Shankar Sharma sees organised campaign against Lenskart. Explains why it is a steal vs Paytm, Zomato, others

Veteran investor Shankar Sharma has weighed in on the debate surrounding Lenskart’s upcoming initial public offering, stating that the eyewear retailer’s valuation is under unfair scrutiny.

In a post on X (formerly Twitter), he remarked: “I have never bought any specs (I don’t wear specs) ever, but one thing is crystal clear from my lens: there is an organised campaign against Lenskart. At ~10x sales, it’s a steal compared to P/sales valuations of Paytm, Nykaa, Zomato, PB, CarTrade, etc., who IPO’d at 25-50x their revenues (with plenty of losses too).”