In July, just three months before the IPO, Piyush Bansal took a โน200 crore loan to buy Lenskart shares at an โน8,500 crore valuation.
Now, in November, he is selling those same shares to the public at a whopping โน70,000 crore valuation and is expected to cash out โน850 crore himself.
What exactly changed in three months? How did the valuation jump 8X
Maybe itโs time we put on a different lens to see the real picture