Tech guy with a busi... • 2m
Lenskart’s IPO is turning heads not just for its size but for what it signals. The founders Peyush Bansal, Neha Bansal, Amit Chaudhary, and Sumeet Kapahi are together selling ₹1,100 crore ($125M) worth of shares, around 1.6% stake, while still holding roughly 18% after the issue. For context, Nykaa’s founders sold ₹540 crore in 2021 and Paytm’s Vijay Shekhar Sharma sold ₹403 crore. Lenskart’s OFS is almost twice that. What’s rare is that while most IPOs now limit founder exits to avoid cash-out noise, Lenskart is going bold. The majority of its issue is secondary. With Peyush Bansal alone selling ₹820 crore worth and staying firmly in control, this feels less like an exit and more like a founder monetizing early belief in a profitable business. Biggest OFS yet.
Content creator • 1y
Lenskart was started by Peyush Bansal, Amit Chaudhary, Sumeet Kapahi in 2010. Piyush Bansal formerly worked at Microsoft. In 2007 Bansal returned to India to start his own startup. In 2008 Piyush Bansal started 'Find My Campus' to help university s
See More
Hey I am on Medial • 5m
Fractal Posts ₹2,765 Cr Revenue in FY25, Turns Profitable Ahead of ₹4,900 Cr IPO AI and data analytics solutions provider Fractal has filed its DRHP with SEBI to raise up to ₹4,900 crore via fresh issue and OFS. The company posted a strong FY25, w
See More
Hey I am on Medial • 1y
Karna Kshetri, a 22 year old developer from Bardiya has again sold another app for Around Rs 54 lakh to Rounds AI ltd. He had sold his previous app called Pickup Lines to the same company for Rs 70 lakh. He claims that he has earned around Rs 1.2 c
See MoreFounder And CEO Of F... • 1y
Swiggy IPO: Food delivery giant sets price band between ₹371 - ₹390, says report Swiggy, one of India’s top-valued new-age consumer brands, is set to enter the Indian capital market with an ₹11,300 crore IPO. The offering includes a fresh issue of s
See MoreI know things, becau... • 5m
6 years ago They lost Rs. 22 lakh - their life saving after selling their startup, and got bankrupt after that funding round collapsed They bought it again after raising new funds, built it again 3 months ago They sold it for Rs. 209 Crore seem
See More
Download the medial app to read full posts, comements and news.