Latest news with #SumeetKapahi
Hindustan Times
a day ago
- Business
- Hindustan Times
DU denies receiving request from Lenskart's Kapahi for academic records
New Delhi, The Delhi University on Thursday said it has not received any formal application from Lenskart co-founder Sumeet Kapahi for duplicate copies of his degree and marksheets, contradicting claims made in the eyewear company's draft IPO filing. DU denies receiving request from Lenskart's Kapahi for academic records In a statement issued in response to Lenskart's Draft Red Herring Prospectus , the Delhi University clarified that its examination wing conducted a detailed search but found no official communication — either physical or digital — from Kapahi. 'The Examination Wing of the University of Delhi has diligently examined the matter and searched for any communication from the applicant… It was found that no communication has been done by the applicant named 'Sumeet Kapahi',' the university said. The statement added that a payment under the 'miscellaneous' section had been made on July 16, 2025 by an individual named 'Deepesh', who mentioned Kapahi's name while applying for a duplicate marksheet older than six years. However, this alone did not constitute a formal application, the DU clarified. 'It has been found that the applicant/student Mr Sumeet Kapahi has not filled the online/offline form and has not applied formally for the duplicate degree and marksheets. The applicant is advised to apply on the university portal and submit the appropriate fee,' the university said, providing the necessary web link for the process. The clarification comes after Lenskart disclosed in its DRHP that Kapahi, currently the company's Global Head of Sourcing, had been unable to trace his academic documents and had reached out to the university multiple times via email, letter and online portal. 'There can be no assurances that he will be able to trace the relevant documents… in future or at all,' the prospectus had noted. Kapahi, who has been with Lenskart since 2011, played a key role in sourcing and supply chain management. Prior to joining Lenskart, Kapahi worked with Ray-Ban Sun Optics India. Gurugram-based Lenskart filed the DRHP with Sebi on Monday, proposing to raise ₹2,150 crore through a fresh issue of shares in addition to an offer-for-sale of 13.22 crore shares by promoters and investors. This article was generated from an automated news agency feed without modifications to text.
News18
a day ago
- Business
- News18
DU denies receiving request from Lenskart's Kapahi for academic records
New Delhi, Jul 31 (PTI) The Delhi University on Thursday said it has not received any formal application from Lenskart co-founder Sumeet Kapahi for duplicate copies of his (Hons) degree and marksheets, contradicting claims made in the eyewear company's draft IPO filing. In a statement issued in response to Lenskart's Draft Red Herring Prospectus (DRHP), the Delhi University (DU) clarified that its examination wing conducted a detailed search but found no official communication — either physical or digital — from Kapahi. 'The Examination Wing of the University of Delhi has diligently examined the matter and searched for any communication from the applicant… It was found that no communication has been done by the applicant named 'Sumeet Kapahi'," the university said. The statement added that a payment under the 'miscellaneous' section had been made on July 16, 2025 by an individual named 'Deepesh", who mentioned Kapahi's name while applying for a duplicate marksheet older than six years. However, this alone did not constitute a formal application, the DU clarified. 'It has been found that the applicant/student Mr Sumeet Kapahi has not filled the online/offline form and has not applied formally for the duplicate degree and marksheets. The applicant is advised to apply on the university portal and submit the appropriate fee," the university said, providing the necessary web link for the process. The clarification comes after Lenskart disclosed in its DRHP that Kapahi, currently the company's Global Head of Sourcing, had been unable to trace his academic documents and had reached out to the university multiple times via email, letter and online portal. 'There can be no assurances that he will be able to trace the relevant documents… in future or at all," the prospectus had noted. Kapahi, who has been with Lenskart since 2011, played a key role in sourcing and supply chain management. Prior to joining Lenskart, Kapahi worked with Ray-Ban Sun Optics India. Gurugram-based Lenskart filed the DRHP with Sebi on Monday, proposing to raise Rs 2,150 crore through a fresh issue of shares in addition to an offer-for-sale of 13.22 crore shares by promoters and investors. PTI MHS AS AS view comments First Published: July 31, 2025, 18:15 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Time of India
a day ago
- Business
- Time of India
No communication found from Lenskart cofounder seeking DU degree, says university
The University of Delhi on Thursday said that it has not received any formal request or communication from Lenskart cofounder Sumeet Kapahi regarding the issuance of his Bcom (Hons) degree or cofounder and promoter Sumeet Kapahi has been unable to trace his Bcom (Hons) degree and marksheets from the University of Delhi, the company revealed in its IPO filing on Monday (July 28).The curious case of the missing degree was mentioned in the Draft Red Herring Prospectus (DRHP) filed by Lenskart with the capital market regulator Securities and Exchange Board of India ( Sebi ).In a statement, the Examination Wing of the university said it had thoroughly examined its records--both physical and email-based--but found no trace of any correspondence from Kapahi."After careful verification, it has been found that no communication--either physical or through email--has been received from the applicant named Sumeet Kapahi regarding issuance of duplicate degree or marksheets," the university further clarified that a payment was made under the "miscellaneous" section by a person named Deepesh on July 16, 2025, for issuance of a duplicate marksheet (more than six years old), in which Kapahi's name was mentioned. However, this was not accompanied by a formal application from Kapahi."The applicant/student Sumeet Kapahi has not filled the online/offline form and has not applied formally for the duplicate degree and marksheets," the statement university has advised Kapahi to apply through the official portal.
Economic Times
2 days ago
- Business
- Economic Times
Lenskart cofounder Sumeet Kapahi unable to 'trace' Delhi University's degree
Agencies Sumeet Kapahi, cofounder, Lenskart In a surprising disclosure, eyewear giant Lenskart has revealed that Sumeet Kapahi, one of its cofounders and promoters, has been unable to locate copies of his Bachelor of Commerce (Honours) degree and marksheets from the University of Delhi. The revelation was made in the company's draft red herring prospectus (DRHP) filed with markets regulator Sebi as part of its proposed initial public offering (IPO). Also Read: Lenskart IPO: Founder Peyush Bansal buys back company shares at steep discount ahead of going public According to the draft documents filed on Monday, Kapahi, who currently serves as the company's Global Head of Sourcing, has made several efforts to retrieve the documents. He has written multiple e-mails and a letter to the university, and has also applied for copies of the marksheets through the university's online portal. However, a response is awaited. The company noted that there is no assurance that the University of Delhi will respond to these communications in a timely manner or at all. "One of our promoters, Sumeet Kapahi, who is also the Global Head of Sourcing of our company, has been unable to trace the copies of his (Hons) degree and marksheets from the University of Delhi," the draft prospectus stated. "Further, there can be no assurances that he will be able to trace the relevant documents pertaining to his educational qualifications in future or at all," it added. Kapahi has been associated with Lenskart since September 2011, where he is responsible for developing and planning sourcing strategies, managing supplier relationships, and driving cost optimization. Prior to joining Lenskart, Kapahi worked with Ray-Ban Sun Optics India. In fiscal 2025, he received a total compensation of Rs 2.24 crore, which includes provisions for incentives amounting to Rs 50 lakh payable in fiscal 2026. On Monday, Gurugram-based Lenskart filed preliminary papers with Sebi seeking its approval to raise funds through an IPO. The IPO involves raising Rs 2,150 crore through fresh issuance of equity shares. Besides, promoters and investors would offload 13.22 crore shares. Also Read: IPO-bound Lenskart buys 80% stake in Spain's Meller for Rs 407 crore Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. Jane St: How an options trader smelt a rat when others raised a toast Regulators promote exchanges; can they stifle one? Watch IEX TCS job cuts may not stop at 12,000; its bench policy threatens more From near bankruptcy to blockbuster drug: How Khorakiwala turned around Wockhardt Stock Radar: SBI Life rebounds after testing 50-DEMA; could hit fresh record highs above Rs 2,000 – check target & stop loss These 10 banking stocks can give more than 25% returns in 1 year, according to analysts Two Trades for Today: A metals stock for an over 6% gain, a large-cap chemicals maker for about 7% upmove F&O Radar| Deploy Broken Wing in LIC Housing Finance to benefit from bearish outlook
Time of India
2 days ago
- Business
- Time of India
Lenskart cofounder Sumeet Kapahi unable to 'trace' Delhi University's degree
In a surprising disclosure, eyewear giant Lenskart has revealed that Sumeet Kapahi , one of its cofounders and promoters, has been unable to locate copies of his Bachelor of Commerce (Honours) degree and marksheets from the University of revelation was made in the company's draft red herring prospectus (DRHP) filed with markets regulator Sebi as part of its proposed initial public offering ( IPO ).According to the draft documents filed on Monday, Kapahi, who currently serves as the company's Global Head of Sourcing, has made several efforts to retrieve the has written multiple e-mails and a letter to the university, and has also applied for copies of the marksheets through the university's online portal. However, a response is company noted that there is no assurance that the University of Delhi will respond to these communications in a timely manner or at all."One of our promoters, Sumeet Kapahi, who is also the Global Head of Sourcing of our company, has been unable to trace the copies of his (Hons) degree and marksheets from the University of Delhi," the draft prospectus stated."Further, there can be no assurances that he will be able to trace the relevant documents pertaining to his educational qualifications in future or at all," it has been associated with Lenskart since September 2011, where he is responsible for developing and planning sourcing strategies, managing supplier relationships, and driving cost optimization. Prior to joining Lenskart, Kapahi worked with Ray-Ban Sun Optics fiscal 2025, he received a total compensation of Rs 2.24 crore, which includes provisions for incentives amounting to Rs 50 lakh payable in fiscal Monday, Gurugram-based Lenskart filed preliminary papers with Sebi seeking its approval to raise funds through an IPO involves raising Rs 2,150 crore through fresh issuance of equity shares. Besides, promoters and investors would offload 13.22 crore shares.
