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Omnichannel eyewear retailer Lenskart is likely to issue additional shares to its founder and CEO Peyush Bansal through a structured payout arrangement, which could increase his stake in the public markets-bound company by 1.5-2%, said people briefed on the development.
Bansal and his wife Neha Bansal, also a cofounder, currently hold a combined stake of about 12-13% in the firm.
The move reflects a broader trend among consumer tech and internet companies, such as Zomato (now Eternal), Swiggy, Delhivery, PB Fintech and Freshworks, which have awarded…
