According to those briefed on the subject, Lenskart is contemplating a possible $10 billion valuation for its impending initial public offering (IPO), which is quadruple that of its most recent investment round. According to the omnichannel eyeglasses store, the brand is planning to file draft papers in May. In recent weeks, Peyush Bansal, the CEO, and important investors spoke with the bankers overseeing the $1 billion IPO about valuation. However, the plans depend on the state of the market as the IPO approaches.
According to a media report, efforts are being made to submit the draft red herring prospectus (DRHP) by May in order for it to be listed this year. Internally, some people feel even more aggressive about the valuation, but one must leave money on the table for potential IPO investors, and that may not be in line with the state of the market. Over the past year, investors had been considering accessing the public markets due to Lenskart’s size and profitability, but Bansal had not finalised those plans. Rather, over the past two years, investors have been able to part-sell holdings for liquidity through high-profile secondary sales.
In contrast to a previous round of primary capital infusion of $4.5 billion, Lenskart closed a $200 million secondary round in June of last year at a $5 billion valuation. Secondaries usually occur at a discount, but both new and existing investors have been clamouring for Lenskart shares.
Recent Developments at Lenskart
Prior to the IPO, Lenskart has been striving for complete profitability through a significant decrease in losses and consistent sales growth. Due to technology-driven operational savings, net loss decreased from INR 64 crore in FY23 to INR 10 crore in FY24. As per quoted by a media report, “They (Lenskart) rely and leverage a lot from technology, which leads to operational efficiency in an omnichannel model.”
In FY24, operating revenue increased 43% year over year to INR 5,428 crore. From INR 403 crore in FY23 to INR 856 crore in FY24, EBITDA more than doubled. Bansal stated in an interview last year that the success of its activities was demonstrated by the net promoter score, a crucial measure of consumer happiness, which increased from 65 in previous years to over 80. “Whether it’s enhancing the customer experience, streamlining the supply chain, or cutting down on delivery times, technology is at the core of everything we do,” he had stated.
Lenskart is increasing its retail network and concentrating more on domestic manufacture. Its factory in Rajasthan now handles the majority of the manufacturing. The business is investing $200 million in a new Telangana facility. This will lower expenses and boost its export operations to India. The company intends to add 400 stores to its 2,500-strong brick-and-mortar network, despite the fact that internet sales have surpassed offline growth in the last two years.
Joining the IPO Race
This year, a number of fintech, business-to-business (B2B), and e-commerce startups have planned filings. Ather Energy, Zetwerk, Groww, Bluestone, PharmEasy, Oyo, and Zepto are a few companies at varying phases of IPO preparation. Despite bankers’ optimism, companies will price their products according to the state of the market when they go public, especially if they haven’t turned a profit yet, as was the case last year.
New Delhi [India], February 17: Aeon & Trisl Group has once again set a new standard in the UAE’s real estate market by being awarded the No.1 ranked agency at the Emaar Annual Broker Awards 2024. This marks their second consecutive year at the top and an unprecedented sixth consecutive quarterly victory, underscoring the firm’s unwavering dominance in the industry. With over AED 2 billion in sales exclusively through Emaar—an all-time record—the group has outpaced all expectations and raised the bar for its peers.
“Winning the No.1 title from Emaar for the second consecutive year and the 6th consecutive time for a quarter is a historic achievement for us. This success reflects our strategic vision, the dedication of our global team, and our unwavering commitment to delivering exceptional experiences to our clients ” said Mr. Saleem Karsaz, Founder & Group CEO of Aeon & Trisl.
This remarkable success is not solely attributed to leadership but also the company’s seamless operational execution. Under the stewardship of Chief Operating Officer Mr. Baber Shah, the company has been able to implement its vision with flawless precision.
“These accolades from industry leaders like Emaar and other major players are the result of long-term strategic planning combined with operational excellence,” Mr. Shah stated.
The momentum driving Aeon & Trisl’s dominance in the market is also reflected in the words of Mr. Noor Mukaty, Cofounder & Partner at Aeon & Trisl, who said, “We are well-positioned to sustain our momentum, achieve even greater milestones, and further expand our global presence in real estate.”
Aeon & Trisl’s continuous recognition across multiple developers reaffirms its position as an industry leader committed to providing top-tier real estate solutions. Mr. Ali Saleem Gilani, CEO Pakistan & UK, emphasized,“Our global approach and innovative strategies have allowed us to consistently outperform in competitive markets.”
Further reinforcing Aeon & Trisl’s international expansion, Mr. Hasnain Bayar, Partner UK, stated,“With our growing presence across key global markets including London Mayfair, we continue to adapt and innovate, ensuring that our international offices uphold the same standard of excellence.”
One of the key driving forces behind this achievement is the single highest contributor, Mr. Sikander Aziz, Associate Partner, whose client-focused approach and exceptional negotiation skills have consistently secured high-value deals. His efforts have been crucial in driving the company’s record-breaking sales performance time and again. “Achieving this milestone is not just about numbers; it’s about trust, perseverance, and delivering excellence at every step. This is a testament to all the hard work put in throughout this incredible journey, and I am proud to be a part of this historical moment,” Sikander Aziz added.
The success is not merely an individual achievement; it is a collective triumph powered by the dedication and expertise of the entire Board Members & Sales team. Mr. Sharjeel, Associate Partner, emphasized, “Every deal closed is a step toward an even greater goal, and this award is proof that when a team shares a vision, the results speak for themselves.”
The pursuit of excellence was also echoed by Mr. Kashif Qureshi, Associate Partner, who asserted that “Success in real estate is never given; it is earned through determination and an unwavering pursuit of excellence—something that defines Aeon & Trisl.”
Ms. Fatima Alkobaisi, Associate Director, expressed immense pride in the team’s resilience, highlighting that “The real value of their work is reflected in this achievement, emphasizing that it belongs to everyone at Aeon & Trisl, and it’s a reflection of our collective commitment to excellence.”
Mr. Mateen Lakhiya, Associate Director, acknowledged that“This milestone is a direct result of the dedication and relentless effort of the entire Aeon & Trisl team, where it is a true reflection of the benchmark they’ve set in the industry.”
The company’s key figures have repeatedly emphasized the importance of hard work and persistence. Mr. Shakir Chohan & Mr. Vineet Varma both agreed that success is earned through a client-first mindset. As This award validates the passion the team brings to the industry every day.
This achievement also highlights the crucial role of a team that consistently refuses to accept anything less than the best. Mr. Hafiz Waqas praised the team’s unyielding commitment to excellence, while Mr. Rayyan Maniya & Mr. M. El Zein reiterated that real estate is about relationships, not just transactions, reflecting that the trust they built with clients makes this success even more meaningful.
Mr. Usman Azam, who specializes in working with local investors, emphasized that dedication, consistency, and passion are essential to breaking records, expressing his gratitude for being part of a team that continuously pushes the boundaries of success.
Finally, Ms. Firuza Sidikova concluded with a strong statement about the company’s ongoing commitment to growth, and Aeon & Trisl’s ability to consistently break records is just the beginning of an even brighter journey ahead.
This achievement is a powerful demonstration of the value of teamwork, strategic planning, and unwavering commitment to excellence. “Success in real estate is a team effort, and this award is proof of the passion, dedication, and hard work we bring to the table every day,” Mr. Saleem Karsaz added. With such a talented and committed team, Aeon & Trisl is poised to reach even greater heights, continuing its legacy of excellence and leadership in the real estate industry.
Zomato, a leading food delivery company, has introduced ‘Nugget’, an AI-driven customer support platform designed to help businesses enhance their customer service operations. This announcement was made by Zomato’s CEO, Deepinder Goyal, on social media platform X (formerly Twitter).
Nugget is a no-code platform, meaning businesses can use it without any coding knowledge. It offers options for customisation and is very cost-effective. This eliminates the need for a dedicated development team. The platform automates customer support processes without relying on fixed workflows, allowing for smooth operations.
One of Nugget’s standout features is its ability to autonomously resolve up to 80% of customer queries. It continuously learns and adapts in real time, improving its responses over time. This ensures that customers receive timely and accurate assistance, enhancing their overall experience.
From In-House Tool to Global Solution
Originally developed as an internal tool, Nugget has been in use for over three years within Zomato. It currently manages more than 15 million customer interactions each month across Zomato’s services, including Blinkit and Hyperpure. Given its success, Zomato is now offering Nugget to businesses worldwide. According to Goyal, 90% of companies that have experienced the Nugget platform have chosen to adopt it.
Nugget is the inaugural product from Zomato Labs, the company’s innovation hub focused on developing in-house solutions. This move signifies Zomato’s commitment to utilising technology to improve business operations and customer satisfaction.
Enhancing Customer Support for Businesses
For businesses looking to enhance their customer support without any major investment in technology or personnel, Nugget presents a great solution. Its user-friendly interface, combined with powerful AI capabilities, allows companies to scale their support operations efficiently and effectively.
In summary, Zomato’s launch of Nugget marks a significant advancement in AI-driven customer support solutions. By making this platform available globally, Zomato is enabling businesses of all sizes to improve their customer service operations. This will ultimately lead to better customer experiences and operational efficiency.
In today’s world, people are increasingly realizing the importance of accessing and utilizing products without the burden of long-term ownership. If you’re looking for a business idea that offers low investment and high profit potential, starting a rental or lease business is a smart move. With this model, you maintain ownership of the product while earning revenue from its usage.
The rental business is thriving as more and more individuals prefer renting over purchasing. It’s crucial to choose the right products to offer for rent, and conducting thorough market research is essential before diving in. In this blog, we will guide you through the process of starting a successful rental business. From identifying profitable product categories to understanding customer demands and marketing strategies, we will provide you with valuable insights and practical tips.
Discover the immense opportunities that exist in the rental and lease industry, where you can tap into the growing trend of people seeking access rather than ownership. Join us as we explore various product options and share valuable knowledge on market research, customer acquisition, pricing strategies, and more. Get ready to embark on a rewarding journey into the world of rental and lease business, where low investment and high profitability await. The rent business in India is growing rapidly, offering various opportunities for entrepreneurs in areas like office space, party supplies, and equipment rentals. Let’s delve into the details and uncover the key steps to launch your own thriving rental or lease business.
Air Conditioners Rental Business – Rental Business Ideas in India
Air conditioners are the modern convenience that has become essential to employ comfort and safety as well as for business improvement. It maximizes comfort. It also increases efficiency. It will help during summer days and boost up productivity. This air conditioning renting might be used for the customer like travelers, business people, function houses, and so on.
Starting an air conditioner rental business can be a lucrative venture, offering flexible solutions for individuals, businesses, events, and more.
Lets explore the advantages of starting an air conditioner rental business:
Cost-effective alternative to purchasing air conditioners outright.
Flexibility in terms of rental duration and usage.
Ability to scale and grow the business as demand increases.
Provides temporary cooling solutions for events, businesses, and individuals.
Reduces the financial burden for customers with seasonal or temporary cooling requirements.
Allows customers to try different models or brands before making a purchasing decision.
Provides prompt customer service and technical support.
Potential for recurring revenue through long-term rental contracts or subscriptions.
Apartment Renting Business – Rental Business Ideas in India
The real estate market is thriving, and the demand for rental apartments continues to rise as more individuals seek comfortable and convenient living spaces. The advantages of owning a rental property are few but it will be very much powerful. If everything is done well then one can make a lot of money from this business. And nowadays it is a wise business for an entrepreneur because most peoples search for apartment rentals. Renting an apartment can be one of the most profitable apartment business ideas.
Some of the advantages of an apartment renting business are:
Steady rental income providing financial stability.
Diversification of investment portfolio.
Tax benefits including deductions for expenses.
Potential for property value appreciation over time.
Control over property management for tenant satisfaction.
Ability to scale and grow the business by acquiring more properties.
Can generate passive income with proper management.
Allows for flexibility in adjusting rental prices based on market demand.
Houseboat Rental
Houseboat Rental Business – Rental Business Ideas in India
If you’re looking for a unique and profitable venture in the tourism and hospitality industry, starting a houseboat rental business can be an excellent choice. This is the advanced business technology in the market. This business has two options such as either you can purchase or offer it.
Advantages of houseboat rental business:
Unique and memorable experience.
High Demand in tourist destinations.
Opportunities for collaborations with local tour operators, travel agencies, and event planners to promote your houseboat rentals.
Lucrative Revenue Potential.
Flexibility in rental options.
Car Rental Business
Car rental Business – Best Rental Business in India
These days, car rental is one of the hottest industries. For people who require a vehicle on a temporary basis, renting a car is always a cheap and practical choice. Car rental is popular not just with vacationers, but also with businesses. Car rental is mostly used by travellers. One can move from one place to another place and discover many things with little cost.
There are many advantages of car rental business:
Freedom of movement
Money-saving
Quality of life
Comfort
Price
Affordability
Car Rental Bookings by Brand in India
Furniture Leasing and Renting for Babies
Kids Furniture Rental Business – Rent Business Ideas in India
This is the most valid rental business where parents buy furniture for a little period of time. When the baby grows up then this furniture will be useless that’s why parents prefer to rent the furniture. When it comes to customising a child’s room, there’s a lot you can do, and you don’t have to sweat it because renting saves a lot of money, time, and headaches.
Here are some of the advantages of renting furniture for your children:
Cost-effective
Hassle-free
Convenient
Long or short term
Flexibility
Coffee Machine Renting
Coffee Machine Rental Business – Rental Business Ideas in India
Coffee machine renting is one of the greatest ways to earn money in marketing. Nowadays coffee machines running one everywhere like offices, schools, colleges, coffee shops, hotels, restaurants, bakeries and so on. Coffee machine renting gives unrivalled flexibility. Renting a coffee machine change your mind. In this business. In this business maintenance and servicing is included.
Here are some of the advantages of Coffee machine renting business:
Low startup costs compared to purchasing coffee machines outright.
Access to a wide range of coffee machines to cater to different customer preferences.
Opportunity to upsell related products such as coffee beans, accessories, and maintenance services.
Can cater to various industries, including offices, hotels, restaurants, and event venues.
Conference Room Renting Business – Rental Business in India
As the travel and hospitality industry continues to flourish, the demand for conference venues and hotel accommodations remains strong. Starting a conference and hotel room booking business can be a profitable venture, connecting event organizers and travelers with suitable venues and accommodations.
Here are are the top advantages of conference and hotel room booking business:
Renting office equipment has become a popular choice for businesses of all sizes due to its cost-effectiveness, flexibility, and convenience. By opting for office equipment rental, companies can access the necessary tools and technology without the high upfront costs associated with purchasing.
When you are starting or growing a business, cash is often in short supply. One way to spend less is to lease essential office equipment instead of buying it.
There are many advantages to this business some are listed below:
Moving one’s furniture and appliances from city to city is a hugely complex and expensive process. People prefer rented furniture and home appliances like refrigerators, washing machines, beds, sofas, chairs, and other home essentials. Whether you have to buy or rent furniture and appliances depends on many factors. Few reasons for this business are cost-effective, hassle-free, flexible, and easy returns.
Here are are the top advantages of home appliances rental business business:
Provides a cost-effective solution for individuals and businesses who don’t want to invest in purchasing expensive home appliances.
Access to a wide range of appliances to cater to different customer needs and preferences.
Opportunity to offer additional services such as delivery, installation, and maintenance of the appliances.
Appeals to customers who have temporary or seasonal needs for specific appliances.
Eco-friendly option by promoting the reuse and sharing of appliances, reducing waste.
Opportunity to expand the business by adding new appliances and services based on market demand.
Book Rental Business
Books Rental Business – Rent Business Ideas in India
Renting books can be a profitable company because some individuals prefer to rent rather than buy a book they wish to read. They usually do it, especially if the books are only needed momentarily. Renting a book is less expensive than buying it. This is the perfect platform for clients who simply rent their books and earn profit easily. All types of books can be rented with a rental script. This is aone of the most profitable small rental business ideas.
Some of the benefits of book rental business are below:
Cost-effective alternative for avid readers who don’t want to purchase books outright.
Potential for recurring revenue through subscription-based models or membership fees.
Eco-friendly option by promoting book sharing and reducing paper waste.
Provides access to rare, out-of-print, or hard-to-find books that may be unavailable for purchase.
Appeals to students, travelers, and individuals who prefer not to carry heavy books.
If you have a passion for fashion, creativity, and making people’s special occasions even more memorable, starting a costume rental business can be an exciting and profitable venture. Costume rentals provide individuals and organizations with the opportunity to dress up in unique outfits for events, parties, theatrical performances, and more. The costume rental business will be very much beneficial. It is part of a continuously flourishing industry that presents many growth opportunities.
How to start costume rental business, some tips:
Find your target market
Figure out your costs
Secure funding for your startup
Create a Limited Liability Company (LLC)
Register for taxes
Open a business bank account
Build your costume rental inventory
Invest in an inventory management setup
Create an online costume rental store
Effectively manage your costume vendors
Some of the advantages of a Costume Rental Business:
Wide range of costume options for various themes, eras, and events.
Cost-effective solution for customers compared to purchasing expensive costumes.
Diverse customer base including individuals and organizations.
Seasonal peaks in demand during holidays and events.
Additional revenue opportunities through add-on services and accessories.
Collaborations with event planners and entertainment industry.
Flat Renting Business
The flat renting business involves leasing residential properties to tenants for a specified period in exchange for rental income. As a flat rental business owner, you acquire flats or apartments, either through purchase or lease agreements, and offer them for rent to individuals or families seeking accommodation.
In metro cities, the flat rental business is a huge opportunity. The capital which is needed for starting a flat rental business is less. This business is profitable in the area of suburban and metro cities and also people are looking for flats to live or work in.
To start a flat renting business, you need to consider factors such as location, property condition, rental rates, legal obligations, and market demand. Investing in desirable areas with good amenities, proximity to transportation, and a high demand for housing increases the likelihood of attracting tenants and generating steady rental income.
If you have a passion for decor, event planning, or interior design, starting a business that offers artificial trees and flowers on rent can be a creative and profitable venture. Normally these artificial trees and flowers are used in birthday parties, weddings, corporate functions, and so on. These are used in indoor and outdoor activities. People prefer to decorate parties with these artificial trees and flowers.
Advantages of renting artificial trees and flowers:
Low maintenance and long-lasting durability.
Wide variety of options for versatile design and customization.
Convenient and flexible rental options for events and decor.
No need for storage or disposal of real plants or flowers
Construction Equipment Renting
If you’re considering starting a business in the construction industry or expanding your existing services, renting construction equipment can be a lucrative opportunity. Renting construction equipment allows contractors, builders, and individuals to access the necessary machinery and tools without the significant upfront investment of purchasing them outright.
The benefit of construction equipment rental business:
Avoid the Initial Purchase Cost
Less Maintenance and Repair Costs
Shielding From Market Fluctuation
No Depreciation Costs
Project-Specific Rentals
Solve Equipment Storage Issues
Transportation Logistics
Video Game Renting
Video Game Rental – Rental Business in India
If you’re a gaming enthusiast and have a passion for sharing the joy of gaming with others, starting a video game rental business can be an exciting and profitable venture. With the increasing popularity of video games and the rising costs of purchasing new titles, many gamers are seeking affordable and convenient ways to enjoy a variety of games.
Advantages of a Video Game Rental Business:
Cost savings for gamers
Access to a variety of games
Convenience and flexibility
Early access to new releases
Try before you buy option
Fosters a gaming community
Additional services like console rentals and gaming events
Camera and Accessories
The camera and accessories business can be done in two ways one is online or another is offline. In this business, you not only provide a camera and but also lenses and light. At Birthdays, parties, weddings everyone needs to rent a camera to capture their best moments. This is why your camera rental business will always have customers drawn to it.
To make this business success some important points are as follows:
Keep the best inventory in stock
Showcase your products with an online store
Offer discounts and deals to attract customers
Create watertight agreements
Use the power of social media
Adopt rental inventory tracking software.
Toys Rental
Toys Rental Business – Rental Business Ideas in India
If you have a passion for toys and want to bring joy to children and families, starting a toys rental business can be a rewarding and profitable venture. With the ever-changing interests of children and the high costs associated with purchasing new toys, parents and caregivers are increasingly turning to rental services to provide their children with a variety of toys.
Advantages of a Toys Rental Business:
Cost savings for parents and caregivers
Access to a wide variety of toys
Developmental stimulation for children
Flexibility and convenience for customers
Space optimization for homes
Opportunity to cater to changing interests and preferences of children
Provides a unique and enjoyable experience for children
Medical Equipment Rental
Medical Equipment Rental – Rental Business in India
The medical equipment rental business is a highly promising venture in the healthcare industry. With the increasing demand for medical equipment and the rising costs associated with purchasing and maintaining such equipment, renting medical equipment has become a popular and cost-effective solution for healthcare providers and patients alike.
Advantages of a Medical Equipment Rental Business:
Flexibility in terms of equipment usage and duration
Maintenance and upgrades handled by the rental company
Lower risk of equipment obsolescence
Trial periods and training opportunities for healthcare professionals
On-demand availability to meet healthcare facility needs
Excellent customer service and technical support from rental companies
Vacation Home Rental
The vacation home rental business has gained immense popularity in recent years, driven by the increasing trend of travelers seeking unique and personalized accommodations. Renting out vacation homes has become a profitable and rewarding venture for property owners and entrepreneurs.
Advantages of a Vacation Home Rental Business:
Lucrative income potential
Flexibility for property owners to use the property themselves
Increased demand for unique and personalized accommodations
The luxury bus rental business offers a premium transportation solution for various purposes, including corporate events, group travel, weddings, and tourism. Renting out luxury buses has become a lucrative venture, catering to individuals and organizations seeking a comfortable and luxurious travel experience.
Advantages of a Luxury Bus Rental Business:
High demand for premium transportation services
Lucrative income potential with higher rental rates
Opportunity to provide a luxurious and memorable travel experience
Ability to target niche markets such as corporate clients and event organizers
Branding and reputation building in the transportation industry
Opportunities for collaborations and partnerships with industry stakeholders
Office Space Rental Business
An office space rental business can be highly profitable, particularly in areas with a vibrant business community. Post-pandemic, many companies have embraced work-from-home or hybrid models, creating a demand for short-term and flexible office rentals. Businesses now prefer these flexible options over investing in permanent office spaces. If you have a property that can be converted into office space, it presents a lucrative rental opportunity.
Advantages of Office Space Rental Business
Steady income from long-term or short-term rentals.
Low maintenance costs compared to other property types.
Flexible pricing based on demand and location.
High demand for flexible workspaces, especially post-pandemic.
Diversified clientele including startups, freelancers, and established companies.
Appreciation potential in property value over time.
Scalability as you can rent out multiple spaces or expand your property.
Tax benefits from property depreciation and rental income deductions.
Party Rental Business
The party supply rental industry is thriving, and it’s easy to understand why. With numerous resources available, organizing your next big event has never been easier, and these resources can greatly impact its success. A party rental business offers a wide variety of items, including tents, event venues, chairs, cooking equipment, and sound systems. These supplies are rented by both organizations and individuals to ensure successful events. The demand for event and party supplies is constant, and with Sharefox, companies can efficiently manage large inventories, from luxury tents to fun inflatable games, ensuring every event is a success.
Camping and hiking are popular outdoor activities in India as well. According to recent reports, a significant number of Indian households enjoy these activities, with a growing interest in nature tourism. This makes renting camping gear and hiking equipment one of the most profitable rental business ideas in India.
With the increasing demand for environmentally friendly and sustainable travel options, bicycle rentals promote eco-conscious transportation. Moreover, this business can engage with the local community by participating in events and advocating for a healthy lifestyle.
Storage Rental Business
The demand for additional storage space is a key driver in the business world. People are increasingly renting out spare rooms or closets when they no longer need them due to excess belongings that don’t fit elsewhere. Storage facilities offer an affordable solution with various sizes, catering to everything from furniture and clothing to groceries and even vehicles.
Conclusion
The world of rental businesses offers numerous opportunities for entrepreneurs seeking profitable ventures with low investment. Renting various products and services has become increasingly popular due to its cost-effectiveness, convenience, and flexibility.
With the right planning, execution, and a customer-centric approach, a rental business can provide you with a steady income stream and the satisfaction of meeting the needs of your customers. So, choose your niche, take the leap, and embark on the exciting journey of building your own successful rental business. Good luck!
FAQs
How to start a rental business?
To start a rental business, identify a niche, acquire the necessary items, set competitive pricing, create a marketing plan, and ensure proper maintenance and insurance for your assets.
Is a rental business profitable?
Rental businesses have become extremely profitable and growing business these days.
What are the most profitable rental business in india?
The best rental business ideas are:
Apartment renting business
Car rental business
Furniture renting
Coffee machine renting
Home appliances renting
Sports equipment rental business
Book rental business
Costume rental business
Flat renting business
Construction equipment renting
Is rental car business profitable?
Yes, rental car business profit margin is 30-40%. It is quite profitable rental business in India.
What is rented the most in India?
House/flat is the most rented in India.
What is the most rented equipment?
Most rented construction equipment includes:
Excavators
Skid steers
Lifts
Dozers
Forklifts
What are the most rented party items?
Most rented party items are:
Tent
Chairs
Tables
Linen
Glassware
Lighting
Artificial Flowers
Which are the most unique rental business ideas?
Unique rental business ideas include renting out luxury cars, office space, camping gear, and even event supplies, catering to niche markets with high demand.
Which are the most profitable things to rent out?
Some of the most profitable things to rent out include office space, luxury cars, party supplies, and camping equipment, catering to the growing demand in various markets.
Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations.
Faster, stable, and more efficient internet is a major factor behind the rise of many startups. However, some startups were pure visionaries, established way before this modern internet connectivity. IndiaMart was one of such startups that were conceived of before the internet became such easily available and accessible as it is today.
When IndiaMART company was founded by the cousins Dinesh Agarwal and Brijesh Agrawal in 1996, the internet was far from being a household term in India. The IndiaMART founders could very well visualize the revolution that India was about to see with better internet connectivity. Starting with a capital of just Rs 40,000, today IndiaMART is India’s largest and the world’s second-largest B2B e-commerce marketplace.
So, let’s have a peek into the startup journey of this 25-year-old company, which is making the eCommerce business easy for many individuals, SMEs, and large enterprises.
Learn about IndiaMART’s history, founders, owners, business and revenue model, founders and team, funding and investors, challenges, competitors, name, tagline and logo, awards, acquisitions, and more.
IndiaMART is a leading B2B e-commerce company in India that connects suppliers with buyers. It has around 60% market share in B2B e-commerce along with partnerships with leading brands like Tata, Airtel, Hyundai, Bosch, Canon, and a lot more. It trades almost everything from apparel, and home furniture to electronics, and building equipment. The company provides business visibility and credibility to its buyers and sellers with enhanced trust and experience of 24 years.
IndiaMart has also ventured into some other sectors, other than being a B2B e-commerce. Operational subsidiaries of India Mart include –
Tolexo Online Pvt. Ltd. (TOPL) – Founded in 2014, Tolexo.com was a B2B e-commerce retail and B2B Wholesale platform. In 2017, IndiaMart company announced that it is closing the retail B2B wing of Tolexo.com due to underperformance. Currently, Poora.com (a subsidiary of TOPL) is offering order management services to businesses.
Ten Times Online Private Limited (TTOPL) – Founded in 2013, 10times.com is a platform for business event discovery and networking.
Pay With Indiamart Private Limited (PWIPL) – Started in 2017, It is a payment gateway that lets sellers collect instant payment from buyers through the Indiamart platform.
Hellotravel Online Pvt. Ltd. – Founded in 2009, this platform connects travelers to travel agents.
IndiaMART – Founders and Team
Indiamart Founders
Dinesh Agarwal and his cousin Brijesh Agarwal are the founders of IndiaMART.
Dinesh Agarwal
IndiaMART Co-founder CEO Dinesh Agarwal hails from a traditional business family in the Napara district of UP. Agarwal completed his schooling from a Hindi medium school. He then obtained his B.Tech degree in Computer Science & Engineering from Harcourt Butler Technological Institute, Kanpur. Agarwal served in a number of companies before landing a job at HCL for which he needed to move to the US. He was associated with HCL Technologies as a Senior System Analyst before launching IndiaMART. Dinesh also served as a Software Engineer at CDOT Alcatel Research Centre.
Brijesh Agrawal
IndiaMART Co-founder and DirectorBrijesh Agrawal completed his BMS from the University of Lucknow. He then completed his PGDBM from NIILM, after which Brijesh joined Dinesh Agarwal in his venture.
IndiaMART had around 2,754 employees across different cities in India when last reported in March 2021.
IndiaMART – Startup Story
After graduating in software engineering, Dinesh started receiving lucrative job offers. After working in India with different organizations for 5 years, Dinesh went to the US, where he worked with CDOT for 3 Years. He was leading a comfortable life until one day he realized that he was not passionate enough about the work he was doing and had a calling to start something of his own. This made Dinesh return to India in 1996.
Dinesh was one of the early internet users and realized that the internet can do wonders in promoting businesses, so he decided to build a platform where businesses could display their products through dedicated web pages. Dinesh started the eCommerce business from his flat in Delhi in 1996 as an export marketplace with Brijesh.
However, finding clients was a difficult task initially for IndiaMART because many businesses were not aware of computers and the internet. They did not know how the internet could help in growing their business. So, they appointed some marketing and sales guys, who could educate the businesses about what the internet could do to them, thereby helping IndiaMart acquire new clients. They also started participating in trade fares held in Pragati Maidan to spread more awareness about their eCommerce business. The first client India Mart received was ‘Nirula’s’ – the famous first food chain in North India. IndiaMart then had to build and maintain Nirula’s website for an annual charge of Rs 32000/-.
The company initially started by offering free listing services to eCommerce businesses, and once the businesses listed started getting queries from around the world, IndiaMART’s sales representatives used to approach the businesses to report their progress. Once the business was convinced that getting their business listed on IndiaMart was helpful, they started buying paid services and the platform started growing gradually.
However, in the absence of proper internet-based infrastructure, challenges for the company were many. IndiaMART could not even send e-mails to the businesses regarding the queries these businesses were receiving through IndiaMART, as many businesses did not even have e-mail ids. The IndiaMART team had to take printouts of the queries they received and fax the same to the respective businesses. But despite all the challenges, IndiaMART acquired around 1000 clients till 1999.
Another challenge appeared before the company with the 9/11 attacks, exports were hard hit due to the tragedy and IndiaMART’s revenue came down by almost 40%. But the team continued its efforts.
A major turning point came when IndiaMART company shifted focus from export to Domestic market and started serving the eCommerce business within the country. Today over 6 million suppliers are registered with IndiaMART.
IndiaMART – Mission and Vision
Indiamart has been founded with a mission ‘to make doing business easy.’ Indiamart is fueled with the vision of retaining its lead in the B2B e-commerce segment in India.
IndiaMART – Name, Tagline and Logo
IndiaMART Logo
IndiaMart has brought out numerous taglines like “Kaam Yahin Banta Hai” and “Bada Aasaan Hai” till now. ‘The Global Gateway To Indian Marketplace” was the first tagline that IndiaMART recorded.
IndiaMART – Funding and Investors
IndiaMart has raised total funding worth $40.8 million over 4 rounds. In June 2019, IndiaMART launched its IPO, which turned out to be one of the most loved IPOs in 2019. As per NSE, IndiaMART IPO cumulatively received bids of 9,66,86,235 equity shares, which is 35.91 times higher than its total issue size of 26,92,824 equity shares.
Date
Stage
Amount
Investors
Feb 17, 2021
Post IPO
Undisclosed
Jefferies, Edelweiss
June 24, 2019
Venture Round
$28.24 Million
Elevation Capital
March 9, 2016
Series C
–
Amadeus Capital Partners
Jan 14, 2009
Series A
$10 Million
Intel Capital
Jan 1, 2007
Venture Round
–
Brand Capital
IndiaMART – Shareholding
IndiaMART’s shareholding pattern as of May 2019, sourced from Tracxn:
IndiaMART Shareholders
Percentage
Dinesh Agarwal
31.8%
Brijesh Agarwal
21.4%
Intel
12.8%
WestBridge Capital
5.1%
Amadeus Capital
5.8%
Accion
3.8%
Brand Capital
0.3%
Other People
3.5%
ESOP Pool
4.3%
Other Investors
11.3%
Total
100.0%
IndiaMART Shareholding
IndiaMART – Business and Revenue Model
The oldest B2B eCommerce marketplace, IndiaMART operates on a subscription-based model for suppliers. While IndiaMART is totally free for buyers, its main source of revenue is subscription fees received from the sellers, sell of ‘request for quote’ received from the buyers, and the payment facilitation services that it offers. Furthermore, IndiaMART also earns advertising revenue by letting individuals and businesses post advertisements on the IndiaMART app.
Indiamart- India’s largest marketplace
IndiaMART – Growth and Revenues
From starting up when the B2B e-commerce sector was still upcoming to being hailed as the largest operator in the segment, IndiaMart’s success story is itself a testament to the growth it received. Furthermore, IndiaMart is also dubbed as the world’s second-largest online B2B marketplace.
Here’s a glimpse into the prominent growth highlights of the company:
The company boasts a network of over 143 million registered buyers and 6.4 million+ suppliers
IndiaMart hosts a whopping collection of 71 million+ products and services
It has a staggering 60% market share of the online B2B Classified space in India
The B2B giant has further pulled in 259 Mn+ hits on its website and app in the December quarter of 2021
IndiaMART recorded opening 52 offices in 52 weeks, which boosted its sales 10X times in a single year
IndiaMart has adopted a weekly salary pay disbursal system with an aim to extend a flexible and supportive working environment for its employees. Studied and identified as one of the most critical things that influence an employee, weekly payouts for employees have been practiced in many countries like New Zealand, the United States, Hong Kong, Australia, and more and have yielded successful outcomes.
IndiaMART – Financials
IndiaMART InterMESH Limited has demonstrated consistent growth over the past five financial years, with notable increases in revenue and profitability.
Particulars
FY24
FY23
FY22
FY21
FY20
Revenue
INR 1,196.8 crore
INR 985.4 crore
INR 859 crore
INR 756.1 crore
INR 707.4 crore
Expenses
INR 910.8 crore
INR 756.7 crore
INR 463 crore
INR 364.1 crore
INR 494.4 crore
Profit/Loss
INR 334.0 crore
INR 283.8 crore
INR 297.6 crore
INR 279.8 crore
INR 147.4 crore
IndiaMART Financials
In FY24, IndiaMART’s revenue increased by 21% to INR 1,196.8 crore from INR 985.4 crore in FY23, while profit rose by 18% to INR 334 crore from INR 283.8 crore.
IndiaMART Revenue Breakdown
Revenue Source
FY24
FY23
Revenue from Operations
INR 1,196.8 crore
INR 985.4 crore
Other Income
INR 2,106.1 crore
INR 1,805.3 crore
Total Revenue
INR 1,196.8 crore
INR 985.4 crore
The company’s revenue from operations grew by 21% in FY24, reaching INR 1,196.8 crore, up from INR 985.4 crore in FY23.
IndiaMART Profit/Loss
Profit Metrics
FY24
FY23
Gross Profit
INR 496.6 crore
INR 409.2 crore
Operating Profit
INR 454.4 crore
INR 371.3 crore
Net Profit/Loss
INR 334.0 crore
INR 283.8 crore
Net profit increased by 18% in FY24, amounting to INR 334 crore compared to INR 283.8 crore in FY23.
IndiaMART Expenses Breakdown
Expense Type
FY24
FY23
Employee Benefit Expense
INR 5,440.7 crore
INR 4,247.4 crore
Finance Costs
INR 89.1 crore
INR 81.5 crore
Amortization & Depreciation
INR 364.6 crore
INR 310.8 crore
Other Expenses
INR 3,213.5 crore
INR 2,927.8 crore
Total Expenses
INR 9,107.9 crore
INR 7,567.4 crore
Total expenses rose by 20% in FY24 to INR 9,107.9 crore from INR 7,567.4 crore in FY23, primarily due to increased employee benefit expenses and other operational costs.
Being a pioneering Indian B2B e-commerce company, IndiaMart had to face numerous challenges ever since it was established back in 1996. From finding clients, spreading internet awareness, and getting them listed online to help them gain a convincing reputation online, IndiaMart has seen its share of challenges.
Back when IndiaMart was established, emails weren’t much popular so they had to take printouts of the queries and fax them. The 9/11 attack was another roadblock that IndiaMart saw when their exports were hugely truncated, which dragged down the revenues with them.
Indiamart also faced the backlash of 2012 when the economy slowed down in India.
IndiaMart company has recently been featured by the United States Trade Representative (USTR) as one of the most notorious markets. The Notorious Market List of 2021 compiled a total of 42 online and 35 physical markets across the world, and all of these markets, according to USTR, are involved in trademark counterfeiting or copyright piracy. The Trade Representative report of the US censured the popular Indian eCommerce platform as the hub of counterfeit pharmaceuticals, electronics, and apparel.
IndiaMART – Awards
Here’s a glance at the list of awards and recognitions IndiaMART earned throughout the years:
Red Herring 100 Asia Awards 2008
Manthan Award South Asia and Asia Pacific 2013 under the ‘E-business and Financial Inclusion’ category
‘Special Contribution Award’ at WASME – Super SME Awards, 2016
‘Best Online Classified Website Award’ at Drivers of Digital Awards, 2016
‘Best Business App Award’ at GMASA 2017 and ‘Best Business App’ at Drivers of Digital Summit & Awards, 2018
‘Best Online Classified Application’ at Drivers of Digital Summit & Awards, 2018
‘Video Content in a Business Website- Special Mention’ at Video Media Awards and Summit 2019
India Law Awards 2019 for ‘Technology, Media and Telecommunication In-House Legal Team’
“Most Promising Company of the Year” at the CNBC Awaaz CEO Awards
‘Bada Aasaan Hai’ received the ‘Best Video Content in a B2B Marketing Campaign Award’ at the Video Media Awards & Summit, 2020.
Indiamart has fully acquired 2 companies to date. The company acquired the accounting platform Busy Infotech for Rs 500 crore on 25 January 2022, before which, it acquired Playcez on 23 August 2013.
Indiamart company acquired 26% stakes in IB Monotaro, a Japan-based company, that operates in India under the brand name “Industry buying” and is focused on supplying industrial and business products for the eCommerce businesses, as per reports dated February 24, 2022. According to the deal, the popular B2B sales marketplace platform bought 810K shares from Emtex Engineering for a total consideration of Rs 104.2 crore, with an aim to offer an end-to-end commerce experience enablement and thus, serve the B2B businesses of the country.
Though there are many upcoming e-commerce companies in India, IndiaMART sustains its position with its stronger network and greater years of experience in the e-commerce field.
FAQs
What is IndiaMART?
IndiaMART is India’s largest B2B online marketplace, connecting buyers and suppliers for business trade. IndiaMART wholesale products help businesses connect with suppliers for bulk purchasing.
When was Indiamart founded?
IndiaMART was founded in 1996 by cousins Dinesh Agarwal & Brijesh Agarwal.
What is IndiaMART net worth?
IndiaMART InterMESH has a market cap or net worth of 127.48 billion as of February 14, 2025.
Which is Indiamart’s Parent company?
IndiaMART InterMESH Limited is Indiamart’s Parent company.
Who are top competitors of Indiamart?
Some of the top Indiamart competitors are:
Tradeindia
Yellow pages
Exporters India
Amazon
Flipkart
Tradekey
Udaan
Paytm Mall
CafePress
Who is the CEO of IndiaMART?
Dinesh Agarwal is CEO of Indiamart.
Who is Indiamart founder?
Dinesh Agarwal and his cousin Brijesh Agarwal are the founders of IndiaMART.
Which type of company is IndiaMART?
IndiaMART is a leading Indian B2B e-commerce company that connects suppliers with buyers. It has around 60% market share in B2B space.
Can we sell on IndiaMART?
You can Register yourself as a seller and start selling to millions of buyers across the world on Indiamart- India’s largest online marketplace. Log in as a Seller to manage your Profile.
What is IndiaMART business model?
IndiaMART operates on a B2B marketplace model, connecting buyers and suppliers online. Its subscription-based revenue model allows businesses to list products and gain visibility, while buyers can search and connect for free. The company earns from membership fees, lead generation, and advertising services, making it a high-margin, asset-light business.
What is IndiaMART revenue model?/ How does IndiaMART make money?
IndiaMART earns from paid memberships, lead generation, ads, and transaction fees, making it a recurring, high-margin model.
In contemporary India, approximately one-third of the population requires spectacles due to diagnosed vision issues, though only a quarter of them wear them. Beyond practical necessity, a large percentage of people choose to wear eyeglasses as a fashion statement, which creates a sizable market for a variety of eyewear options to go with different outfits.
This shift in consumer behavior gained momentum with the inception ofLenskart in 2010, a pioneering optical prescription eyewear retail chain functioning as an eCommerce marketplace for prescription power glasses, BLU glasses, frames, and goggles.
In this article, let’s learn more about Lenskart company, its founders, startup story, history, business model, revenue, funding, shareholding, IPO, competitors, growth, and more.
As one of the most rapidly expanding players in the eyewear industry, Lenskart has positioned itself as a leading eCommerce company. Offering an extensive online optical store, Lenskart curates a diverse collection of both classic and trendyeyeglasses, lenses, and more, all available at affordable prices.
Customers can conveniently order these eyewear products online and enjoy additional discounts that are frequently offered. Notably, Lenskart also emphasizes a presence in brick-and-mortar stores, ensuring a seamless blend of online and offline retail experiences for its customers.
Lenskart – How it Works?
One of the major companies in the eyeglasses market, Lenskart, offers a smooth online and offline purchasing experience. Easy ordering, frequent discounts, and home delivery services are enjoyed by customers. In addition to its web platform, the company distinguishes itself with its distinctive physical storefronts.
Lenskart’s innovative ‘Home eye checkup’ service, utilizing specialized robots, ensures precise eyeglasses with accuracy up to three decimal places. Lenskart manufactures a wide range of eyewear, including contact lenses, reading glasses, and sunglasses, with a portfolio that includes over 5000 models.
Prioritizing customer satisfaction, Lenskart offers free home delivery and a 14-day replacement guarantee. The company’s success is ascribed to elements such as a wide range of products, high quality, a varied portfolio, effective delivery, and robust after-sales service.
Their value approach places a strong emphasis on providing premium eyeglasses at affordable costs. With its innovative designs, extensive product selection, and customer-focused business methods, Lenskart is always reinventing the spectacle shopping experience.
Lenskart – Industry
The eyewear industry in India continues to show strong growth. In 2025, the revenue generated in the Indian eyewear market is estimated to reach $6.24 billion. The market is expected to grow at a compounded annual growth rate (CAGR) of 5.26% from 2025 to 2029. Among the various segments, Spectacle Lenses remains the largest, with an expected market volume of $2.85 billion in 2025.
Peyush Bansal (Co-Founder and CEO), Sumeet Kapahi, and Amit Chaudhary are the Co-Founders of Lenskart.
Amit Chaudhary, Peyush Bansal (Co-Founder and CEO), and Sumeet Kapahi are the Co-Founders of Lenskart (From left to right)
Peyush Bansal
Peyush Bansal is the CEO and Co-Founder of Lenskart. He holds a Bachelor’s degree in Electrical Engineering — IT, Control, and Automation from McGill University. After a brief stint as a Program Manager at Microsoft, Bansal realized his desire to make a significant impact and returned to India to address the problem of vision correction.
During his time at IIM, Bansal founded SearchMyCampus, a successful student classifieds platform. Inspired by its success, he ventured into the eyewear market and created Flyrr, a dedicated website for the American eyewear industry. Recognizing the untapped potential in India, Bansal launched Lenskart in November 2010, initially focusing on contact lenses and later expanding into eyeglasses and sunglasses.
Under Bansal’s leadership, Lenskart has become a prominent player in the eyewear industry. Additionally, he has gained recognition as one of the judges, often referred to as the “kindest shark,” on the popular business reality show Shark Tank India. Bansal’s cooperative attitude, belief in brands, and encouragement of aspiring entrepreneurs have made him a respected figure in the business community.
Peyush Bansal also serves as the co-founder of companies like Aqualens, John Jacobs, Lenskart Foundation, and Neso Brands.
Neha Bansal, Co-Founder of Lenskart, is an accomplished professional with a background in finance and accounting. She completed her B.Com (Hons) from Delhi University and obtained her Chartered Accountant qualification from The Institute of Chartered Accountants of India. Prior to her involvement with Lenskart, she founded and served as the Director of DNS Advisors.
Sumeet Kapahi
Sumeet Kapahi, an alumnus of the University of Delhi, is recognized as a co-founder of Lenskart and holds the position of VP of Supply at Valyoo Technologies Pvt. Ltd the parent company of Lenskart.
Amit Chaudhary
Amit Chaudhary, an alumnus of the Birla Institute of Technology, Mesra, is another esteemed Co-Founder of Lenskart. He holds a Bachelor’s degree in Information Technology from the institute.
The company has about 10,000+ employees.
Lenskart – Startup Story
Peyush Bansal, the brilliant founder of Lenskart, started his business after working as a program manager for Microsoft in the US for 11 months, where he gained useful knowledge. In November 2007, Peyush returned to India because he wanted to be his own boss, even though he was tempted by the prospect of a secure position and a high salary.
Peyush, who graduated from McGill University in Canada with a degree in engineering, came back without a firm business strategy but with a big idea to go into e-commerce.
Peyush interacted with Delhi University students and saw the unfulfilled demands of this group. This realization served as the impetus for the establishment of searchmycampus.com, a website that catered to the unique needs of college students by using classified ads, in January 2008. Peyush made smart use of the first money of Rs 25 lakh to engage content managers and a website developer, among other crucial individuals.
The office was put up in the basement of Peyush’s parents’ Greater Kailash, Delhi, home in order to save expenses. With the team expanding, Lenskart’s journey began when Valyoo Technologies was formally registered. Businesses advertise on Lenskart’s platform as part of their evolving income strategy, whereby Lenskart takes a commission on deals that are successfully mediated between companies and institutions.
This innovative approach enabled the startup to break even showcasing Peyush Bansal’s strategic vision and adaptability in steering Lenskart through its formative years in the dynamic e-commerce landscape.
Lenskart – Mission and Vision
The company’s mission is to “provide every Indian access to high-quality designer glasses without shelling out their pocket.”
The company vision on the website states, “A world where eyewear helps you. Do More, Be More.“
Lenskart – Name and Logo
Lenskart Logo
Lenskart parent company is VALYOO Technologies.
Lenskart – Product and Services
Lenskart has over 5,000 frames and glasses to choose from, as well as over 45 different types of high-quality lenses. Its product offerings range from:
Eyeglasses
Premium Eyeglasses
Sunglasses
Shape options: Wayfarer, Oval, Rounders, Cat Eye
Size options: Small, Medium, and Large
Brands: Bausch and Lomb, Johnson & Johnson, Alcon
Color Contact Lenses, and more
Lenskart – Business Model
Lenskart operates on an inventory-driven business model with a B2C concept. Its in-house stylists and designers keep up with the latest eyewear trends. The manufacturers are then given these designs. By controlling the entire supply chain, the company can keep costs down.
The company primarily serves customers through its online platform, offering a wide range of eyewear products. Additionally, Lenskart has strategically expanded into offline retail through franchise stores, catering to a broader audience across metro and non-metro areas.
To support its operations and fuel growth, Lenskart has a dedicated team across multiple verticals including manufacturing, eye technicians, customer care, technology, and logistics. The collective expertise and dedication of these professionals contribute to the seamless functioning of Lenskart’s business model and enhance the overall customer experience.
Lenskart is committed to enhancing customer experience by introducing innovative features and technologies. This includes a virtual try-on tool that allows customers to virtually try different frames using augmented reality. The company also offers the convenience of booking a home eye check-up for customers, making vision testing easily accessible.
Sales of Eyewear: Lenskart’s primary source of income is from the sale of a broad selection of eyewear items, which include frames, lenses, sunglasses, and contact lenses, in order to accommodate a variety of consumer preferences.
Subscription-Lenskart Gold: By providing special advantages like free eye exams, house visits, and discounts, Lenskart cultivates client loyalty and guarantees recurrent revenue.
Advertising Revenue: Lenskart employs campaigns and advertising in a calculated manner to bring in more money. Partnerships, unique promotions, and creative marketing help build brand awareness and draw in new clients. Sponsored content and partnerships bring in money.
Neso Brands, a subsidiary of Lenskart, is a Singapore-based global eyewear brand founded in 2022 to empower DTC brands and help them turn into brands of the future. Lenskart’s D2C venture was registered as Neso Brands which was waiting for some funds.
Neso Brands raised $100 million in funding in one of the largest seed rounds raised by any startup, on May 16, 2022. With huge investors like Alpha Wave, Temasek, Softbank, and more, Neso Brands aims to partner and invest in consumer eyewear brands and help them grow by leveraging synergies across the Lenskart Group.
Lenskart – Challenges Faced
In its early stages, Lenskart company faced challenges in the eyewear industry, grappling with limited accessibility, low awareness about eye tests, and affordability concerns. A major obstacle was persuading clients to accept the online store as a competitive substitute for traditional shopping.
In order to tackle these problems and alter people’s opinions about eyewear, Lenskart deliberately concentrated on offering high-quality items at prices lower than those of its physical competitors. The desktop and mobile apps, offline storefronts, and desktop platforms all did well despite the mobile website’s lower conversion rates. By urging people to download their mobile apps, Lenskart set the stage for a thorough redesign of their website.
First addressing three main challenges: making sure that prescriptions are accurate, locating glasses that fit properly, and helping customers envision how the glasses will look. Lenskart was able to navigate and overcome these obstacles because of its dedication to ongoing innovation. Through perseverance and hard work, Lenskart was able to establish itself as a significant participant in the constantly changing eyewear market, completing a remarkable journey from humble beginnings to industry leadership.
Lenskart – Funding and Investors
Lenskart has raised a total of $1.8 billion in over 18 rounds of funding. Their latest funding was raised on June 3, 2024, in a Secondary Market round by Temasek Holdings.
In 2019, Lenskart achieved unicorn status by raising a funding round led by SoftBank, the Japanese financial conglomerate.
Lenskart’s funding history and investor details are as follows:
Date
Round
Amount
Lead Investors
June 03, 2024
Secondary Market
$200 million
Temasek Holdings
June 15, 2023
Series I
$100 million
Chrys Capital
March 16, 2023
Series I
$500 million
Abu Dhabi Investment Authority (ADIA)
November 18, 2022
Series I
$40 million
DSP Mutual Fund
August 8, 2022
Series I
$12.5 million
Ravi Modi Family Trust
June 9, 2022
Series I
$28.2 million
Avendus Future Leaders Fund II
April 27, 2022
Series I
$25 million
Epiq Capital
April 11, 2022
Series I
$100 million
Alpha Wave Incubation (Previously Falcon Edge)
July 19, 2021
Series H
$220 million
Alpha Wave Global and Temasek Holdings
May 16, 2021
Secondary Market
$95 million
Kohlberg Kravis Roberts
December 20, 2019
Series G
$275 million
SoftBank Vision Fund
September 16, 2019
Series F
$55 million
Kedaara Capital
Lenskart – Shareholding
Lenskart Shareholding Pattern (as of December 2024)
Lenskart’s shareholding pattern as of December 2024, sourced from Tracxn:
Lenskart Shareholders
Percentage
Neha Bansal
3.9%
Peyush Bansal
3.9%
Amit Chaudhary
0.5%
Sumeet Kapahi
0.5%
SoftBank Vision Fund
13.7%
ADIA
11.3%
Premji Invest
4.7%
Temasek
6.4%
Unilazer Ventures
3.6%
Alpha Wave Global
7.0%
Steadview
3.5%
Kedaara
5.9%
Birdseye View
2.0%
TR Capital
2.0%
Schroders Capital
1.0%
Bay Capital Holdings
0.9%
Epiq Capital Advisors
1.3%
Fidelity Investments
1.7%
ABG Capital
0.6%
Avendus
0.6%
Madison India Capital
0.5%
Chiratae Ventures
1.2%
Kariba Holdings
0.4%
DSP Mutual Fund
0.3%
Ravi Modi Family Trust
0.3%
Axis Mutual Fund
0.2%
Central Park Group
0.1%
Technology Venture Partners
< 0.1%
Dove Investments
1.9%
SBI
0.2%
Defati Investments Holding
0.2%
Tri Fund Holding
< 0.1%
Eclk Innovations
< 0.1%
Infinity Partners
< 0.1%
Angel
0.2%
ESOP Pool
19.1%
Other Investors
0.2%
Total
100.0%
Lenskart – IPO
Lenskart is planning to launch a $1 billion IPO, targeting a valuation of about $10 billion. The company has appointed Kotak Mahindra Bank and Morgan Stanley as lead arrangers in January 2025, with additional banks expected to join. Lenskart aims to file its draft red herring prospectus (DRHP) by May 2025, with the IPO expected to take place within the same calendar year. While the exact timeline and final details are still being finalised and may change.
This move comes as India’s stock market experiences a surge in startup listings, with over 25 companies planning IPOs in 2025.
Lenskart – Investments
Lenskart has made 7 investments to date. Here are the details of the Lenskart investment rounds:
Date
Organization Name
Round
Amount
May 19, 2022
GeoIQ.io
Seed Round
$2.3 million
Dec 30, 2021
Tango Eye
Seed Round
Rs 5 crore
Dec 20, 2021
Metadome.ai
Series A
$4 million
Oct 13, 2020
Tango Eye
Seed Round
$500K
May 7, 2018
ThinOptics
Venture Round
$500K
Nov 11, 2017
6over6
Series A
$11 million
Sep 23, 2017
Ditto
Venture Round
$1 million
Exit
Lenskart has exited from two companies: Tango Eye and 6over6.
Lenskart – Acquisitions
Lenskart has acquired three companies to date.
Here are the details of Lenskart’s acquisitions:
Company Acquired
Date
Amount
Tango Eye
Oct 30, 2023
–
Owndays
Jun 30, 2022
$400 million
DailyJoy
Apr 27, 2021
–
Lenskart – Growth
Some important growth highlights of Lenskart can be summed up as:
It has 1 million+ customers as of January 2024.
Lenskart is spread across 313 cities in India as of January 2025.
The company has 1300+ stores and a Home try-on Service as of January 2025.
Lenskart boasts of having over 5000 styles of eyewear, which is 5X more than that of any retailer in India as of January 2025.
The valuation of Lenskart is $5.6 billion as of November 2024.
Lenskart is recognized as one of the top optical businesses in India.
Lenskart – Financials
Here is a detailed breakdown of Lenskart’s finacials:
Lenskart Financials
FY23
FY24
Operating Revenue
INR 3788 crore
INR 5428 crore
Total Expenses
INR 4025 crore
INR 5550 crore
Profit/Loss
INR -63 crore
INR -10 crore
Lenskart Financials FY24
Lenskart’s financials show significant improvement from FY23 to FY24. The company’s operating revenue grew by 43%, increasing from INR 3,788 crore to INR 5,428 crore. Total expenses also rose by 38%, from INR 4,025 crore IN FY23 to INR 5,549.5 crore in FY24. Although Lenskart still recorded a loss, the loss amount was reduced by 84%, from INR 63 crore in FY23 to INR 10 crore in FY24.
Due to cost-effective management, Lenskart reduced its losses by 84%. Its Return on Capital Employed (ROCE) was 2.28%, and its EBITDA margin was 15.25%. For each rupee of revenue, Lenskart spent INR 1.02 in FY24.
Lenskart Expense Breakdown
Expense Type
FY24
FY23
Operational Costs
INR 1,482.9 crore
INR 1,132.8 crore
Marketing
INR 1,891.7 crore
INR 1,438.6 crore
Administrative Costs
INR 1,086.5 crore
INR 717.6 crore
Other Expenses
INR 1,089.2 crore
INR 736.1 crore
Total Expense
INR 5,549.6 crore
INR 4,025.1 crore
Lenskart total expenses rose from INR 4,025.1 crore in FY23 to INR 5,549.5 crore in FY24.
Here are some of the products launched by Lenskart:
WhatsApp chat
A COVID Relief Helpline was launched by the Lenskart Foundation in June 2021. The solely WhatsApp-based helpline, which aims to provide a helping hand to those in need, allows anyone to message the number with their request for assistance.
Lenskart Vision Fund
The eyewear business Lenskart established the “Lenskart Vision Fund” in June 2021, through which it seeks to invest in companies that are beneficial to the omnichannel retail, eyewear, and eye-care industries.
Collaboration with Ace Designer JJ Valaya
Lenskart has a partnership with Ace Designer JJ Valaya in June 2022, and with this partnership, JJ Valaya’s campaign for his brand-new bridge to luxury has taken a big leap into the fashion landscape.
Eyewear App in Singapore and the Middle East
In June 2021, Lenskart, a prominent omnichannel eyewear retailer in India, launched its exclusive eyewear app in Singapore and the Middle East.
Lenskart Studio
Lenskart entered into a new line of products by the name of hip-hoprt Studio” in May 2023 and has been introduced by Lenskart. Beginning with hip hop, the new private label line will provide collections that are influenced by diverse subcultures.
K-Pop Realm
Lenskart has entered the K-pop realm with the launch of an AI-driven collection and campaign in August 2023. Luxurious acetate eyeglasses with color-blocked rims and sunglasses in eye-catching hues are featured in Lenskart Studio’s K-Pop Collection.
Lenskart Membership
If you are interested in learning about Lenskart membership, then the company currently has a Gold Membership that the users can avail of at Rs 600 annually, with which they would just have to buy 1 product to get another one free.
Lenskart – Marketing Strategy
Lenskart employs a diverse marketing strategy some of which are listed below:
Celebrity Endorsements for Brand Appeal:
To increase brand visibility and appeal, Lenskart carefully combines celebrity endorsements, working with well-known personalities like as Karan Johar. This strategy successfully appeals to a wide spectrum of viewers while projecting an elegant and aspirational image of Lenskart’s eyewear selection.
Multi-Media Promotion:
In order to reach a wide range of consumers, Lenskart has a thorough multi-channel marketing approach that makes use of both traditional and digital media. To provide optimum brand presence across a variety of media, channels include print, television, outdoor media, and online commercials.
Engaging in Active Social Media:
Through vibrant social media platforms, the brand actively interacts with consumers, building a strong online community. Influencer partnerships, interactive elements like online try-ons and in-home trials, and other social media campaigns offer tailored experiences that streamline the process of purchasing eyeglasses.
Tailored Customer Experiences:
Virtual try-ons and home trials are just two examples of how Lenskart prioritizes individualized experiences for its customers. These features improve the entire purchasing experience by enabling customers to meaningfully engage with the brand and make well-informed decisions about eyewear.
Lenskart – Advertisements and Social Media Campaigns
Lenskart Marketing Campaign With Karan Johar and Kiara Advani
Lenskart’s ad campaign, featuring Karan Johar and Kiara Advani, takes a witty approach, infusing humor into the exploration of its diverse eyewear offerings. The tagline ‘Glasses badlo, Vibe badlo’ encapsulates the idea that changing glasses is a transformative experience for one’s overall style, not just a visual upgrade. The TVC presents Lenskart as a chic and adaptable option for eyewear by highlighting the company’s support of people to assemble a collection appropriate for various situations and emotions.
Lenskart – Competitors
Lenskart is up against both offline and online competitors including:
Lenskart is preparing for an IPO, aiming to raise $1 billion, with a targeted valuation of about $10 billion.
In addition to the IPO, Lenskart is expanding into Southeast Asia, having opened its first store in Bangkok, Thailand, in October 2024. The company plans to open 300–400 stores across the SEA region over the next two years, focusing initially on Thailand and then the Philippines.
Lenskart also plans to establish its largest eyewear manufacturing facility in Telangana with an investment of about INR 1,500 crore. This new facility will produce eyewear, lenses, and accessories for both domestic and international markets, while also creating about 2,100 jobs.
FAQs
What is Lenskart?
Lenskart is a leading e-commerce company that creates an online optical store that sells a variety of eyewear. Customers will get the new eyewear collections with free home delivery through the company’s marketplace, which offers prescription eyewear, branded contact lenses, sunglasses, and accessories.
Who is the founder of Lenskart company?
Peyush Bansal, Amit Chaudhary, and Sumeet Kapahi are the founders of Lenskart.
Who is the Lenskart CEO?
Peyush Bansal is the CEO of Lenskart.
When was Lenskart founded?
Lenskart started in the year 2010.
What is Lenskart valuation?
Lenskart valuation as of November 2024 is $5.6 billion.
What is Lenskart gold membership?
Lenskart membership is a Gold Membership program that allows you to get a free pair of glasses every time you buy a pair of Eyeglasses, including Lenskart power glasses, Lenskart spectacles, or Sunglasses at Lenskart until your gold membership is still valid.
Who is the Lenskart delivery partner?
Lenskart delivery partners are among the most reputed courier services in India including BlueDart, FedEx, DTDC, and more.
At a time when the nation is struggling with increasing traffic in major cities, the ePlane Company, an Indian electric aircraft company, announced on17 February that it has committed to deliver 788 air ambulances in a deal worth over $1 billion. It will provide the electric vertical takeoff and landing (eVTOL) aircraft to ICATT, an air ambulance service provider, under the terms of the non-binding agreement. ICATT intends to use the aircraft in every Indian district. By creating battery-powered aircraft that can take off and land vertically, EVTOLs are attempting to transform urban transport and provide commuters with an opportunity to avoid traffic jams. Businesses like Archer Aviation and Sarla Aviation are also part of India’s emerging eVTOL sector.
How Company is Planning to Build its Business?
According to Satya Chakravarthy, the company’s founder, ePlane plans to begin commercial operations by the second half of 2026, producing 100 units annually at first. According to Chakravarthy, the corporation can increase production and market items much more efficiently with an air ambulance than by going straight to an air taxi. The company has the potential to increase the number of air ambulances in a more organic manner, as opposed to in a hurry with an air transport. The aircraft can eventually reach a range of over 200 kilometres, with an initial range of roughly 110 kilometres (68.4 miles).
ePlane, which has garnered $20 million from investors so far, plans to begin with three ambulance prototypes that can hold a patient, a paramedic, and a pilot in addition to a stretcher. A further $100 million would be needed to construct more prototypes in other shapes, obtain type certification, and start commercial production, according to Chakravarthy, a professor at the Indian Institute of Technology-Madras, where his firm is incubated.
India’s eVTOL Sector
The Indian government, through the Ministry of Civil Aviation, has taken the initiative to establish an atmosphere that is favourable to the expansion of the eVTOL sector. This includes creating rules and guidelines to make it easier for eVTOL aircraft to be tested, certified, and eventually used commercially. Setting operational and safety requirements in accordance with international standards is the responsibility of important regulatory organisations like the Directorate General of Civil Aviation (DGCA).
A number of strategic alliances are being formed in India with the goal of quickening the advancement and application of eVTOL technologies. The partnership between Australian vertiport companies Skyport and Nalwa Aero is a noteworthy example. The goal of this collaboration is to improve Vertiports’ capabilities in India. This partnership demonstrates India’s dedication to incorporating state-of-the-art technology into its eVTOL ecosystem.
There are numerous technological and financial advantages to India’s deployment of eVTOL technology. Compared to conventional helicopters and urban transport vehicles, electric-powered eVTOL aircraft are quieter, cleaner, and more environmentally friendly. They also offer chances to create jobs in operations, maintenance, and manufacturing, which boosts the economy.
Notwithstanding its bright future, the Indian eVTOL sector confronts obstacles such as the requirement for large infrastructure investments, public acceptance, and integration with current transit networks. The government, business, and academic communities must work together to address these issues. With its robust technological foundation and forward-thinking regulatory environment, India is well-positioned to emerge as a major force in the global eVTOL market.
On February 17, the foodtech juggernaut Zomato introduced Nugget, an AI-powered customer service tool. Deepinder Goyal, the founder, shared the news on the social media site X. “With its high degree of customisation, low cost, and lack of a development team, Nugget helps businesses scale support with ease.” “Smooth automation, no strict workflows,” the post stated.
Developed as an internal tool more than three years ago, the AI-native no-code customer care platform presently facilitates over 15 million support interactions per month for Hyperpure, Blinkit, and Zomato, according to the business. According to Goyals, the tool exhibits a 20% increase in agent efficiency and can answer up to 80% of queries on its own. According to Goyal, 90% of corporations that have seen Nugget have signed up, and the startup is offering it out to enterprises globally.
Eagerness of Goyal with AI
Executives that see AI as an extension of their own brain are the ones that Zomato‘s Deepinder Goyal is targeting for collaboration. Zomato CEO and co-founder Deepinder Goyal stated in a post on X that he is interested in working with product and business leaders who have already begun utilising AI as their second brain. It’s not the first time Goyal has requested applications on X. He posted a vacancy for the position of chief of staff in November of last year, and more than 10,000 people applied. In addition to a provision (since removed) requiring a donation of INR 20 lakh to the company’s Feeding India effort, the position came with no compensation for the first year. Zomato’s AI policy is different from that of its counterpart Swiggy, which outlawed the use of AI-generated graphics in restaurant menus and promotional materials last year.
What Swiggy is Offering?
Neural search technology was introduced by Swiggy in November 2023, enabling customers to place orders using conversational searches. Accessibility for a wide range of Indian demographics is promised by this invention and promises for voice-based searches in regional languages. By examining traffic patterns and driver availability, AI also improves delivery logistics, cutting down on delivery times and expenses. Swiggy’s incorporation of chatbots driven by GPT-4 further optimises customer service and raises customer satisfaction levels.
For India’s food business, artificial intelligence is no longer a sci-fi idea; rather, it is a revolutionary force that is boosting productivity, sustainability, and consumer happiness. India is on the verge of a food revolution that will shape the future of the sector both domestically and internationally as AI usage spreads throughout agriculture, production, retail, and delivery. India can tackle issues like food security, waste, and supply chain inefficiencies by adopting AI technologies. AI positions India as a global leader in AI-driven food innovation by improving operational efficiencies and promoting the sustainability and inclusivity of the food ecosystem.
AI-based analytical tools have begun their journey in revolutionizing the formulation of how organizations analyze and interpret data for enrichment in decision-making processes. They use machine learning and statistical methods to examine large datasets to identify patterns or actionable insights and improve data visualization. Key areas are reduced analytics time, automatic deriving of insights, querying data in plain English-cum-natural language processing capabilities, and finally, the best features for visualization that enable building dynamic dashboards and reports, with these analytical engines convert organizations from data institutions into data-driven institutions them to new heights in using data for strategic value, improved customer experience, and maximize efficiency in operations.
Big names such as IBM Watson, Tableau, or Zoho Analytics provide only a couple of examples of such names. Predictably, these organizations would be able to know from the information available and future projections of trends, while allowing the organization to pull this type of data from several other sources, such as Google Sheets and Salesforce. Customization, user-friendliness for the novice, and even personalization functions are only a few of the features these tools have but to improve, will focus more on the specific insights. Therefore, to exemplify Dataiku, it will give those complete collaborative capabilities for teamwork among analysts and data scientists, extracting the very high value of organizational data.
Powerful and real-time data analytics, Tableau empowers organizations with deep visualization and understanding of data, simplifies multi-step data processes, and opens up avenues for user accessibility to various skill levels and occupational fields. Through its intuitive interface, Tableau empowers organizations from relatively nascent data to quickly consume insight for effective business decision-making. Apps are user-friendly and automated, thus reducing the demand for technical input and helping even non-specialists to easily interact with data.
These are compelling attributes of the most shared analytics tool in today’s world and it is moving towards becoming the best one. Tableau Pulse now offers real-time insights into the workflows of users and a tailored experience that combines natural language features for easy exploration. It could involve users automatically feeling that it was capable of processing data from different sources and finding real-time trends and patterns without too much hassle. It is developing business-minded professionals who can now pose queries to data in plain English making the generation of insights easier. Tableau’s other advantage is that it does the preparation by itself and that is making the analysts focus on interpreting the results and not managing the raw data.
Pros
Accessible to both technical and non-technical users, simplifying data analysis.
Provides diverse options for effective data storytelling.
Connects effortlessly with multiple data sources for in-depth analysis.
Cons
It may be very expensive for small businesses or start-ups because of licensing fees.
Although it is user-friendly, some advanced features would require training for full usability.
There are some hurdles in transferring dashboards to presentation software such as PowerPoint without additional formatting modifications.
It has a pretty practical sense of syntax for voice input, interacting with a voice user system with some modern features. It is also a real pick for keeping visual business insights. With Microsoft’s continuing development, it handles very complex data with user-friendly options for technical and non-technical users alike. Intuitive visualizations and natural language queries help users interact with very complex data sets. It will not suffocate with addiction any more. All features and functionalities that keep making this tool unique and first-class for comprehensive data analytics from time to time.
Key functionalities distinguish Power BI from other business solutions. Tools such as Smart Narratives can highlight trends and patterns by providing simplified summaries of complex data. Highly interesting features embody Direct Lake Mode, which allows analyzing info directly from data lakes instead of importing, therefore guaranteeing quicker refresh rates for analytics that are almost real-time. Further enhancements in data modeling allow users to merge data from various other sources with minimal detailed SQL knowledge. All these are coupled with real-time analytics integration with Azure Synapse Analytics, further enhanced with advanced visual customization for personalized reports and tools like the Decomposition Tree for in-depth metric exploration.
Pros
Suitable for technical and non-technical people alike, allowing easy navigation and data interaction.
Well-defined types of visualization in abundance to present data insight more effectively.
Seamless connection with other Microsoft products together with other data sources for total analytics purposes.
Features enhancements from time to time enable today’s version of the app, which contains the most recent tools and capabilities for users.
Cons
A few high-ended features might only be accessed via advanced versions or additional charges for licenses.
With basic functionalities available, training or experience is usually a necessity to master advanced features.
Performance may not hold up when users try to work with very large datasets unless they properly optimize.
Pricing
Plan
Pricing
Power BI Pro
$10/user/month
Power BI Premium
Per user $20/user/month
Power BI Embedded Variable
Custom pricing; contact them for a quote
IBM Watson Studio
WEBSITE
WWW.IBM.COM
Rating
4.2
Free Trial
Yes
Platforms supported
Red Hat OpenShift on IBM Cloud
IBM Watson Studio – Best AI Tool for Data Analytics
IBM Watson Studio is an end-to-end process for the machine learning lifecycle application-from data preparation through integration, and visualization, even to the deployment of models where everything is again fine within the end-to-end flow. It is a multi-hub architecture, so users can scale and flexibly lift their deployment; hence, it can be accessed by companies of any size to discover data for insights into the business. Thus, it lets them work fairly easily together with other members of a team sharing the same ideas in real-time on a common project.
Watson Studio’s best boasts would be its very comprehensive machine learning and predictive analytics features. All those features came in very handy to the analyst. Seamlessly integrating one’s data and being able to use both on-premises and cloud data can analyze diverse data. These brilliant visual-modeling tools such as SPSS Modeler allow that kind of drag-and-drop with a very low coding environment in model building. All the extensive coding flexibility will get expanded further as it will also support very popular frameworks like TensorFlow and PyTorch along with Jupyter Notebooks.
Pros
Contains many features for different aspects of data science and machine learning.
It becomes user-friendly to users on varied technical levels using drag-and-drop functionality.
Since it implies the IBM ecosystem, it bears quite a bit of documentation and support from the community.
Depending upon demands, users can deploy a model in various environments.
Cons
The cost structure may be prohibitive for a small organization or a startup.
Users may experience slow performance unless data sets are optimized very well.
Pricing
IBM Watson Studio offers custom pricing; contact them for a quote.
Qlik Sense
WEBSITE
WWW.QLIK.COM
Rating
4.5
Free Trial
Yes
Platforms supported
Microsoft Windows
Qlik Sense – Best AI Tool for Data Analytics
A robust data analytics and visualization platform is Qlik Sense which was developed by Qlik to adapt organizations to data-oriented decisions. Launched in 2014, Qlik Sense now provides an interactive display dashboard along with a report that makes it easier for users to explore and analyze their data. Its QIX Associative Engine is unique because it allows data exploration without the use of predefined queries, so you can discover previously hidden patterns and relationships. Besides individual users and teams, it connects to multiple deployment options in the cloud and on-premises environments and supports collaboration.
The platform is thus endowed with various elements designed to improve the analysis of data. The Associative Analytics Engine enables dynamic connections across datasets supporting comprehensive exploration. Users are also allowed self-service data preparation through profiling, cleansing, and transformation of data from disparate sources. Embedded analytics integrate into an application’s workflow, while mobile analytics make results available on the go. Qlik Sense said would include storytelling tools for making interactive presentations out of data, and collaboration tools to enable teams to share insights. It provides customizable extensions that allow organizations to tailor their visualizations and applications to meet their specific requirements.
Pros
Drag and drop features allow easy use of custom visualizations without training.
QLIK Engine processes and visualizes data much faster, even when it is a very large dataset.
Can be deployed on the cloud, on-premise, or possibly through hybrid environments.
Cons
One can easily get access to the most basic of functionalities, but training can foster the advanced mastery required.
Users should expect performance to be impaired unless the relevant data set is optimally grown.
Pricing
Qlik Sense offers 30-day free trial and offers custom pricing; contact them for a quote.
Zoho Analytics
WEBSITE
WWW.ZOHO.COM
Rating
4.3
Free Trial
Yes
Platforms supported
Amazon AWS, Google Cloud, Microsoft Azure, MySQL, Oracle and Microsoft SQL Server
Zoho Analytics – Best AI Tool for Data Analytics
Zoho Analytics is a unique self-evolving business intelligence and analytics solution that makes it applicable for organizations of every size as users can browse and even create a personal dynamic view and action-driven insights without much hassle. Creating dashboards and reports would be possible through drag-and-drop without going through a huge technical level. The platform integrates data from diverse sources and provides flexible deployment by every organization’s business needs and ways of using the data collected by the organization in question.
Such a platform comes with features that support effective analysis of the data. Importing data from many possible scenarios, including databases, local files, and cloud sources like Google Drive: are just some of what users can do. This platform has high-performance tools for cleaning and preparing data for accurate and quality outputs. It provides advanced little features such as pictorial representations that include charts, pivot tables, and summary views, which do a great service to clear reporting. Most of them possess several collaborative tools or features that can be incorporated for the sharing of insights with different teams.
Pros
With its intuitive interface, it becomes easy to access for users without regard to the range of technical skills.
Competitive pricing and a low overall cost of ownership relative to other BI tools.
Allow the integration of many data sources into flexible data analysis.
Features such as Ask Zia are quick solutions to hard questions using natural language processing.
Cons
Under some conditions, the proper optimization of large data sets will still show users some performance hitches.
These analytical features probably need some training or at least experience to be of any use.
Pricing
Plan
Pricing
Basic
$14/month
Standard
$28/month
Premium
$61/month
Enterprise
$230/month
Conclusion
In this age where everything revolves around data, advanced analytics tools, such as Tableau, Power BI, IBM Watson Studio, Qlik Sense, and Zoho Analytics, enable organizations to derive insights and stimulate business growth. All of these tools come with attractive user interfaces suitable for use by everyone, from novice to expert. They are highly enabling in teams where insights can be shared and informed decisions made as a group.
Most of them integrate with various data sources, be it through the cloud or deployed on-premises thus ensuring flexibility-patched along with scalability as businesses grow. Costly as some tools could be, it is mainly because they are well-featured. The right tool for analytics depends on what the business wants and needs, how complex the data analysis would be, how much the budget would hold, and how skilled the team is, thus bringing strategic success potential.
What are some of the best AI tools for data analytics?
Some of the top AI-powered data analytics tools include Tableau, Power BI, IBM Watson Studio, Qlik Sense, and Zoho Analytics.
Which data analytics tool is best for beginners?
Tools like Tableau and Power BI are often considered more user-friendly for beginners due to their drag-and-drop interfaces and focus on visualization.
Which tool is best for advanced analytics?
IBM Watson Studio is generally preferred for advanced analytics and machine learning due to its comprehensive suite of tools for data scientists.
Shapoor Pallonji Mistry is the present leader of the Shapoorji Pallonji Group, an inheritance that can be defined as resilience, ambition, and determination attached to the family legacy. Born to a family that has had a say in the industrial landscape of India for almost a century, Shapoor Mistry inherited the famed 157-year-old conglomerate known for its distinction in engineering and construction. Indeed, with all those landmark projects and global expansion under his belt, he managed to preserve the excellence ethos of the group, even amid such changing business landscapes.
As far as personal experiences go, Shapoor has seen his share of challenges—from monumental family tragedies to what business controversies. Today, he does not just hold a legacy up in the air; instead, he is making a future trail that can lead people by moving further up ahead into more innovativeness as the world changes.
Shapoor Mistry’s journey—a tapestry of grit and humility—casts a narrative that cannot be more life-affirming. This feature from StartupTalky delves into Shapoor Mistry’s biography, tracing his path as he led the Shapoorji Pallonji Group to new heights, as well as uncovering challenges he faced in balancing tradition with innovation.
Shapoor Mistry – Biography
Name
Shapoor Pallonji Mistry
Birthdate
September 1964
Parents
Father: Pallonji Mistry , Mother: Patsy Perin Dubash
Siblings
Brother: Late Cyrus Mistry, Sister: Laila and Aloo
Shapoor Mistry began his career by joining the family business. Here he was actively involved in several sectors, which became the primary focus of his journey during the company’s expansion.
Mistry’s role grew significantly when he took on the leadership of the family business, overseeing the strategic direction and operations of the diversified businesses with the conglomerate. His career saw a strong focus on executing landmark projects and growing the company’s global footprint, especially in the real estate and infrastructure sectors. Under his guidance, the group expanded and became one of the most influential construction companies in India.
Shapoor Mistry – Personal Life
Born in September 1964, Shapoor Mistry was one of the 4 children of Pallonji Mistry and Patsy Perin Dubash. With his 3 siblings, 2 sisters, and a late brother, he grew up in a Zoroastrian family. The values of discipline, humility, and hard work were deeply rooted and have a great impact on the life of Shapoor today. Deeply rooted in India’s Parsi community, the Mistrys are famous for business and philanthropy. They have been regarded as belonging to the line of the Persians, who fled Persia back centuries ago.
Moreover, Shapoor pursued his early education in Indian before, and then he moved to the United Kingdom to study at the Richmond Upon Thames College. His international education allowed him to learn more about the global perspective and gain the skills that are required to lead the family’s vast and diversified business empire.
Shapoor Mistry is an Irish citizen and is married to Parsi lawyer Rusi Sethna’s daughter, Behroze Sethna Mistry. Shapoor has a son named Pallon Mistry, who is among the late brother’s sons and is involved in the family business. Shapoor and Behroz also have a daughter together, named Tanya Mistry.
At Richmond-Upon-Thames College, Shapoor acquired the skills to lead the family’s diverse business empire. Being one of the richest men, he has kept a low public profile. Shapoor tends to stay out of the spotlight of media and allows his work and decisions to speak for him, his family, and the business. He is referred to as the “Phantom of Bombay House” for his powerful role as the biggest shareholder of Tata Sons.
The family values are closely linked to Shapoor’s personal life. For him, the family has always been a priority, and this reflects an evident step towards carrying the family responsibilities forward after the sudden demise of his father and brother. These events tested his emotional strength, but they also propelled him to move towards creating a high-profile position of leadership in the family business.
The family’s personal losses have not deterred Shapoor from honouring the legacy of the Mistrys. He has also taken steps to stabilise the debt-laden group, delegating responsibilities to his and the late Cyrus’s sons to make sure the business remains in capable hands. This does not only reflect Shapoor’s decision towards empowering the next generation but also preserve the legacy of the family.
Apart from work, Shapoor is known for his private and understated lifestyle. He avoids the spotlight of the media and is deeply respected in business circles. He has a focus on extending his business beyond, and he is actively involved in the welfare of his family as well.
Shapoor’s life exemplifies the concept of grit and dedication, whether it be in handling the 159-year-old business empire or as a stronghold for his family. The Mistry family tradition will thrive as long as forward thinking is seen in the continuity of its tradition, integrity, and culture through personalities like Shapoor.
Shapoor Mistry’s Family
Shapoor Mistry – Career
Shapoor Mistry currently leads the Shapoorji Pallonji Group. Under his able stewardship, this giant conglomerate led by one of the oldest made major restructuring decisions. The present chairman of the group has, through this effort, made it very important to sustain the heritage of the organisation while expanding it all over the world.
In the year 2021, Shapoor and his late brother Cyrus decided to restructure the company into two distinct holding companies, namely S.P. Finance and S.C. Finance. The companies were reconstructed with a vision to better manage their real estate and infrastructure businesses. This reorganisation was supposed not only to solve the problems associated with long-term investments but also to maximise operational cash flow.
Shapoor Mistry has also undertaken an exercise in brand revamping where subsidiaries like Afcons Infrastructure and Forbes Gokak were brought under the SPG brand to re-engineer their business model. The new logo, accompanied by the tagline “Built to Last,” defined the forward-thinking approach that this group represented. Shapoor is keenly working towards increasing the international presence of SPG. The company has spread its wings widely across Asia, Africa, and the Middle East. It now focuses on growing and expanding in emerging markets with the highest degree of sensitivity toward the technological front. Under Shapoor’s leadership, SPG has also focused on diversification.
In addition, the Mistry family holds an 18.4% stake in Tata Group’s parent company, Tata Sons. Again, these two business families are deeply bound together.
Shapoor Mistry had been an important figure in the company Shapoorji Pallonji Group. Shapoorji Pallonji Group had been important to Shapoor Mistry. Quite a few controversies have occurred. Especially, the removal of Cyrus Mistry forced the family into a heated legal battle over what happened after Cyrus Mistry was removed as the chairman of Tata Sons. The Mistry family, having an 18.4% stake in Tata Sons, is long associated with the group. The climax of this rift came with the family wanting to dissolve its bonds with the Tatas, citing broken trust and the dangerous consequences of further delegitimisation.
Post this, the family moved to the National Company Law Tribunal for oppression and mismanagement. The situation became worse, also aggravated by the Supreme Court judgement in favour of Tata Sons, which further consolidated Ratan Tata’s position in the company.
This sequence of events brought Shapoor Mistry and the business dealings of his family into the limelight, particularly their big stake in Tata Sons.
Shapoor Mistry – Investments
Shapoor Mistry’s investments span multiple sectors, which include construction, real estate, and infrastructure. The group is itself known for holding a sizeable stake in Tata Sons. His family was ranked 13th on the Forbes list of India’s 100 richest as of 2024, with a net worth of about $20.4 billion.
Indeed, he was busy streamlining his investments and announced the divestment of assets worth up to INR 95,000 crore.
Shapoor Mistry – Awards and Recognitions
Forbes ranked Shapoor Mistry #332 in their 2023 World’s Billionaires List, totalling $7 billion in net worth.
Shapoor Mistry – Interesting Facts
Shapoor Mistry oversees the 159-year-old engineering and construction powerhouse, Shapoorji Pallonji Group.
Shapoor Mistry shares the Shapoorji Pallonji group with the family of his late young brother, Cyrus Mistry
The most valuable asset of the family is their 18.4% stake in the Tata Sons.
Shapoor had profound personal losses in the year 2022. He lost his father, Pallonji Mistry, in June 2022. Tragedy struck again in September 2022, when he lost his younger brother in a car accident at the age of 54.
The Mistry family follows the Parsi tradition of repeating the first names in subsequent generations. Therefore, there are many Shapoorji and Pallonji as their first names in the family of Shapoor Mistry.
FAQs
Who is Shapoor Mistry?
Shapoor Mistry controls the 159-year-old engineering and construction giant Shapoorji Pallonji Group.
What is the Shapoorji Pallonji Group?
The Shapoorji Pallonji Group is a large, diversified conglomerate based in India. It’s involved in various sectors, most notably construction and real estate. They are known for iconic projects like the Reserve Bank of India building and the Taj Mahal Palace Hotel.
What is Shapoor Mistry’s role in the Shapoorji Pallonji Group?
Shapoor Mistry led the Shapoorji Pallonji Group as its chairman. He plays a crucial role in expanding and diversifying the group’s businesses.
Nitin Konde
