0:00 Intro
0:44 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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Peopel comparing titan with entry level lenskart…. if u expect a quality product at 800 rs then u are a fool not thr company lenskart top version is great
No where Lenskart can be valued for USD 9 Billion. First of all Lenskart Jayanagar, Bengaluru Main Branche doesn't have AC insidex Frequentl Repair, No Oxygen, and No Stock of Frames…
Comparing Nvidia with Lenskart, I don't think is quite fair. I know it's too high of pe ratio but factors like how hard is to setup a business like that, whole logistics and compitators plays majour role in my opinion. Lenskart I think is almost a monopoly in this business even though tere are multiple better options out there but customer choise have been always towards lenskart. So I think lendskart does deserve higher pe than nvidia but 230 is also very high
I'm out i prefer to gamble instead of this
Sebi should Implement rule that fund managers should not invest in ipo for 1 year after listing. So retailer money will be saved from trap
Lenskart lenses are very bad. Local shops provide much better specs at less than half price.
167 is not even fee. It's just value adjustment. It's just one time accounting entry. Profit is actually 297-167=130 crs. Not going to participate, it will list negative
You can't buy Lenskart spec second time. Poor quality as compared to price. I have very bad experience. Titan quality is very good & price is also reasonable compared to quality.
2:47 It shows that the retail investors are paying 10-15 years of their future profit upfront to the VC.
भ्रष्ट मोदी एक धोखा है जिसने भारत की तरक्की को रोका है।