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Quant Mid Cap Fund dumps Lenskart NMDC and SBI Cards while quietly betting big on SAIL

Quant Mid Cap Fund dumps Lenskart NMDC and SBI Cards while quietly betting big on SAIL

Quant Mid Cap Fund exited Lenskart Solutions completely in April, along with full exits from NMDC and SBI Cards and Payment Services, according to its monthly disclosure. The Lenskart sale coincided with days of boycott calls after allegations about curbs on religious symbols at stores—later addressed through clarifications and a revised “In-Store Style Guide.” The fund simultaneously added Steel Authority of India, increased exposure to Reliance Industries, and shifted sector allocations toward healthcare and iron and steel.

Summarised by Beize from a story on The Economic Times on 16 May 2026
Alpha Wave trims Lenskart stake by 2.46 but analysts stay upbeat on growth prospects

Alpha Wave trims Lenskart stake by 2.46 but analysts stay upbeat on growth prospects

Alpha Wave Ventures has cut its stake in Lenskart by selling 2.46% in a major open market transaction. While the move signals a shift in the investor’s positioning, analysts argue Lenskart’s long-term outlook remains strong, pointing to revenue growth potential, scale benefits, and an improving path toward profitability.

Summarised by Beize from a story on The Economic Times on 11 May 2026

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Lenskart Lock In Ends and Investors Dump Shares Worth ₹3861 Crore in Block Deals

Lenskart Lock In Ends and Investors Dump Shares Worth ₹3861 Crore in Block Deals

Lenskart’s six-month IPO lock-in expired, prompting existing backers to sell shares worth at least ₹3,861.1 crore through multiple block deals. NSE data shows sales of at least 8.15 crore shares at ₹473.4 each. The deals were executed about 3.7% below the stock’s BSE closing price, even as the shares ended the day slightly higher.

Summarised by Beize from a story on Inc42 on 9 May 2026
Lenskart IPO lock in ends today as Rs 51000 crore shares enter trading do you own

Lenskart IPO lock in ends today as Rs 51000 crore shares enter trading do you own

About 104.7 crore Lenskart shares worth more than Rs 51,000 crore become tradable today after a six month lock in expiry. The eyewear retailer’s stock has rebounded sharply since its muted listing, even as it faced social media backlash and later policy changes around religious symbols. Investors will now watch trading volumes and price moves closely.

Summarised by Beize from a story on The Economic Times on 8 May 2026
Lenskart row over grooming policy Peyush Bansal admits wording lapse but backs religious symbols

Lenskart row over grooming policy Peyush Bansal admits wording lapse but backs religious symbols

Peyush Bansal, founder of Lenskart, addressed backlash after a screenshot of an internal grooming policy went viral. He said the document doesn’t match the company’s current guidelines and clarified that employees can wear religious symbols like bindis and tilak. Bansal framed the issue as a language lapse, not a rule against cultural expression.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
How New Age India startups like Lenskart are raising billions by going brick and mortar

How New Age India startups like Lenskart are raising billions by going brick and mortar

After disrupting online shopping, many India New Age startups are shifting back to bricks-and-mortar. From Lenskart to Physics Wallah, they’re opening stores to build consumer trust through face-to-face service. The move is increasingly tied to how founders attract fresh investment, suggesting lasting growth may come from a counter, not only clicks.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

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