Peyush Bansal is on a mission to turn Lenskart into a global eyewear name. But its market debut shows that even India’s most successful startups are now being tested on their valuations.
The eyewear retailer listed at a 12% discount to its offer price and ended the day flat — disproving both critics and supporters of the company’s eye-popping valuation of 238 times trailing earnings.
@Alex_G_Simon explains: https://t.co/HZzvlpmRvZ
