In July, just three months before the IPO, Piyush Bansal took a ₹200 crore loan to buy Lenskart shares at an ₹8,500 crore valuation.
Now, in November, he is selling those same shares to the public at a whopping ₹70,000 crore valuation and is expected to cash out ₹850 crore himself.
What exactly changed in three months? How did the valuation jump 8X
Maybe it’s time we put on a different lens to see the real picture