Business analyst writes open letter to Lenskart CEO over IPO
Business analyst Jayant Mundhra has written an open letter to Lenskart CEO Peyush Bansal, criticising the eyewear brand’s proposed $7 billion IPO valuation. While praising its strong operations, he accuses the company of dodging investor questions, overvaluing overseas acquisitions, and staying silent on franchisee lawsuits, calling the IPO a mockery of public trust and investor intelligence.