Valyoo Tech may sell BagsKart, JewelsKart and Watch-Kart portals to shift focus on LensKart — economictimes.indiatimes.com
I guess it is a smart move. They already are the dominating players in the lenses market. Other markets are very competitive.Valyoo Technologies, which operates a number of single-category online portals, may sell at least three of the sites as it shifts focus and resources on growing the leader of the pack, LensKart.The smaller properties that sell accessories, such as bags, jewels and watches, are being put up for sale at a time when India's ecommerce industry is being dominated by large multi-product retailers. BagsKart, JewelsKart and Watch-Kart are the three portals that Delhibased Valyoo is placing on the block."Our goal is not to be the number one bags player. It is to be the number one eye-wear player in India," said Peyush Bansal, cofounder of Valyoo Technologies. "If there is a good buyer, we will consider it (selling the portals)," he said.