Lenskart IPO Triggers Debate on Indian Startup Valuations: Report
Photo by Kanishk Agarwal on Unsplash
Lenskart's $821 million IPO was fully subscribed within five hours, raising questions regarding Indian startups' valuations. DSP Asset Managers Pvt. defended its anchor investment in Lenskart, citing confidence in the company's scalable business model, while acknowledging the IPO's expensive pricing in the context of India's growth market.
Key takeaways
- Lenskart Solutions Ltd
- 's $821 million IPO, which was fully subscribed in under five hours, has ignited discussions about the valuation of Indian startups
- The company's premium valuation attracted public scrutiny, prompting DSP Asset Managers Pvt
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