Lenskart’s upcoming IPO has revealed an unusual red flag: one of its co-founders and promoters, Sumeet Kapahi, cannot locate his college degree—and the issuing university isn’t responding either. The eyewear retailer has disclosed this as a formal risk factor in its Draft Red Herring Prospectus (DRHP) filed with SEBI.Kapahi, who serves as Lenskart’s Global Head of Sourcing, has been unable to retrieve his Bachelor of Commerce (Honours) degree and marksheet from the University of Delhi, despite repeated efforts. The company notes that while Kapahi has completed the degree in question, the lack of documentation and verification compelled Lenskart to flag the issue in its regulatory filing.
“The University of Delhi has not responded to follow-up communications,” the DRHP states.
“The University of Delhi has not responded to follow-up communications,” the DRHP states.
Lenskart DRHP
One of the Promoters, Sumeet Kapahi, couldn’t find his B-Com (Hons) degree and marksheet from the University of Delhi.He is also the Global Head of Sourcing for Co pic.twitter.com/Im0gtysXn1– Mangalam Malo (@blitzkreigm) July 29, 2025
Backed by marquee investors including SoftBank, Temasek, and ChrysCapital, the eyewear retailer is planning to raise ₹2,150 crore through a fresh issue and an additional 13.22 crore shares via an offer-for-sale route. The company was last valued at around $5 billion.
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(Edited by : Ajay Vaishnav)
