Delhi University denies getting request from Lenskart’s Sumeet Kapahi for degree certificate
In a recent development, the University of Delhi has denied receiving a request from Sumeet Kapahi, co-founder of eyewear startup Lenskart, to retrieve his BCom degree certificate ahead of the company’s initial public offering (IPO). The news has raised eyebrows, as it is not uncommon for entrepreneurs to request academic records to prove their credentials, especially in the context of a public listing.
According to reports, a person named Deepesh recently paid a fee in the miscellaneous section to procure a duplicate marksheet in Sumeet Kapahi’s name. However, the University of Delhi has clarified that it did not receive a formal request from Kapahi himself to issue a duplicate degree certificate or academic records.
In a statement, the University of Delhi said, “We have not received any request from Sumeet Kapahi for his degree certificate or academic records. However, we have received a request from a person named Deepesh who has paid the fee in the miscellaneous section for issuance of a duplicate marksheet in Sumeet Kapahi’s name.”
The University has also asked Kapahi to complete the application process for his degree certificate through the official portal. This raises questions about the authenticity of the request and whether Kapahi was aware of the payment made by Deepesh in his name.
Lenskart, which is valued at over $3 billion, is set to go public through an initial public offering (IPO) in the coming months. The company’s co-founders, Sumeet Kapahi and Peyush Bansal, have been instrumental in the firm’s growth and success. The duo has been part of several high-profile deals and investments, and their academic records are likely to be scrutinized by investors and analysts.
The development has sparked concerns about the legitimacy of the request and the potential implications for Lenskart’s IPO. Some experts believe that the University’s denial of receiving a formal request from Kapahi could be a red flag for investors, who may view the situation as a potential conflict of interest.
“It’s unusual for a person to pay a fee in someone else’s name for a degree certificate or academic records,” said a financial expert, who wished to remain anonymous. “It raises questions about the authenticity of the request and whether it was done with the knowledge and consent of Sumeet Kapahi.”
Lenskart’s IPO is expected to be a significant event in the Indian startup ecosystem, with the company seeking to raise funds to expand its operations and increase its market share. The company’s success has been attributed to its innovative business model, which combines online and offline channels to offer a range of eyewear products.
As the company prepares to go public, investors and analysts will be closely scrutinizing its financials, business model, and management team. The recent development regarding Sumeet Kapahi’s degree certificate has added another layer of complexity to the situation, and it remains to be seen how the company will address the issue.
In conclusion, the University of Delhi’s denial of receiving a request from Sumeet Kapahi for his degree certificate has raised concerns about the legitimacy of the request and the potential implications for Lenskart’s IPO. While the company’s co-founders have been instrumental in its growth and success, the recent development has added a layer of complexity to the situation. As Lenskart prepares to go public, it will be important to monitor the situation and see how the company addresses the issue.
Source:
