India Edition

Few Takers for Lenskart Shares on Debut; AI Firms Ramp Up in India

Investors turn picky on valuations; tribe of AI believers growing.

Lenskart CEO Peyush Bansal at the listing ceremony on Nov. 10. Photographer: Dhiraj Singh/Bloomberg

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By Menaka Doshi and Sankalp Phartiyal

November 10, 2025 at 11:15 AM UTC

Welcome to India Edition; Bloomberg’s daily dive into what’s moving the worlds of business, markets and politics in this dynamic, fast-paced economy. I’m Menaka Doshi . If you didn’t receive this directly in your inbox, you can subscribe here , and share feedback with me here .

Today marks two important debuts. You’re reading the first daily issue of India Edition, in which I’ll start you off with my take on the day’s most important stories and then serve up reporter insights from across the India newsroom.

The other noteworthy debut today was Lenskart’s — among the most contentious IPOs of the year. The eyewear retailer listed at a 12% discount to its offer price and ended the day flat — disproving both critics and supporters of the company’s eye-popping valuation of 238 times trailing earnings.