Lenskart Preps for IPO: What Does This Mean for the Eyewear Giant?
Lenskart, the Indian eyewear leader founded by Peyush Bansal in 2010, is making big moves to go public with plans to raise between $750 million and $1 billion through an Initial Public Offering (IPO). This marks an exciting new chapter for the company, and if successful, could make it one of the largest listings in India’s…
In an exciting move for the SaaS startup scene, BiteSpeed, a Bengaluru-based startup, has secured $3.5 million in funding from Peak XV Partners’ Surge Program. This new investment will fuel BiteSpeed’s expansion, helping the company boost its marketing, sales, and technical capabilities while also growing its global presence in North America, Europe, the Middle East, and Southeast Asia.
Since…
Diwali is one of India’s most awaited festivals, and with it comes a shopping frenzy that lights up households and e-commerce platforms alike. This year, online sales during the festival surged to a record-breaking Rs. 100,000 crore (around $12 billion), marking a 23% increase from the previous year. But behind these impressive numbers, many e-commerce businesses faced an enormous…
The All India Consumer Products Distributors Federation (AICPDF) has raised a formal concern regarding the unchecked expansion of quick commerce platforms such as Blinkit, Swiggy Instamart, and Zepto. In a letter to Trade Minister Piyush Goyal, the AICPDF has called for a thorough review of the sector’s rapid growth, warning that it is creating an uneven playing field that threatens the…
