Lenskart IPO: CEO Peyush Bansal says it was never about valuation

Eyewear giant Lenskart officially entered the stock market today, marking a major milestone for the company. At the listing ceremony, CEO Peyush Bansal addressed the buzz around the company’s valuation, making it clear this was never the driving force behind the journey.

“We didn’t build Lenskart to build a valuation… we did it to give eyesight to India,” said Bansal.

Valuation concerns

Speaking to ET last month, Bansal responded to discussions about Lenskart’s IPO valuation being considered high for a retail business. He explained that