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In today's Tech3 from Moneycontrol, we look at Flipkart's latest AI-focused leadership hiring spree as it gears up for the next phase of growth and a future IPO. We also track major investor exits at Lenskart and Meesho, where early backers are turning paper gains into cash through large block deals. Plus, Anthropic reverses course after criticism over restrictions in its new AI model, and Bengaluru-based Ethereal Machines raises $28.5 million to expand manufacturing, semiconductors and industrial AI capabilities.
Good Morning, Welcome to Top Of The Morning, I'm Nelson John. TCS chairman N. Chandrasekaran just made one of the boldest calls in Indian IT history, predicting the company could soon run as many AI agents as human employees. On today's Top of the Morning, we unpack what that means for six million engineers and a sector built on scale. We also cover PM Modi's NITI Aayog meeting with the states on jobs and skilling, the war in West Asia weighing on the economy, the government's push to build four new world-class private universities, Abu Dhabi's nearly ₹2,000 crore Lenskart share sale, and Adani Green Energy's record-breaking run alongside its growing debt. Plus a quick headline roundup on the markets, foreign investor outflows, the RBI's stance, Zepto's IPO filing, and more. Five stories. One clear eyed briefing. No noise.
#stockmarket #finance #investing #inflation #crudeoil #nifty50 #sensex #rollsroyce #mutualfunds #fcnr #rbi #lenskart #rec #pfc #elninoUS inflation hits 4.2% amid the Middle East war, pushing crude oil above $94 and causing US stocks to slide. Meanwhile, the 10-year Treasury yield holds steady. In India, banks hike FCNR deposit rates following an RBI move, while equity mutual fund inflows slump 40%. We also cover the REC-PFC merger, Rolls-Royce's multi-billion 'Make in India' plans, ADIA trimming its Lenskart stake, and Nuvama's new mutual fund nod.https://shorturl.at/gM97lHow to Use Artificial Intelligence for Investing - Combo of 5 ebooks00:00 Start01:24 Iran War & Stock Market Impact02:33 US Inflation Hits 4.2pc05:09 Banks Hike FCNR Deposit Rates07:41 Equity Mutual Fund Inflows Slump08:55 Q4 Earnings Scorecard10:41 El Niño Emerges in Pacific11:36 Rolls-Royce 'Make in India' Push12:17 REC & PFC Merger Approved12:37 ADIA Trims Lenskart Stake12:53 Nuvama Gets SEBI Mutual Fund Nod13:26 Knowledge Section
In today's Tech3 from Moneycontrol, we unpack why salary hikes in India's IT sector are no longer translating into higher take-home pay as companies redesign compensation structures under the new labour code. We also break down the latest earnings from Lenskart and Ola Electric, where profitability and growth are moving in very different directions. Plus, Google I/O 2026 puts AI agents at the centre of its future product strategy with major Gemini announcements. And finally, India's Parliamentary Standing Committee on Finance meets Binance, WazirX and ZebPay to discuss crypto regulation, taxation and the future of virtual digital assets in the country.
Media Not Supporting Mamata and Stalin | TCS, Lenskart, Azim Premji - Trinity of Jih@d | KaranVerma
In this monologue, Kushal shares some observations based on the reactions to the controversy in Nashik and Amravati, where predatory Islamists were preying on women, and the Lenskart drama, where woke HR policies were discriminating against Hindus. How does one separate the wheat from the chaff based on logical thinking and first principles? Buy my book "Blasphemy: Let me Speak": https://amzn.in/d/0bS2pOTc #tcs #itfirm #nashikitfirm #lenskart #WomenSafety #YouthSafety ------------------------------------------------------------ Listen to the podcasts on: SoundCloud: https://soundcloud.com/kushal-mehra-99891819 Spotify: https://open.spotify.com/show/1rVcDV3upgVurMVW1wwoBp Apple Podcasts: https://podcasts.apple.com/us/podcast/the-c%C4%81rv%C4%81ka-podcast/id1445348369 Stitcher: https://www.stitcher.com/show/the-carvaka-podcast ------------------------------------------------------------ Support The Cārvāka Podcast: Buy Kushal's Book: https://amzn.in/d/58cY4dU Become a Member on YouTube: https://www.youtube.com/channel/UCKPx... Become a Member on Patreon: https://www.patreon.com/carvaka UPI: kushalmehra@icici Interac Canada: kushalmehra81@gmail.com To buy The Carvaka Podcast Exclusive Merch please visit: http://kushalmehra.com/shop ------------------------------------------------------------ Follow Kushal: Twitter: https://twitter.com/kushal_mehra?ref_... Facebook: https://www.facebook.com/KushalMehraO... Instagram: https://www.instagram.com/thecarvakap... Koo: https://www.kooapp.com/profile/kushal... Inquiries: https://kushalmehra.com/ Feedback: kushalmehra81@gmail.com
Ansh Mehra is the Founder at the Cutting Edge Group, and has trained global enterprises in UAE & India on AI and Automations. He's also represented India at the Global Prompt Engineering Championship 2025. Ansh is also the official instructor for OpenAI Academy as well, where he teaches the basics of Prompt Engineering in Hindi & English. He's competed at MIT, Harvard and Microsoft Imagine Cup as a student and also judged Stanford TreeHacks.His organisation, The Cutting Edge School has trained teams for The Economic Times, The Times of India, Dubai Future Foundation, Dubai Holdings, Lenskart, Reliance Digital, HP, Intel and many other global brands. They were also awarded the Best AI Educator of the Year by Economic Times Edge as well. His cohorts have been attended by professionals across 55 countries. His online courses have students from age 8 to 89!His profiles have a following of more than 800K+ audience of AI Learners and Developers across social media. Check him out
#stockmarket #nifty #sensex #investing #trading #finance #breakingnews #sbi #mahindra #bangladesh #textile #gdp #economy #q3results #lenskarthttps://shorturl.at/gM97lHow to Use Artificial Intelligence for Investing - Combo of 5 ebooksSBI overtakes TCS to become the 4th largest company by market cap following record Q3 profits. However, the new US-Bangladesh trade deal poses a major threat to Indian textile stocks and cotton exports. M&M and Ashok Leyland posted record revenues but took hits from new labour codes. Meanwhile, Goldman Sachs raised India's GDP forecast to 7%, while JSW Motors warned of delays due to Chinese import curbs.
In today's Tech3 from Moneycontrol, we unpack the government's new three-hour content takedown mandate under the amended IT Rules and what it means for platforms and safe harbour protections. We also break down Lenskart's blockbuster Q3 results, with profits jumping over 70 times year-on-year. Plus, Oracle doubles down on India's AI-driven cloud expansion, and LTIMindtree unveils its new identity as LTM Limited.
Lenskart is now a public company, and its first real market test just arrived. The shares fell a little over 3% on December 8 as the shareholder lock-in expired, putting the company back in the news and making it a good moment to revisit how it got here. Lenskart ended FY25 with a ₹297 crore in profit and nearly 40 % of that now comes from its 656 stores outside India. That global reach is unusual for an Indian consumer brand, especially when others like Zomato and Ola struggled overseas.The company's steady expansion strategy has leaned on selective acquisitions, investments and joint ventures. And its real strength is a vertically integrated supply chain that keeps prices tight, speeds up product launches and maintains consistency across markets. With the stock settling into life post-listing, today, we look back at what built Lenskart's momentum.**This episode was first published on Aug 25, 2025Daybreak is produced from the newsroom of The Ken, India's first subscriber-only business news platform. Subscribe for more exclusive, deeply-reported, and analytical business stories.
https://shorturl.at/JNzcKBook Your Seat for Bengaluru Offline Session!In today's market update, we analyze India's massive Q2 GDP growth of 8.2% and the record-breaking ₹1.6 lakh crore IPO year. We cover the Adani Group's plan to invest $5 billion in Google's data center infrastructure and Vladimir Putin's upcoming visit to India.The video also discusses the impact of 50% US tariffs on Indian exports, expectations for the upcoming RBI MPC meeting, and key stock updates from Airtel, Lenskart, Tata Technologies, and Tejas Networks.How to Use Artificial Intelligence for Investing - Combo of 5 ebookshttps://shorturl.at/gM97l#stockmarketindia #gdp #adani #ipoanalysis #economy #stockmarketindia #gdpgrowth #adanigroup #googleai #indianeconomy #ipoalert #USExportTariffs #telecomnews #airtelvsjio #rbipolicy #vladimirputin #tatatechnologies #lenskartipo #manufacturing #nifty50 00:00 Start01:03 US market update01:51 Putin to Visit India in Dec Amid Defense Talks02:37 US Tariffs Hit Indian Exports; Exporters Diversify05:23 Q2 GDP Hits 8.2%; RBI Likely to Hold Rates08:57 Fiscal Deficit Widens to 52.6% of Annual Target09:44 IPO Fundraising Hits Record ₹1.6 Lakh Cr11:33 Triggers for Indian stock market this week12:46 Adani to Invest $5B in Google Data Center Infrastructure13:29 Airtel Accelerates Subscriber Additions in October14:43 Lenskart Posts 20% Profit Growth15:37 Tata Tech Completes Es-Tec Acquisition16:16 Tejas Networks Gets ₹85 Cr PLI Incentive16:44 Knowledge Section
In today's Tech3 from Moneycontrol, we break down why India's newest tech listings. Groww, Lenskart, Pine Labs and PhysicsWallah, saw their post-IPO shine fade quickly, slipping across the board. We also look at 26 major consumer apps declaring themselves dark-pattern-free to the CCPA, Paytm's slow but meaningful UPI recovery after a turbulent year, and BigBasket's Rs 200-crore debt raise to fuel its quick-commerce network.
In this episode of SparX, Mukesh Bansal sits down with Sanjeev Bikhchandani, founder of Info Edge (Naukri.com), the man who quietly built the foundation of India's internet economy.From bootstrapping Naukri for 10 years without a salary to backing iconic startups like Zomato and Policybazaar, Sanjeev's story is a masterclass in patience, conviction, and timing. He reflects on his early dreams of entrepreneurship in the 1970s, quitting his stable job in the 80s for independence, surviving the dot-com bubble, and helping shape India's startup ecosystem.They talk about:How Naukri was born before the internet arrived in India.The 7 years Sanjeev lived without a salary and how he made it work.Missing early investments in Flipkart, Ola, and Lenskart and what he learned.The mental models around luck, timing, and persistence.Why India still hasn't built trillion-dollar tech companies and how that could change.His hopes for India's next wave of startups in AI, deep tech, and IP creation.Sanjeev also opens up about his personal evolution from a restless 25-year-old marketer selling Horlicks to one of India's most respected entrepreneurs and investors.If you want to understand the real DNA of Indian entrepreneurship, this conversation is a rare glimpse into the mind of the man who started it all.Chapters:00:00 – 01:18 Introduction01:19 – 03:38 Missing Flipkart, Myntra & Ola03:39 – 10:10 The JRD Tata Moment10:11 – 17:36 Early Career & Struggles17:37 – 24:08 First Startup Experiments24:09 – 30:09 How Naukri Was Born30:10 – 41:44 Dotcom boom & crazy valuations41:45 – 44:14 The Role of Luck44:15 – 51:27 Betting Early on India's Unicorns51:28 – 54:09 What He Seeks in Founders54:10 – 1:03:03 Can India Build Trillion-Dollar Tech Giants?1:03:04 – 1:10:22 Career Advice from Sanjeev
Markets are poised for a positive start as Asian indices edge higher and Wall Street rallies on renewed optimism around artificial intelligence and hopes of an end to the record U.S. government shutdown. Back home, the Nifty snapped a three-day losing streak, led by gains in IT and defence stocks, while Lenskart recovered smartly from its listing lows. The GIFT Nifty too is hinting at a firm start this morning. Meanwhile, U.S. President Donald Trump has signalled a “fair trade deal” with India. In today's Market Minutes, Nandita Khemka breaks down the key stocks in focus — from Bajaj Finance's steady Q2 performance to updates from Britannia and Tata Motors. And in the primary market, all eyes are on PhysicsWallah, as its IPO opens for subscription today. Tune in for all this and more in today's Market Minutes — your morning podcast bringing you the top stories to kickstart your trading day, from stocks in the news to macro trends and global market cues.
After a volatile week, the Nifty wrapped up Friday's session with a sharp intraday recovery, managing to defend the crucial 25,300 support zone. But can this bounce turn into sustained momentum, or was it just a flash in the pan? In today's episode, Nandita Khemka breaks down the key cues that could shape the trading day — from global cues, market breadth, and fund flows to stock-specific action. Plus, all eyes are on eyewear giant Lenskart, which makes its much-anticipated Dalal Street debut today after one of the year's most talked-about IPOs. In our Voice of the Day segment, catch Nirav Karkera of Fisdom Research, who shares his perspective on capital market stocks after the stellar rally on Friday. Tune in for all this and more in today's Market Minutes — your morning podcast bringing you the top stories to kickstart your trading day, from stocks in the news to macro trends and global market cues.
In today's Tech3 from Moneycontrol, we break down Swiggy's massive Rs 10,000-crore QIP as it gears up for expansion, Lenskart's lacklustre market debut despite a strong IPO, and decode a fascinating trend of startup founders investing in their own companies to reclaim equity and signal confidence. Plus, we look at Ather Energy's narrowing losses in Q2 FY26 and how seven out of eleven new-age listed firms are still in the red this quarter.
Swiggy's fundraise advisors, Lenskart's mixed start at listing, India's rising imports from China, New Delhi's hope for a bargain with EU, and a minister stereotypes Mahindra Thar owners - find all this and more news in the latest edition of Moneycontrol Editor's Picks.
In today's Tech3 from Moneycontrol, Groww's IPO sees strong retail frenzy while PhysicsWallah sets its price band ahead of its Rs 3,480-crore issue. We decode how two 23-year-olds from Bengaluru built a voice AI model that outperformed Google's. Plus, Freshworks' Q3 revenue rises 15 percent, Ola Electric narrows losses but sees weaker sales, and CaratLane founder Mithun Sacheti weighs in on Lenskart's IPO valuation. Also, Shiv Nadar tops the 2025 EdelGive–Hurun Philanthropy List.
In today's Tech3 from Moneycontrol, venture investors finally see liquidity worth $1.5 billion as Indian startups like Groww, Lenskart, and Pine Labs hit the IPO street. Zoho's WhatsApp rival Arattai slips out of the charts after a brief viral moment, even as Zoho Mail nears $100 million in annual revenue. OpenAI's Srinivas Narayanan shares how the company plans to woo Indian developers, and Lenskart's IPO smashes expectations with 28x subscription and Groww saw robust subscription on the first day of share sale.
Tune into your Monday morning market catch-up Money, metals & the digital divide
Lenskart changed how India buys glasses. It made eyewear affordable, stylish, and available on every street corner. But behind that success is a story of shortcuts. Cheap acetate frames, thinner coatings, and rushed prescriptions have left many customers questioning the quality they once trusted. As the company prepares to close a massive IPO, its promise of clarity is facing some uncomfortable scrutiny.In this episode we look at how Lenskart built its empire on affordability and what that means for the people who actually wear its glasses.Tune in.Daybreak is produced from the newsroom of The Ken, India's first subscriber-only business news platform. Subscribe for more exclusive, deeply-reported, and analytical business stories.
In today's episode on 31st October 2025, we break down the Lenskart Solutions IPO, which opens for subscription today (October 31st) and closes on November 4th (Tuesday).If you haven't already, get your free, personalized insurance advice from Ditto Insurance by clicking here.
In this episode of SparX, Mukesh Bansal sits down with Peeyush Bansal, Co-founder and CEO of Lenskart. They dive into Peeyush's journey from building early ventures to creating one of India's most impactful consumer brands. How his mission to solve India's vision crisis became a movement to make eyewear accessible for all.They talk about:Why India remains the blind capital of the world.The untapped opportunity in the eye correction market.Crises and hard choices that shaped Lenskart's growth.Why putting the customer first isn't a strategy, but a survival skill.How to build with purpose in a market that often overlooks real needs.The challenge of scaling offline retail.If you're interested in entrepreneurship, purpose-driven business, or building in India's next wave of consumer health innovation this conversation offers clarity, in every sense.
In today's Tech3 from Moneycontrol, we bring you the biggest stories shaping India's tech and startup scene. Lenskart's IPO dazzles with full subscription on Day 1, Sauce VC stirs up an $80 million fund for homegrown consumer brands, and Mumbai's AI Film Festival draws Bollywood's brightest. Plus, Apple's record-breaking India quarter, powered by booming iPhone 17 sales and expanding local manufacturing.
Inside the day's Moneycontrol Editor's Picks: SEBI is open to weigh reasonable requests from Mutual Funds, October was a busy month for IPOs, wild speculations on RRP semiconductors stock, Starlink conducts demos that Eutelsat Oneweb completed earlier this year, Bihar's poll promises to add to fiscal burden and much more.
Lenskart IPO controversy sparks debate — is it overvalued? Here's what investors should know before subscribing to high-priced IPOs. Meanwhile, the positive meeting between Donald Trump and Xi Jinping has stirred global market reactions. Watch this video for insights on both stories and their impact on market sentiment.
In today's Tech3 from Moneycontrol, we unpack how Bengaluru-based Pantherun Technologies is rewriting the rules of data security with a handshake-free encryption breakthrough. Then, we look at Zerodha's shift to fixed deposits, the latest buzz around Lenskart's IPO and its cooling grey market premium, and finally, boAt's parent company securing SEBI approval for its Rs 1,500-crore public issue.
In today's Tech3 from Moneycontrol, we break down Lenskart's Rs 70,000 crore IPO and Peyush Bansal's bold “day zero” mindset. We also dive into Zerodha's plan to let investors buy U.S. stocks amid its first-ever revenue dip, and the fierce quick commerce battle heating up among Zepto, Blinkit, and Swiggy Instamart. Plus, Dunzo co-founder Kabeer Biswas exits Flipkart. Tune in for all the top startup headlines.
In the day's newsletter find coverage from government policy to geopolitical strategy. Here's a snapshot: The Centre is expected to maintain the current tax burden on tobacco products, Supreme Court puts Vodafone Idea AGR dues matter in government's court, Lenskart's Peyush Bansal speaks exclusively to Moneycontrol, India's IPO wave sees strong demand from domestic investors even as FIIS remain picky, and India's economic push comes from unexpected quarters Tune in for all this and more in the latest edition of Moneycontrol Editor's Picks.
Welcome to Daily Stock Market News (October 27, 2025) — your complete wrap of the day's top global and Indian financial updates.In today's episode, we cover crucial geopolitical, macroeconomic, and corporate stories that could impact market sentiment this week. From rising US–Venezuela tensions and fresh tariff hikes on Canada to cooling US inflation and India's robust manufacturing growth, this video gives you all the key developments investors need to know.We'll also break down Q2 FY26 results from major companies like SBI Cards, Dr. Reddy's, Coforge, Zen Technologies, and Kotak Mahindra Bank — analyzing performance trends, growth triggers, and potential risks. Plus, we take a look at Lenskart's mega IPO plans, valued at ₹70,000 crore, and what it means for India's consumer growth story.Watch till the end to understand how global policy moves, interest rate expectations, and earnings data could shape India's equity markets in the days ahead.#stockmarketnews #marketupdate #investing #financenews #stockmarkettoday #usinflation #globalmarkets #indiaeconomy #earningsseason #CorporateResults #ipo #LenskartIPO #sbicards #drreddys #coforge #kotakbank #zentechnologies 00:00 Start00:29 US–Venezuela Tensions02:33 Trump Raises Tariffs on Canadian Goods04:11 US Inflation Eases to 3% in September05:58 India Manufacturing PMI at 58.4 (October)06:51 SBI Cards Q2FY26 Results08:32 Dr. Reddy's Q2FY26 Results09:59 Coforge Q2FY26 Results11:16 Zen Technologies Q2FY26 Results12:25 Kotak Mahindra Bank Q2FY26 Results14:38 Lenskart IPO Plan
From selling contact lenses in 2010 to building a global eyewear brand across India, Japan, and the Middle East, Lenskart's journey mirrors the rise of India’s new-age consumer startups. ET’s national editor for startups Samidha Sharma and startups tracker Pranav Mukul talk to Peyush Bansal, co-founder and CEO of Lenskart, as he traces the company’s evolution from an online retailer to a company launching one of India’s most anticipated IPOs. Bansal opens up on global expansion plans, the leap into smart-glasses and AI-led eye tests, and the balancing act between valuation, investor expectations and vision. Tune inYou can follow Samidha Sharma on her Linkedin, Twitter profiles and read her Newspaper Articles. You can follow Pranav Mukul on her Linkedin, Twitter profiles and read her Newspaper Articles. Listen to Corner Office Conversation our new show:: Corner Office Conversation with Pawan Goenka, Chairman, IN-SPACe, Corner Office Conversation with The New Leaders of Indian Pharma and much more. Check out other interesting episodes from the host like: Why Is India Still Buying Russian Oil?, How AI is Rewriting Cinema Part 2, Trump vs Harvard: India Impact, Of Dragons and Elephants: Modi–Xi in Focus and much more. Catch the latest episode of ‘The Morning Brief’ on ET Play, The Economic Times Online, Spotify, Apple Podcasts, JioSaavn, Amazon Music and Youtube.See omnystudio.com/listener for privacy information.
In today's Tech3 from Moneycontrol, get the latest from India's tech and startup world. Google plans a $15 billion AI hub in Visakhapatnam, creating over one lakh jobs and strengthening India's AI infrastructure. The government is tracking GST price cuts in real-time using quick-commerce platforms, ensuring festive savings reach shoppers. Meanwhile, Lenskart's grey market valuation hits $10 billion ahead of its IPO, and BHIM reports revenue and expenditure figures after its spin-off from NPCI.
Indian markets extended gains for the third straight session on Monday, with the Nifty reclaiming the 25,000 mark, led by financials, IT, and Reliance. Despite a positive close, market breadth remained weak. Globally, cues are mixed with Japan's Nikkei hitting another record high, while European stocks reacted to political uncertainty in France. The GIFT Nifty indicates a flat-to-soft start for Indian equities. In the US, indices closed at record highs on M&A optimism. Meanwhile, Donald Trump has announced a 25% tariff on medium and heavy-duty truck imports effective November 1. Among stocks to watch, LTIMindtree will be in focus as it has secured a multi-year deal with a global entertainment leader, Bank of India and Metropolis Healthcare will react to their business updates. LG Electronics' Rs 11,607 crore IPO opens today. Also on the primary market radar, SEBI has given the green light to Lenskart and Wakefit for their upcoming IPOs. Tune in for all this and more in today's Market Minutes — your morning podcast bringing you the top stories to kickstart your trading day, from stocks in the news to macro trends and global market cues.
Festival-related sales on e-commerce platforms are off to strong start, recording Rs 60,700 crore in the first week. Moreover, the government is working to ensure that GST rate reductions are passed on to consumers. Post-Diwali IPOs are expected to raise about $4.5 billion, with prominent issues include Groww and Lenskart.
In today's Tech3 from Moneycontrol, we unpack how big tech IPOs like Groww, Lenskart, Meesho and others are lined up for a post-Diwali party. Zoho reaffirms its India-first data hosting strategy as usage of Arattai surges. The real money gaming crackdown intensifies under the IT Act, while e-commerce giants face heat for not passing on GST cuts to consumers even as festive sales soar. Plus, Japan's UNLEASH Capital closes a Rs 300 crore fintech fund for India.
When Peyush Bansal spent more than Rs 200 crore to buy back Lenskart shares from investors at a deep discount, it wasn't just a bold trade. It was a rare move few founders manage. He essentially clawed back equity before heading into an IPO. And this extra stake pushed him into “promoter” status, a role many startup leaders once avoided but are now racing to embrace. Why the sudden shift? What does it reveal about founders, investors, and regulators in India's IPO boom?Tune in.Daybreak is produced from the newsroom of The Ken, India's first subscriber-only business news platform. Subscribe for more exclusive, deeply-reported, and analytical business stories.
Lenskart is gearing up for a nearly $1 billion IPO after closing FY25 on a strong note with ₹6,652 crore in revenue and ₹297 crore in profit. What's even more impressive is that almost 40% of that revenue now comes from its more than 600 stores outside India, rare feat for an Indian consumer brand.Unlike peers such as Zomato and Ola that stumbled in global markets, Lenskart has taken a slow-and-steady approach, leaning on selective acquisitions, smart investments, and joint ventures to expand abroad. At the heart of its success is a vertically integrated supply chain that gives the company pricing power, agility in launching new products, and the ability to deliver consistent quality no matter the geography. Tune in.Want to join The Ken's team? Fill this form.Daybreak is produced from the newsroom of The Ken, India's first subscriber-only business news platform. Subscribe for more exclusive, deeply-reported, and analytical business stories.
In today's episode of The Daily Brief, we cover 2 major stories shaping the Indian economy and global markets:00:04 Intro00:27 Lenskart hits the public markets11:22 Inside India's Largest REIT IPO20:56 TidbitsWe also send out a crisp and short daily newsletter for The Daily Brief. Put your email here and we'll make you smart every day: https://thedailybriefing.substack.com/Note: This content is for informational purposes only. None of the stocks, brands, or products mentioned are recommendations or endorsements.
In today's episode of Moneycontrol Tech3, we unpack Microsoft's brief suspension of services to Nayara Energy and how it's reignited India's debate on digital sovereignty. We also dive into Lenskart founder Peyush Bansal's bid for Promoter status ahead of an IPO, Freshworks' AI products crossing $20 million in annual recurring revenue and Persistent Systems' decision to defer salary hikes by a quarter.
Lenskart has grown into one of Asia's biggest eyewear companies and is now gearing up for a massive IPO. It is aiming to raise ₹2,150 crore through a fresh issue as part of an ₹8,000 crore public offering. But as the company prepares to go public, a storm is brewing behind the scenes.A group of former franchise store owners is accusing Lenskart of unfair practices and even fraud. They're alleging they were kept in the dark about store finances and undercut by company-owned outlets opening next door. Now, these franchisees are pushing the Karnataka High Court to reopen an investigation into the company even as Lenskart insists it's a contractual dispute.Tune in.Daybreak is produced from the newsroom of The Ken, India's first subscriber-only business news platform. Subscribe for more exclusive, deeply-reported, and analytical business stories.
In today's episode of Tech3, let's Lenskart's Rs 2,150 crore IPO plans, from investor exits to AI-powered lens labs and marketing spends. Then, media veteran Sameer Nair talks OTT hits, big-screen ambitions, and why AI and micro-dramas aren't there yet. Plus, a sharp look at India's neobanks, once the future of banking, now evolving into fintech utilities. We also cover the IT committee's tough words for MeitY over unspent PLI and chip scheme funds, and where India's data protection rollout stands.
In today's Tech3 from Moneycontrol, we decode the ripple effect of TCS laying off 12,000+ staffers, how Lenskart is reshaping governance and rolling out ESOPs ahead of its billion-dollar IPO, and Weaver Services' Rs 1,200 crore fundraise that signals a shift towards non-tech bets. Plus, we track UPI's expansion into the UK through the India-UK FTA and the early festive hiring surge that's creating over 2 lakh gig jobs across India.
In today's Tech3 from Moneycontrol, we unpack Lenskart's FY25 financials, where there seems to be a sharp growth and even sharper margins. Flipkart is witnessing a leadership shakeup, while a fake Supreme Court handle on X turns into a courtroom spectacle. Plus, Udaan gears up for IPO with the acquisition of ShopKirana to deepen its FMCG play. Tune in for your daily dose of startup and tech news.
IPO-bound Lenskart is expected to clock $755 million revenue in FY2025 from both domestic and international businesses. IndusInd Bank's search for a new CEO may take longer than initially expected. People's Bank of China's stake in HDFC bank may present a ticklish issue to the lender preparing for a bonus issue. Govt defends Sahyog Portal in court even as X resists joining the platform. Tune in for the day's headline-making news on Moneycontrol Editor's Picks.
Tesla has reassured Indian parts suppliers that its procurement policy will not change despite Trump's tariffs threat. Zepto is eyeing a fresh fundraise, Lenskart co-foundder Peyush Bansal wants to up his stake in the company, and smartphone buyers can expect steep discounts soon. Also find out why municipalities are tapping the bond market to finance infrastructure and why Trump is irked by the economic influence of BRICS in today's edition of Moneycontrol Editor's Picks.
In today's Tech3 from Moneycontrol, we break down NPCI's massive 42% profit jump and what's driving it, Lenskart's bold IPO strategy to skip confidential DRHP route, and Giva's Rs 530 crore raise to go big on lab-grown diamonds. Plus, we dive into the rise of “beauty fintech”, EMIs for Botox are now a thing! And finally, meet the Indian Air Force pilot who just blasted off to space with SpaceX.
In a little over a decade, Lenskart has gone from being just India's biggest online eyewear retailer to becoming one of Asia's biggest omnichannel eyewear giants. Needless to say, business has been booming. And the company is now inching towards its next big step – an IPO. But in the midst of all its success, it appears Lenskart may have rubbed some people the wrong way. The catch is that these are the very people who helped it get to this point in the first place – the franchise owners that operate hundreds of its stores across the country. You see, for the last few years, many of them have had observed a similar, pretty disturbing pattern. They'll set up their stores with Lenskart's blessings. And then things start getting weird.Tune in. Check out our new podcast Make India Competitive Again —SpotifyApple The Ken is hosting a subscriber event! Join Two by Two hosts Rohin Dharmakumar and Praveen Gopal Krishnan and three distinguished guests as they discuss broken career ladders, shortening career spans, and collapsing organisational structures. Buy tickets here.
In today's episode, we cover X Corp's legal battle in India, the AI-driven future of Global Capability Centres, and fresh funding rounds for fintech startup Scapia, storytelling platform Pratilipi, and South Indian snack brand Sweet Karam Coffee. Plus, Lenskart's Peyush Bansal shares his insights on “omni-customer” retail. Tune in for the latest in tech and startups!
Growth and product are a completely different beast when you sell physical products and not software. Despite those challenges, our next guest Ramneek Khurana has grown Lenskart to help India's vision problem. Ramneek went to Georgia Tech and expected to go to a major consulting firm, but he took some advice that led him into physical products as he started his career at Michelin Tires. Since Michelin was the top tire brand, Ramneek made very marginal improvements and eventually got bored and wanted to solve a bigger problem. That led him to co-found Lenskart, an optical eyewear chain that produces over 300,000 glasses a month. They saw the large gap in the Indian market for a convenient, stylish eyeglass brand that also helped tackle the millions of Indians who weren't able to get glasses. Unlike almost every other eyeglass manufacturer, Lenskart focused on mobile and digital from the very beginning, making it easier for customers and allowed them to scale quickly. Some of their best growth campaigns came out of COVID. They received tons of videos from customers to showcase they could still help people get eyeglasses even during lockdown and turned it into a massively successful TV campaign. Hear stories like this, how they won the award for Best Mobile Innovation at Branch's 2020 Mobile Growth Awards, how Ramneek manages his time as the company grows and changes, and more on this episode of How I Grew This.