Lenskart's all set for its IPO but the franchisees behind its success want to drag it to court
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Show Notes
Lenskart has grown into one of Asia’s biggest eyewear companies and is now gearing up for a massive IPO. It is aiming to raise ₹2,150 crore through a fresh issue as part of an ₹8,000 crore public offering.
But as the company prepares to go public, a storm is brewing behind the scenes.
A group of former franchise store owners is accusing Lenskart of unfair practices and even fraud. They're alleging they were kept in the dark about store finances and undercut by company-owned outlets opening next door.
Now, these franchisees are pushing the Karnataka High Court to reopen an investigation into the company even as Lenskart insists it’s a contractual dispute.
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