The high-profile listing of Lenskart has sparked yet another valuation debate across India’s capital markets, as Persistence Capital, an alternative investment fund, publicly announced that it chose to skip participation in the eyewear retailer’s IPO. The fund’s candid disclosure on X (formerly Twitter) has added a new twist to the ongoing conversation about inflated valuations and shifting investor sentiment in the consumer-tech IPO space. Advertisement

In its post, Persistence Capital stated, “We are proud to say that we also skipped this IPO. We will not comment on whether we were approached in the first place.” The declaration quickly gained traction among market watchers, many of whom view it as a rare public stand by a domestic fund amid what has been a frenzy of institutional inte

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