Lenskart’s Bansal set to join list of founders with pre-IPO stake boosts

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Omnichannel eyewear retailer Lenskart is likely to issue additional shares to its founder and CEO Peyush Bansal through a structured payout arrangement, which could increase his stake in the public markets-bound company by 1.5-2%, said people briefed on the development.

Bansal and his wife Neha Bansal, also a cofounder, currently hold a combined stake of about 12-13% in the firm.

The move reflects a broader trend among consumer tech and internet companies, such as Zomato (now Eternal), Swiggy, Delhivery, PB Fintech and Freshworks, which have awarded…



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Lenskart’s Bansal set to join list of founders with pre-IPO stake boosts


Omnichannel eyewear retailer Lenskart is likely to issue additional shares to its founder and CEO Peyush Bansal through a structured payout arrangement, which could increase his stake in the public markets-bound company by 1.5-2%, said people briefed on the development.

Bansal and his wife Neha Bansal, also a cofounder, currently hold a combined stake of about 12-13% in the firm.

The move reflects a broader trend among consumer tech and internet companies, such as Zomato (now Eternal), Swiggy, Delhivery, PB Fintech and Freshworks, which have awarded…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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