Lenskart Breaks the Norm: Plans $1 Billion IPO with Public DRHP Filing, Snubs Confidential Route Taken by Startup Peers

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India’s eyewear giant takes a bold, transparent step toward public listing, challenging the secrecy trend followed by other startups like Swiggy and Meesho

New Delhi | June 26, 2025
India’s most recognized eyewear brand, Lenskart, co-founded and led by Peyush Bansal — the visionary entrepreneur and popular Shark Tank India judge — is preparing to file its Draft Red Herring Prospectus (DRHP) publicly with the Securities and Exchange Board of India (SEBI) in July 2025, according to a report by Moneycontrol.

This move marks a major departure from the strategy adopted by many modern Indian startups, including Swiggy, Groww, boAt, PhysicsWallah, and Meesho, who have chosen to file their IPO documents confidentially in recent months.

A Bold Public Debut Under Peyush Bansal’s Visionary Leadership

Peyush Bansal, known for his sharp business acumen and candid personality on Shark Tank India, has long been seen as a disruptor in India’s retail and e-commerce landscape. Under his leadership, Lenskart has transformed from an online eyewear seller into a global omnichannel D2C eyewear powerhouse with a presence in over 10 countries.

Bansal’s decision to opt for a public DRHP filing reflects his long-standing philosophy of building with trust and transparency. In an environment where startups often avoid early public scrutiny, Lenskart’s approach underscores its readiness to be held to global standards of accountability and investor communication.

Public vs Confidential DRHP: A Game-Changing Decision

The confidential filing route, introduced in India in 2022, allows companies to submit their draft IPO papers privately, giving them the flexibility to revise documents and withhold sensitive data until later stages. While this approach is intended to protect competitive information, it also delays investor insight.

In contrast, Lenskart’s public filing will make its entire DRHP immediately available for public review. This transparent approach not only signals maturity but also instills confidence among retail and institutional investors.

The Big Numbers: What Lenskart’s IPO Looks Like

Lenskart is reportedly targeting a $1 billion IPO at an estimated valuation of $10 billion, making it one of the largest public issues by a consumer tech company in India’s recent history.

To power this high-stakes listing, Lenskart has appointed a stellar lineup of investment bankers:

  • Kotak Mahindra Capital

  • Axis Capital

  • Citigroup (Citi)

  • Morgan Stanley

  • Avendus Capital

This consortium is expected to steer both the domestic and global investor outreach for the offering.

Financials: A Growth Story with Minor Hiccups

Despite its strong brand presence and expanding international footprint, Lenskart reported a loss of ₹10 crore in FY24, even though its revenues hit an impressive ₹5,427 crore. This shift into the red follows previous years of profitability and may raise some investor questions ahead of the IPO.

As of now, the company has not publicly disclosed its FY25 financials, but the upcoming DRHP will be expected to shed light on its current fiscal health, business model, risk outlook, and future growth plans.

What Makes This IPO So Significant?

Lenskart’s public filing decision is more than just a regulatory formality — it’s a strategic statement. In an ecosystem where most startups are treading cautiously, Lenskart is signaling that it’s IPO-ready in every sense — structurally, financially, and culturally.

Its move is being closely watched by market analysts, venture capitalists, and policy advisors alike as a barometer of public trust in India’s consumer tech sector. Moreover, the listing will serve as a case study for other Indian unicorns contemplating public listings amidst volatile market conditions.

 Industry Reactions

“Lenskart is not just opening its books; it’s opening a new chapter for startup IPOs in India. This level of transparency, especially from a D2C brand, is both rare and refreshing,” said a senior analyst at a leading domestic brokerage.

“Peyush Bansal has always been ahead of the curve — this is yet another example of his forward-thinking leadership,” remarked a venture capitalist who has followed Lenskart since its early days.

What’s Next?

With the DRHP expected to be publicly filed in July 2025, all eyes will be on the finer details:

  • Revenue breakdown by channel

  • International market growth strategy

  • Customer acquisition costs

  • Profitability timelines

  • Utilization of IPO proceeds

If Lenskart manages to strike the right balance between vision and valuation, this IPO could become a milestone moment in the history of Indian consumer IPOs.

Disclaimer

This news article is published by CreditSamadhaan.com for general informational purposes only. The content is based on publicly available information and industry reports. It does not constitute financial advice or a recommendation to buy, sell, or invest in any securities.

Readers are encouraged to do their own research or consult a registered financial advisor before making any investment decisions.

Stay updated with the latest in credit health, finance, and Indian startup news at www.CreditSamadhaan.com

“Till 40, My Wife Funded Our Home”: Aman Gupta Opens Up About Struggles, Sacrifices & the Real Cost of Entrepreneurship

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In a brutally honest conversation, boAt co-founder and Shark Tank India judge Aman Gupta reveals the untold story of sacrifice, sleepless nights, and the woman who held his world together.

When we see Aman Gupta on Shark Tank India, what we usually notice is the sharp business acumen, confident pitches, and charismatic presence. But behind that big smile and booming voice lies a story that rarely gets told—a story of struggle, sacrifice, and a man who risked everything to chase his dream.

In a recent YouTube podcast hosted by Prakhar Gupta, Aman bared his soul in a way fans had never seen before. It wasn’t just about funding startups or scaling boAt to a billion-dollar brand—it was about the deeply personal journey that powered his rise. And perhaps the most striking part of his story? The quiet strength of his wife, who financially supported the household for years while he built his dream from the ground up.

“Till I Was 40, My Wife’s Salary Ran the Household”

In a moment of raw vulnerability, Aman confessed:

“Till I was 40, meri wife ke paise se ghar chalta tha. I’m a very hardworking guy, but I’ve seen the ups and downs in life. I’ve burnt the midnight oil and everything to be where I am today.”

These words, simple yet deeply powerful, have resonated with thousands online. Aman’s story is not just one of hustle—it’s about humility, gratitude, and the often invisible support system that makes great success possible.

He revealed that during his toughest years, he would work up to 16 hours a day, tirelessly chasing opportunities, pitching ideas, and navigating rejections. While most people only see the glamorous end—celebrity investor, successful entrepreneur, brand ambassador—few know about the decade of grind that preceded it.

“I Don’t Remember Much of My Daughter Growing Up”

One of the most emotional parts of the podcast came when Aman spoke about the personal cost of his journey.

“I don’t remember much of when my daughter was growing up because I was busy working.”

This isn’t just a confession—it’s a painful truth that many ambitious professionals and startup founders live with. In pursuit of building something lasting, moments with family often slip away. And while success may eventually come, the lost memories are never fully regained.

The Unsung Hero: Aman’s Wife

Throughout the conversation, one name stood out again and again—his wife.

Not only did she shoulder the financial burden during their early years, but she also stood strong emotionally, allowing Aman the space to fail, try again, and keep pushing forward. There were no promises of success, no guarantee that the sacrifices would pay off. And yet, she remained his unwavering pillar.

“She never made me feel small. Even when I wasn’t bringing in the money. She believed in me when I didn’t believe in myself.”

This kind of emotional honesty is rare in India’s high-pressure entrepreneurial culture, where vulnerability is often mistaken for weakness. Aman’s willingness to publicly acknowledge his wife’s role challenges that notion and adds a deeply human layer to his journey.

From Struggle to Startup Stardom

Aman Gupta’s story is now well-known: co-founding boAt in 2016, building it into one of India’s most popular audio and lifestyle brands, and eventually becoming a household name via Shark Tank India.

But the real story lies in what came before the success—the loans, the doubt, the lonely nights, the failed ventures, and the emotional toll that few talk about.

Today, boAt is a multi-million dollar company. Aman is celebrated not just for his business success but also for his ability to connect with young entrepreneurs across India. But what makes him truly inspiring is not just what he’s built—it’s what he’s endured.

Reactions Pour In: “This Is the Side of Success We Don’t See”

Since the podcast aired, Aman Gupta’s fans and followers have flooded social media with messages of admiration and respect. Many viewers have called the interview one of the most “real and relatable” conversations ever aired on an Indian podcast.

  • 🗨️ “This made me respect Aman even more. Hats off to him and his wife.”

  • 🗨️ “This is what success really looks like. No filters, just facts.”

  • 🗨️ “Every aspiring entrepreneur should watch this. Not just for business tips—but for life lessons.”

The Bigger Lesson: Every Entrepreneur Has a Backstory

Aman Gupta’s story is a timely reminder in a world obsessed with quick wins and viral success. What we often fail to see are the years of invisible hustle that happen behind the scenes. The missed birthdays, the loans, the mental health battles, and yes—the partners who hold things together when everything feels like it’s falling apart.

His candid admission is not just inspiring—it’s transformative. Because it tells every aspiring entrepreneur that it’s okay to struggle, it’s okay to take help, and it’s more than okay to acknowledge those who walked with you in the dark before the spotlight came on.

Final Thought: Behind Every Dream, There’s Often a Silent Hero

Aman Gupta’s story is a celebration of entrepreneurship—but it’s also a celebration of something more profound: love, partnership, and perseverance. In an age where personal relationships are often strained by professional ambition, his tribute to his wife reminds us what real success looks like—not just in business, but in life.

🖋️ Article by Credit Samadhaan Kendra
Helping India repair, rebuild, and reclaim their financial freedom—one credit score at a time.

🔍 Disclaimer:

The information in this article is based on publicly available content from a YouTube podcast featuring Aman Gupta and host Prakhar Gupta. Quotes and personal anecdotes have been paraphrased or translated where necessary for clarity and engagement. This article is intended for informational and inspirational purposes only and does not represent the personal, legal, or professional views of Aman Gupta, boAt, or any associated entities. All rights to podcast content remain with the original creators. For the complete and unedited conversation, viewers are encouraged to watch the full episode on Prakhar Gupta’s official YouTube channel.