ET Startup Awards 2025: Criticism isn’t always negative, says Peyush Bansal on Lenskart’s IPO valuation comments

ET Startup Awards 2025: Criticism isn’t always negative, says Peyush Bansal on Lenskart's IPO valuation comments



Lenskart chief executive Peyush Bansal said that criticism isn’t always a bad thing, reacting to comments on IPO overvaluation.

The omnichannel eyewear retailer seems set for a Rs 7,300-crore initial public offering (IPO), which is expected to value Lenskart at nearly Rs 70,000 crore when the company gets listed on the exchanges on November 10.

The company’s valuation has resulted in intense public scrutiny and social media comments.

“Shark Tank has somewhat trained me to be in the public world. Criticism is not always a negative thing,” said Bansal, during a fireside chat at the ET Startup Awards 2025. “Sometimes criticism can be a good thing. It is important to listen to another’s point of view, but at the same time have your own.”

Lenskart’s IPO was fully subscribed on Friday — the first day itself. The investor enthusiasm belies concerns over the Rs 70,000 crore valuation Lenskart is targeting with its IPO.

“In my mid-year review in Microsoft, my manager said I handle criticism really well and that was the only thing she said about me,” Bansal said, adding, “So, that’s what is working for me today.”



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