There is fabulous book by Adam Grant which I am reading right now - Originals - which starts with the story of Warby Parker, the startup in the US which disrupted the eyewear and the lens business. They have done a fanstanstic job in their operations so far. Even in the world where generalists like Amazon exists which cater to almost all categories, I was mildly surprised that eye-wear couldn't be captured through it - so much so - that these folks (I think they were 4 graduate student cofounders) managed to amass a billion dollar valuation in an year (and I am talking about 2010s).
I do think these deep niches will bode well for someone like lenskart. Plus they indeed are building a seamless chain of automations to keep this order-to-delivery idea efficient, which is generally a good thing for the Indian consumers.
They must be itching for expansion as India is extremely price sensitive market, and somewhat desperately so - given they tried 5 times (!!) to acquite the Japanese eyewear firm. :)
There was a development last year on an eye drop that could fix the age related eye problem (reading glass linked). I am not aware of how it has disrupted the market but if it has potential then it will impact market capture of lenskart.
Secondly, there was another news where it was stated that eye fatigue (related to watching displays) reducing Eyewear has no benefit over the regular glasses, as portrayed in the ads of it. So if the awareness of it too increases then lenskart has another risk sitting on its lap.
Banks give nothing, gold is too slow hence millions of small investors are shoring up India's bourses.Such investors like me being otherwise fully occupied can’t afford to spend time to collect info and make informed decisions.Now they’ve an option - - read The Daily Brief and invest wisely as I do…the in depth analysis on Lenskart hits the public markets,Inside India’s Largest REIT IPO,makes me as informed as any professional analyst.
Although the distribution yield on these assets are really good, but price appreciation has not been that great. It would be interesting to analyse what has been the total returns for investor considering both the Distributions and price return.
There is fabulous book by Adam Grant which I am reading right now - Originals - which starts with the story of Warby Parker, the startup in the US which disrupted the eyewear and the lens business. They have done a fanstanstic job in their operations so far. Even in the world where generalists like Amazon exists which cater to almost all categories, I was mildly surprised that eye-wear couldn't be captured through it - so much so - that these folks (I think they were 4 graduate student cofounders) managed to amass a billion dollar valuation in an year (and I am talking about 2010s).
I do think these deep niches will bode well for someone like lenskart. Plus they indeed are building a seamless chain of automations to keep this order-to-delivery idea efficient, which is generally a good thing for the Indian consumers.
They must be itching for expansion as India is extremely price sensitive market, and somewhat desperately so - given they tried 5 times (!!) to acquite the Japanese eyewear firm. :)
We didn't know about Warby Parker. We'll surely read up on them.
Great article, learned lot of new things here...
There was a development last year on an eye drop that could fix the age related eye problem (reading glass linked). I am not aware of how it has disrupted the market but if it has potential then it will impact market capture of lenskart.
Secondly, there was another news where it was stated that eye fatigue (related to watching displays) reducing Eyewear has no benefit over the regular glasses, as portrayed in the ads of it. So if the awareness of it too increases then lenskart has another risk sitting on its lap.
Thanks for these sharing these angles.
Banks give nothing, gold is too slow hence millions of small investors are shoring up India's bourses.Such investors like me being otherwise fully occupied can’t afford to spend time to collect info and make informed decisions.Now they’ve an option - - read The Daily Brief and invest wisely as I do…the in depth analysis on Lenskart hits the public markets,Inside India’s Largest REIT IPO,makes me as informed as any professional analyst.
Although the distribution yield on these assets are really good, but price appreciation has not been that great. It would be interesting to analyse what has been the total returns for investor considering both the Distributions and price return.
Thanks Ankit.
You are right, we didn't talk much about the price appreciation angle of REITS since they also act as quasi-equity securities in one's portfolio.
In future, we will definitely touch on this topic.
https://open.substack.com/pub/thebhartiyabrief/p/the-tussle-for-the-jeweled-necklace?utm_source=share&utm_medium=android&r=63ppn7