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SoftBank’s Sumer Juneja has stepped down from IPO-bound omnichannel eyewear retailer Lenskart’s board.
Meanwhile, Sayali Karanjkar and Ashish Kashyap have joined as independent directors, as per Lenskart’s MCA filings assessed by Inc42.
Moneycontrol reported the development first.
As per her LinkedIn profile, Karanjkar has cofounded PaySense and Outsy. Also, she has been the chief business officer of ElasticRun for nine months. Currently, she is the independent director with MobiKwik and CMS Info Systems.
On the other hand, Kashyap has founded multiple brands such as redBus, Goibibo and INDmoney. Holding an overall experience of more than 25 years, he has also worked with companies such as Google and Times Internet.
Notably, SoftBank’s exit from Lenskart’s board while it is preparing to go public comes at the trend of its other exits from companies close to its IPO listing or shortly after, similar to the cases of Paytm, Meesho, PB Fintech and Swiggy.
Further, the company’s shareholders also approved to raise INR 2,150 Cr ($248.7 Mn) through a fresh issue of shares as part of the IPO.
(The story will be updated soon.)
The post SoftBank’s Sumer Juneja Steps Down From IPO-Bound Lenskart Board appeared first on Inc42 Media.
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