Peyush Bansal on UPI Payments in Glasses, IPO Criticism and More!

In this episode, Peyush Bansal sits down to talk about Lenskart’s IPO, the debate around its valuation, and why he believes the company has been priced fairly despite market chatter. He explains how Lenskart’s profitability, strong unit economics, and sustained growth make it stand apart from most consumer tech listings that were still loss-making when they went public. Uploaded 02-11-25 We then get into how the company grew from a small tech-led eyewear startup into a global brand through vertical integration, manufacturing, and customer obsession. Peyush also discusses the next frontier, smart glasses, built in partnership with Qualcomm, and how India could lead this new form factor by developing full-stack hardware and software locally. The conversation then goes beyond business metrics to explore his Shark Tank experience, lessons in scaling culture, counterintuitive insights on Indian consumers, and how he stays grounded amid success, criticism, and the chaos of IPO day. 00:00 - Intro 00:52 - IPO Launch Day Experience 02:18 - The Valuation Debate 08:22 - Shark Tank Impact 09:48 - Lenskart Origin Story 13:49 - Evolution from Startup to Global Company 16:38 - Smart Glasses and Future of Computing 25:29 - The Road to Profitability 29:05 - Post-IPO Team Motivation 32:37 - Counter-Intuitive Consumer Insights 38:04 - Dealing with Success and Criticism Learn more about your ad choices. Visit megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices