches my choice. I am very very happy with this brand like a kind in a candy store. I always thank Lenskart for its great services and products. In the future, whenever I need spectacles then I will go to the Lenskart store without any second thoughts. I will recommend to all that it is good to try Lenskart which is the best in all or rather than others.

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Lenskart secured $200 million in secondary investment from Temasek and Fidelity, valuing it over $5 billion. This investment brings Lenskart's total capital raised to nearly $1 billion in 18 months. The company, led by Peyush Bansal, was last valued at $4.5 billion in June. Lenskart operates over 2,500 stores, mainly in India, and has expanded internationally. It invested in brands like GeoIQ and Owndays through its subsidiary, Neso Brands. Lenskart’s FY23 revenue rose to Rs 3,788 crore, reducing losses by 37.3%. The company plans to build a mega factory near Bengaluru airport.

If you want to get complete information related to this topic click HERE.

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Lenskart Success Story: Journey of Peyush Bansal

Talking about the magical unicorns of India, there are some who have revolutionized the industry they work in. One such revolutionary unicorn is Lenskart, which has brought about some significant changes in the eyewear industry.

Lenskart revolutionized the unorganized eyewear industry in India. Starting as an online portal for contact lenses, the company moved on to introduce prescription glasses and sunglasses in its product range as well.

With cutting-edge technology which provides 3D Try-on services and online eye check-up services, Lenskart has now made its presence in the offline market as well and operates in more than 550 stores across the country.

With the mission to become the Maruti Suzuki of the Indian eyewear industry over the next ten years, Lenskart India keeps bringing in new and innovative products and services in its range.

Lenskart India: How It All Began?

The company was founded by Peyush Bansal, who started Lenskart in 2010, along with Amit Chaudhary and Sumeet Kapahi in 2010. Peyush, who used to work at Microsoft, also founded the company Valyoo Technologies, which is the parent company of Lenskart.

While pursuing his post-graduation in Management at IIM B, he launched Valyoo Technologies with SearchMyCampus as the first business portal in 2007. The site aimed to offer solutions to different kinds of problems faced by the students. It offered accommodation, books, internships, carpool facilities, part-time jobs, etc.

While exploring this avenue, he discovered that the eyewear industry is one of the neglected industries which had not been tapped by e-commerce giants such as Amazon and eBay yet.

With this in mind, he launched Flyrr.com in the US, and after receiving a positive response there, he decided to launch the platform in India. Thus, Lenskart was launched in India in 2010.

Business Model of Lenskart

Lenskart India offers more than 5,000 styles of frames and 45 different types of superior-quality lenses to its customers. The designs are in line with the latest trends in eyewear, courtesy of the in-house team of designers, and stylists who keep a tab of the latest trends.

It follows an inventory-led business model where it passes on these designs to its manufacturers. This, and the supply chain followed by Lenskart, helps them to keep the cost of their products under control.

While developing their product, some of the things that the company keeps in mind are the — superior quality of the product, a variety for the consumers, product innovativeness, excellent marketing strategies, and services such as a 3-D trial facility.

The brand’s focus is not just on the trendiness of the product but also on its durability and quality. It uses robotic technology imported specially from Germany, which allows Lenskart to be the only brand in India which is able to make eyewear with up to 3 decimals of accuracy.

Catering to the Indian sentiment of — ‘ aur dikhao ‘, Lenskart India has over 5,000 styles of frames and over 45 types of lenses. They don’t just offer reading glasses but also offer a range of the latest designer sunglasses.

Lenskart has also revolutionized the eyewear industry by using cutting-edge technology. It offers services such as 3-D trial facilities in order to make the process smoother for its customers. It also follows an aggressive marketing strategy where it offers its first-time customers their first frame free of cost.

Lenskart has changed its model over the years and follows an Omni-channel retail model. In an Omni-channel retail model, the business offers services both online as well as offline mode. Initially, it just had an online presence, but soon, it made its mark in the offline world as well. It now has over 550 stores in 30+ cities across India.

The main agenda of Lenskart India behind opening up brick-and-mortar stores was that Indian consumers were a little apprehensive about purchasing eyewear online. The customers wished to try the product out in a physical presence, and touch and feel it in order to be absolutely sure about its quality.

Also, opening up physical stores helped the brand grow its business faster and gain the trust of its customers. They used the Omni-channel to convert their offline customers to online by offering them application and portal facilities. This also helped them strengthen their ties with the customers.

Impressed with the success story of Lenskart? Then, delve into similar examples of impressive success approaches that made the best brands in India today.

Lenskart Funding and Valuation

Lenskart funding has been done by 12 investors that include PremjiInvest, Kedaara Capital, Chiratae Ventures, TPG Growth, Ratan Tata of Tata Sons, Rajeev Chitrabhanu, Adveq, Eqip Capital, IFC Venture Capital Group, etc. It has managed to raise a sum of $459.6 million in over 9 funding rounds.

In December 2019, Lenskart raised $275 million from SoftBank Vision Fund, after which it reached a valuation of $1.5 Billion and generated a revenue of Rs. 486.26 crore in 2019.

The Eyewear Industry

Currently, almost 50% of the world's population needs to wear glasses, and in India alone, almost 1/3rd of the population requires them. However, out of the 1/3rd, about 25% of them actually address their eye problem and wear spectacles.

The eyewear sector in India is extremely unorganized. There are just 10,000 optometrists, whereas there is a requirement for about 40,000 optometrists. However, since the industry is moving towards becoming a more organized sector, there is a lot of growth potential.

The industry had experienced a growth rate of 30% on a yearly basis in the earlier years of its business, and currently, it is a $10 million market. With more people becoming aware of their eye problems and people buying spectacles to follow trends, more than 1.5 million spectacles are sold in India each day.

Continue reading…

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New Lenskart Ad Girl And Lenskart Airflex Ad Girl Name, 2023

Have you ever wondered about the charming and relatable girl in the Lenskart ad,  lighting up screens? From television screens to social media platforms, the Lenskart ad girl has become a familiar face to millions. With her infectious smile and relatable demeanor, she has managed to capture the essence of the brand and resonate with audiences of all ages.

https://articleskip.net/lenskart-airflex-ad-girl-name-who-is-lenskart-ad-girl/

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Lenskart Case Study: A Remarkable Indian Success Story

The story of Lenskart is one of resilience, innovation, and a clear vision that revolutionized the eyewear industry in India. What started as a humble online venture has grown into a multibillion-dollar empire, cementing its place as one of India’s most successful startups. This Lenskart case study delves into its origins, growth trajectory, and potential as an investment opportunity, showcasing the company's ability to disrupt a traditional industry and create a lasting impact.  

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