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Peyush Bansal pays Rs 222 Cr to buy back 4.6 Cr shares at steep discount ahead of IPO
Entrackr
·
1m ago
Medial
Peyush Bansal pays Rs 222 Cr to buy back 4.6 Cr shares at steep discount ahead of IPO Lenskart’s co-founder and CEO Peyush Bansal has significantly increased his stake in the company through a series of secondary transactions. As per DRHP disclosures reviewed by Entrackr, Bansal acquired over 4.26 crore shares from existing shareholders for a total cash consideration of Rs 222 crore. The off-market transactions were executed between July 18 and July 24, 2025, and involved several institutional and early-stage backers of the company. Among the notable sellers were SoftBank, Kedaara Capital, Avendus, Steadview Capital, and LTR Focus Fund. Even Unilazer Ventures, backed by Ronnie Screwvala, was part of the exit group, selling over 25 lakh shares. SoftBank offloaded the largest chunk, 96 lakh shares, fetching around Rs 49.93 crore from the deal. Kedaara entities cumulatively sold more than 30 lakh shares, while Steadview offloaded 34 lakh shares, raising nearly Rs 17.7 crore. The Rs 52 per share price paid in these transactions is also noteworthy; it indicates a negotiated deal that likely reflects internal valuations rather than public market benchmarks. In response to Entrackr’s queries, a Lenskart spokesperson confirmed the development. However, the company did not comment on the reasons behind the deep discount. These transactions significantly bolster Peyush Bansal’s holding ahead of Lenskart’s IPO, which includes a fresh issue of Rs 2,150 crore and an offer for sale of 13.2 crore shares. While Bansal himself is also offering 2.05 crore shares as part of the OFS, his recent acquisitions signal a strong vote of confidence in the company’s valuation and growth trajectory. The secondary deals come at a time when the eyewear major is preparing for its public market debut, backed by marquee names like Temasek, ADIA, and TPG. In FY25, Lenskart reported a 22.5% jump in revenue to Rs 6,652 crore and turned profitable with a Rs 297 crore PAT.
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Related News
Lenskart founder to buy back 2% from bunch of investors at $7 billion valuation
Internet
·
2m ago
Medial
Lenskart founder Peyush Bansal plans to buy back a 1.5-2% stake from investors like TR Capital, Chiratae, Softbank, and Kedaara Capital for approximately $150 million. This move comes as the company prepares for an IPO, targeting a valuation of $8-10 billion. By increasing his stake with the help of Avendus Capital, Bansal aims to counteract his equity dilution from previous funding rounds. The transaction signals strategic planning ahead of the IPO.
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ETSA 2024 | For startups, right talent is human capital, not just human resource: Lenskart CEO Peyush Bansal
Economic Times
·
11m ago
Medial
- Talent density has become increasingly challenging to maintain in the last 10 years, according to Peyush Bansal, CEO of Lenskart. - To hire and retain talent, companies must constantly improve and up their game, says Peyush Bansal. - Building the right work culture and attracting top talent are crucial for startup growth, according to Peyush Bansal. - Taking Indian startups to the global stage requires a focus on talent and surpassing milestones, states Peyush Bansal. - The panel discussion at the Economic Times Startup Awards 2024 emphasized the importance of staying ahead of trends in order to succeed in the next decade of Indian startups.
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OYO's valuation at $4.6 bn after Nuvama buys ₹100 cr stake: Report
Inshorts
·
8m ago
Medial
OYO's valuation has reached $4.6 billion after Nuvama Wealth and Investment Ltd purchased its shares worth ₹100 crore, ET reported. Nuvama reportedly bought shares at ₹53 per share in a secondary transaction involving InCred Wealth and H World Group Ltd. The IPO-bound firm announced last month that CEO Ritesh Agarwal will buy shares worth ₹550 crore.
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Lenskart files DRHP with SEBI to launch IPO; Peyush and Neha Bansal to sell shares
IndianStartupNews
·
1m ago
Medial
Lenskart, an omnichannel eyewear retailer based in Gurugram, has filed for an Initial Public Offering (IPO) with SEBI to raise Rs 2,150 crore. The IPO includes a fresh issue of shares and an offer for sale where existing shareholders, including SoftBank and company CEO Peyush Bansal, will sell shares. The funds will support retail expansion, tech infrastructure upgrades, and branding efforts. Lenskart reported significant revenue growth and profitability in FY25.
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Peyush Bansal, Dhanuka family members register flats worth ₹100 cr in Gurugram
Hindustan Times
·
1y ago
Medial
Conveyance deeds of four separate properties that are cumulatively worth ₹106.4 crore have been registered separately in DLF's 'The Camellias' in Gurugram. The buyers of these luxury apartments are Lenskart's Founder Peyush Bansal, Dhanuka Agritech's Ram Gopal Agarwal, Rahul Dhanuka and Harsh Dhanuka, according to documents accessed by CRE Matrix. The conveyance deeds were executed in April.
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Exclusive: IPO-Bound InMobi Bags INR 32 Cr From Cofounders
Inc42
·
2m ago
Medial
InMobi, an adtech unicorn, raised INR 32 Cr ($3.7 Mn) from its cofounders and Vatera Pte. Ltd. The funding will support its working capital needs. InMobi plans to file its IPO in the second half of 2025 and is considering a $500 Mn capital raise to buy back investor stakes prior to the public listing. Additionally, the company plans significant AI investments and has outlined IPO plans for its Glance platform.
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Peyush Bansal's Lenskart May Dump Confidential DRHP Filing, Opt for Open IPO Process
OutlookIndia
·
2m ago
Medial
Lenskart, led by Peyush Bansal, is preparing for a $1 billion IPO but may choose a traditional DRHP process instead of a confidential route, making the filing details public. This eyewear company, with a valuation of $10 billion and an annual revenue run rate of $1 billion, has recently become a public entity. It plans to file the DRHP in July, aided by banks like Kotak and Morgan Stanley, aiming to raise substantial funds.
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Lenskart’s Peyush Bansal charts global expansion amid IPO buzz
Economic Times
·
6m ago
Medial
Peyush Bansal founded Lenskart in 2010, aiming to make it a global brand focused on scale and customer experience. The company considers an IPO while prioritizing consistent service. With over $1 billion in annual revenue, Lenskart emphasizes technology and efficiency for profitability. Expansion includes a new Telangana facility, enhancing manufacturing capacity. Lenskart continues refining its omni-channel strategy and in-store experiences, inspired by global standards, while fostering new leadership for sustained growth.
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House of Chikankari bags Rs 4 Cr in seed round
Entrackr
·
7m ago
Medial
House of Chikankari, a Delhi-based artisanal-led ethnic wear D2C brand, has raised Rs 4 crore in its seed round from angel investors and micro-VC funds, including Tudip Ventures, Peyush Bansal (Lenskart), Manoj Meena (Atomberg), Ankit Nagori (Curefoods), Hitesh Dhingra (The Man Company), Alluvium Capital, and Aurinko Partners. The proceeds will be used to expand marketing efforts, grow the team, and scale the business to Rs 100 crore in revenue. Founded by Aakriti Rawal and Poonam Rawal, the brand bridges the gap between traditional craftsmanship and contemporary design. Currently fulfilling around 15,000 monthly products, House of Chikankari generates 85% of its revenue through its D2C website. It is also present on marketplaces such as Nykaa, Myntra, Flipkart, Amazon, and Ajio, with plans to expand internationally to platforms like Noon and Styli. According to the company, 30% of House of Chikankari’s revenue will come from crafts beyond Chikankari in 2025. Over the last four years, House of Chikankari has collaborated with over 10,000 artisans across India. Featured on Shark Tank India Season 2, the brand is backed by angel investors such as Aman Gupta (boAt Lifestyle) and Peyush Bansal (Lenskart).
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Zepto nears Rs 1,500 Cr structured debt deal ahead of IPO
Entrackr
·
4m ago
Medial
Zepto nears Rs 1,500 Cr structured debt deal ahead of IPO: Report Quick commerce platform Zepto is reportedly finalising a Rs 1,500 crore ($175 million) structured debt deal with Edelweiss Alternative Asset and other investors. According to an ET report, the funds will be used to buy back shares from foreign investors, increasing Indian ownership ahead of Zepto’s planned IPO. Zepto is expected to file its IPO draft papers in mid-2025. The company has already secured approvals to shift its base from Singapore to India. Edelweiss is expected to underwrite about half of the loan, while other domestic family offices and credit funds are expected to contribute the remaining Rs 750 crore. The deal will value Zepto at around $5 billion, matching its last equity fundraising round when it raised $350 million, led by Motilal Oswal Private Wealth, in November last year. The report added that founders Aadit Palicha and Kaivalya Vohra’s stake will rise from 18% to around 20%, while overall domestic shareholding could exceed 30%, aligning with Indian foreign direct investment rules. Zepto is also close to completing a $250 million secondary share sale involving private equity firms like Motilal Oswal. In a recent development, Palicha disclosed that the Mumbai-based firm is also close to hitting an annualized Gross Order Value (GOV) of $4 billion.
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