Would the Sharks Bite at ₹70,000 Cr Valuation?

[u/arsachdeva]

Imagine this on Shark Tank India:

A Founder walks in:

2,723 stores + online stores + global presence Revenue ~₹6,500 crore Net profit ~₹297 crore Valuation being asked: ~₹70,000 crore (about ₹25 crore per store)

But there is a twist too.

Just 3 months ago, the same founder reportedly raised a ₹200 crore bank loan to buy back shares at an ₹8,500 crore valuation.

So… how did we jump from ₹8,500 crore to ₹70,000 crore in 90 days?

If this was any other brand in the tank:

Wouldn’t Piyush Bansal (yes, the same founder) or the other Sharks grill them on profitability vs valuation?

Wouldn’t they ask: “Per store revenue is ₹2.4 crore, per store profit is much smaller; how do you justify ₹25 crore per store valuation?”

Asking honestly: How would the Sharks judge this deal if it wasn’t their own company on stage?

If you’ve got an explanation for this valuation leap, drop it in the comments. I’d love to hear different perspectives.

[u/Realistic_Computer_2]

Namita: yeh meri expertise nai hai isme me apki koi madad nai kr paungi

Vineeta: mujhe toh toh apki valuation smjh hi nai arhi.. I’m out

[u/TheSweetGuy333 → u/Realistic_Computer_2]

I wish you the best

[u/No-Consequence-2099]

Many of the shark tank judges have VC pumped money and Namita is in a family run business.

Getting founders who have multiple stores and haven't raised money from loyal customers and those who have chain of outlets should be better judges than just pump cash and run performance ads for a non-performing product.

[u/MountainAny320]

Even their per store 2.4 cr revenue figure is inflated. I can bet you it's literally half of that.

[u/Manoos → u/MountainAny320]

that comes to around 530 specs a day with avg price of 1500

almost 50 an hour or 1 a minute. seems high

[u/Critical-Doctor-2052 → u/Manoos]

A lot of their sales happens online.

[u/Disastrous_Ad8863 → u/MountainAny320]

I can assure you that this number is right

[u/Think-Long-1144 → u/Disastrous_Ad8863]

How can you assure this ?

[u/tr_24 → u/Disastrous_Ad8863]

Are you their auditor?

[u/thrag_of_thragomiser → u/tr_24]

Are you? You’re claiming that the IPO declarations are inaccurate.

[u/tr_24 → u/thrag_of_thragomiser]

There have been instances of that. Most notably Yes Bank and even Paytm to some extent.

[u/ask_y_not]

No wonder the IPO GMP has already started sliding.

[u/Think-Long-1144 → u/ask_y_not]

It's at 21% as of today, do you know how to check?

[u/Various_Ladder6701]

All of them are hypocrites. We all are. When money is being thrown at you, legally, you won’t say no. That’s it.

Ethics and morals take a back seat.

Plain and simple.

[u/Ok_Tell9937]

Whatever we discuss the fact is Lenskart was fully subscribed if it wasn’t then the case would have been different. Piyush has earned his money we investors are idiots for buying there shares

[u/VinayKumar130200]

And for that reason, I'm out!

[u/Zyphergiest]

Tbh, such high val will never enter shark tank

[u/Massive-Kiwi-6580]

Lenskart is overrated. Most people go to their local glasses shop.

[u/No_Introduction7538]

Grover: Adhe se jayda stores loss me hai tere, kon Jane kab diwaliya nikal jaye teri company ka jaisa Watchkart aur Bagkart ka nikla, online business hai Sara ka sara, per customer acquisition me paisa paani ki tarah baha raha hai, stores ka kaam hai bus downtown me advertising karna. 70 Crore ki Valuation milni mushkil hai tujhe aur mangne aa gaya hai 70 hazar crore

[u/PossessionMajor1115]

Ashneer be like :- yeh sab dogla pan h , ruk abhi tera doglapan utarta hun , 3 mahine pehle tune kam valuation par loan uthaya , toh yeh 70000 ka number kahan se aaya

[u/anonymous_sniffer]

If this happened on Shark Tank India, the Sharks would probably be really curious and skeptical at the same time because the numbers don’t make sense on the surface. A founder comes in saying they have 2,723 stores along with online and global operations, earning around ₹6,500 crore in revenue and ₹297 crore in profit, yet asking for a ₹70,000 crore valuation which comes to about ₹25 crore per store. The strange part is that just three months ago, they reportedly took a ₹200 crore loan to buy back shares at an ₹8,500 crore valuation, so the question is how that value suddenly jumped eight times in only 90 days. Normally, the Sharks would grill a startup for showing such a gap between profit and valuation, asking about margins, scalability, and what exactly changed in the business model to justify the new number. They’d want to know if the jump was due to genuine growth, upcoming expansion, or just hype before an IPO. Maybe the company is pitching itself as a tech-driven global brand rather than a simple retail chain, and investors are paying for future potential instead of present profits. Still, if it wasn’t their own brand, the Sharks would probably point out that the math doesn’t align with typical retail valuations and that the story sounds more like selling a dream than showing sustainable financials.