Does Lenskart Deserve a ₹70,000 Crore Valuation at IPO? - Indian Startups News 285
0:00 Intro0:44 Lenskart IPO - The Next Paytm?
4:20 Bira91 Loses Control of The Beer Café
6:56 Quick Update: Boat IPO
7:21 Quick Update: Curefoods & Milky Mist IPOs
7:30 Quick Update: Ola Electric’s 4680 Bharat Cell
8:08 Quick Update: Zetwerk’s $100M Lawsuit
8:41 Weekly Funding News
This week on Backstage with Millionaires, we’re breaking down Lenskart’s long-awaited IPO — and why its ₹70,000 crore valuation and P/E ratio of 235 have everyone comparing it to Paytm’s disastrous public debut. Is this India’s next consumer success story, or another overhyped tech IPO? We dive deep into Lenskart’s financials, insider share purchases, and the debate around its real value.
We also talk about how Bira91 lost control of The Beer Café to its own investors after a severe cash crunch — a story that shows how quickly founders can lose control when debt piles up and licenses go wrong.
Then, in our Quick Updates, we cover:
Boat cutting its IPO size to ₹1,500 crore.
Curefoods and Milky Mist receiving SEBI approval for their upcoming public issues.
Ola Electric getting ARAI certification for its in-house 4680 Bharat Cell and opening up its service network to independent garages.
Zetwerk filing a $100 million lawsuit against ex-executives and their new company Ayr Energy for alleged data theft.
Finally, in our Weekly Funding News, we highlight the $100 million raised by Indian startups this week — including Snabbit, Optimo Capital, Tsuyo Manufacturing, Openhouse, and Beyond Renewables.
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