Why Peyush Bansal did the opposite of every rulebook move before Lenskart's IPO

02/09/2025 11 min Episodio 567
Why Peyush Bansal did the opposite of every rulebook move before Lenskart's IPO

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Episode Synopsis


When Peyush Bansal spent more than Rs 200 crore to buy back Lenskart shares from investors at a deep discount, it wasn’t just a bold trade. It was a rare  move few founders manage. He essentially clawed back equity before heading into an IPO. And this extra stake pushed him into “promoter” status, a role many startup leaders once avoided but are now racing to embrace. Why the sudden shift? What does it reveal about founders, investors, and regulators in India’s IPO boom?Tune in.Daybreak is produced from the newsroom of The Ken, India’s first subscriber-only business news platform. Subscribe for more exclusive, deeply-reported, and analytical business stories.
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