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 sister Neha Bansal, who is also a cofounder, together hold about 12-13% stake in the firm.
The move reflects a broader trend among consumer tech and internet companies, such as Zomato (now Eternal), Swiggy, PB Fintech and Freshworks, which have awarded stock to founders ahead of their initial public offerings (IPOs) through various mechanisms.
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