Peyush Bansal, co-founder and CEO of Lenskart, emphasized the importance of selecting the right partners and investors over merely maximizing valuations. Speaking at the Bengaluru Tech Summit 2024, he noted that while high valuations may offer short-term benefits, sustainable growth relies on long-term partnerships with investors who share the company’s vision and can weather both prosperous and challenging times.
Bansal highlighted that investors like the Abu Dhabi Investment Authority (ADIA) and Temasek are committed to supporting companies for extended periods, aligning with Lenskart’s long-term objectives. He cautioned that the Indian startup ecosystem’s focus on immediate valuations could undermine the foundational work necessary for enduring success.
By prioritizing strategic partnerships over short-term valuation gains, startups can build resilient businesses capable of sustained growth and success.
