When Peyush Bansal spent more than Rs 200 crore to buy back Lenskart shares from investors at a deep discount, it wasn’t just a bold trade. It was a rare  move few founders manage. He essentially clawed back equity before heading into an IPO.

And this extra stake pushed him into “promoter” status, a role many startup leaders once avoided but are now racing to embrace.

Why the sudden shift? What does it reveal about founders, investors, and regulators in India’s IPO boom?

Tune in.

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