Peyush Bansal, the founder and CEO of Lenskart is been trolled by Ashneer Grover for pitching Lenskart on Sony show Shark Tank India.
Peyush Bansal Trolled by Ashneer Grover:
Peyush introduced himself and told them to imagine it is the year 2010. SUGAR Cosmetics co-founder and CEO Vineeta Singh pulled his leg and said that his logo is very ‘basic’.
About the conversation:
Taking the conversation forward, the Lenskart CEO asked the ‘sharks’ for ₹1 crore in exchange for 1% equity in his company. Vineeta jokes, “75% apne business ka doge (Will you give 75% equity)?”, leaving everyone in splits.
BharatPe co-founder and managing director Ashneer Grover, who is known for being brutal with his feedback to contestants, said in jest, “Aap hamari aankhon mein dhool jhonk rahe ho kuch (You are deceiving us somehow).”
Shaadi.com founder and CEO Anupam Mittal immediately teased his fellow ‘shark’, “Arre, lekin tum ho kaun poochne wale? 2010 hai. Kaun hai Ashneer (But who are you to ask? It is 2010. Who is Ashneer)?” Ashneer cracked up and said that he did not know the answer either.
Peyush speaks on Lenskart:
During a virtual press conference for Shark Tank India, Peyush recalled how he started Lenskart, now valued at $5 billion or ₹37,500 crore, from his garage. “Car bahar nikaali aur usko office mein convert kiya (I took my car out and converted my garage into an office). For almost four years of my entrepreneurship journey, there was no question of money, investment or equity.
I didn’t even know about these things, to be honest,” he said. He added that back then, the only thing on his mind was to earn enough through sales to be able to pay everyone their salaries.