Shankar Sharma has waded into the Lenskart IPO firestorm, calling out what he describes as an “organised campaign” against the company, and questioning why it’s being villainized for a valuation others once got praised for.

“I have never bought any specs—I don't wear specs—but one thing is crystal clear from my lens: there is an organised campaign against Lenskart,” Sharma posted on X, as the eyewear firm heads into a highly scrutinized ₹7,278 crore IPO. Advertisement

At a nearly 10× sales valuation, Sharma argued Lenskart is being unfairly targeted. He compared it with companies like Paytm, Nykaa, Zomato, Policybazaar, and CarTrade that went public at 25–50× revenues—despite showing significant losses. “Phir aisa kya ghor paap kar raha Lenskart, bhaiya?” he asked, rhetorically.

Sharma

See Full Page