
The ₹70,000 Crore Question: How a Delhi Dropout Built India's Biggest Eyewear Empire, Survived a Shark Tank Valuation Meme-Storm—and Just Posted a ₹530 Crore Profit That Silenced Everyone
In October 2025, the internet made fun of Peyush Bansal. Lenskart, the company he had spent fifteen years building from a small Delhi shop into India's largest eyewear retailer, was about to go public. The valuation was approximately ₹70,000 crore—roughly $8 billion at the upper end of the price band. The price-to-earnings ratio, calculated on trailing earnings, was approximately 230. The memes arrived within hours. "Glasses Or Diamonds?" read one viral post, comparing the per-share price of Lenskart to a pair of gold earrings. Shark Tank India viewers—who knew Bansal as the measured, thoughtful investor on the show's judging panel—pointed out the apparent hypocrisy: the same person who grilled founders about their valuations was now asking public-market investors to pay one of the highest multiples in Indian consumer internet history.








