We like Lenskart's business despite expensive valuation: DSP MF
DSP Mutual Fund defended its decision to invest in Lenskart's IPO despite criticism over its high valuation. In an X post, it said its IPO moves are based on conviction in scalable business, trustworthy promoters, demonstrated execution and valuations. "In...Lenskart, we like the first three...On valuations....businesses associated with retail, e-commerce are trading expensive," it stated.