IPO-bound Lenskart’s founders to draw total ₹12-cr annual salaries
As Lenskart prepares to go public, the company has formalized compensation for its top management. The news has emerged that the co-founders of Lenskart will draw a total of ₹12 crore (approximately $1.6 million) as annual salaries, effective from April 1, 2025. This significant development comes as the IPO-bound firm secured shareholder approval to raise ₹2,150 crore (approximately $285 million).
According to reports, founder and CEO Peyush Bansal will draw ₹6 crore (approximately $790,000) per year, while co-founders Neha Bansal and Amit Chaudhary will each receive ₹3 crore (approximately $395,000) per year. This compensation package is a significant increase from the previous years, reflecting the company’s growth and success.
Lenskart has been on a rapid growth trajectory in recent years, thanks to its innovative business model and strong brand presence. The company has expanded its operations to over 1,000 stores across India and has established itself as a leading player in the eyewear market. The upcoming IPO is expected to be a major milestone for the company, providing an opportunity for investors to tap into its growth potential.
The compensation package for the top management is a significant development, as it reflects the company’s commitment to retaining its key talent. Peyush Bansal, Neha Bansal, and Amit Chaudhary have been instrumental in shaping the company’s strategy and growth, and their continued involvement will be crucial to the company’s future success.
Lenskart’s IPO is expected to be one of the most anticipated events in the Indian startup ecosystem this year. The company’s growth trajectory, coupled with its strong brand presence and innovative business model, makes it an attractive investment opportunity for investors. The IPO is expected to raise significant funds, which will be used to further expand the company’s operations and strengthen its market position.
The compensation package for the top management is also significant in the context of India’s startup ecosystem. The country has seen a surge in startup valuations in recent years, with many companies achieving unicorn status. The compensation package for Lenskart’s co-founders is reflective of the company’s growth and success, and sets a new benchmark for startup founders in India.
In conclusion, the news of Lenskart’s co-founders drawing a total of ₹12 crore (approximately $1.6 million) as annual salaries is a significant development in the Indian startup ecosystem. The company’s growth trajectory, coupled with its strong brand presence and innovative business model, makes it an attractive investment opportunity. The compensation package for the top management is reflective of the company’s commitment to retaining its key talent and sets a new benchmark for startup founders in India.
