ET Startup Awards 2024 | Startup of the Year: You don't need glasses to see what Lenskart did in this space
eyewear retailer Lenskart bagged the prize for Startup of the Year 2024 surging ahead of competition on the back of strong revenue growth and for crafting a new business model in a primarily unorganised sector.
The ten-member jury chose Lenskart, which is currently valued at $ 5 billion, over publicly listed general insurer Go Digit in a keenly contested round where the relative merits of both companies were discussed in detail.
Quick commerce major Zepto, also valued at $5 billion, drew significant interest from jury members for the speed at which it has grown over the past year, signaling the rapid expansion of the sunrise sector.
“It is still day 1 for us at Lenskart,” Peyush Bansal, CEO, Lenskart told ET on being informed of the jury’s decision to award the SOTY prize to his company.
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