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Lenskart’s vision for the future is a lofty one—becoming the Amazon of eyewear. The eyewear retailer is banking on a strong debut at the bourses for its upcoming IPO on October 31, with a price band of Rs 382 to Rs 402 per share, bringing the IPO's size to Rs 7,278.01 crore at the upper end. This would value the company at nearly $8 billion at the upper end. The co-founders are set to reap the biggest gains. Co-founder and CEO Peyush Bansal's stake, valued at Rs 322 crore, is now worth Rs 6,964 crore, while co-founder and executive director Neha Bansal’s holdings, worth Rs 98 crore, are now worth Rs 5,156 crore. That’s a 2,061% and 5,189% gain in returns, respectively! Speaking of Amazon, it too has hit a major milestone in its India exports journey. The ecommerce giant has crossed its 2025 target with over $20 billion in cumulative ecommerce exports through its Amazon Global Selling programme, and has set its sights on an $80 billion goal by 2030. Lastly, a Malaysian Pokemon collector is taking the trading world by storm after he put up his rare card collection for sale for a whopping RM1.87 million (about Rs 3.8 crore). Whoever said games don’t pay? In today’s newsletter, we will talk about ID Fresh Food’s profit surges Bolt.Earth driving India’s EV revolution Seven years of #MeToo Here’s your trivia for today: What technology did American actress Hedy Lamarr invent that aided in WWII? ID Fresh Food’s profit surges ID Fresh Food Pvt. Ltd., the maker of ready-to-cook and freshly prepared food products such as idli-dosa batter and parottas, posted a sharp rise in profit for the year ended March 2025, as strong revenue growth and a one-time tax credit lifted its bottom line. Consolidated net profit surged to Rs 50.75 crore, up from Rs 4.43 crore in FY24, according to the company’s latest financial statements. The jump was primarily driven by a Rs 24.89 crore deferred tax credit, which boosted post-tax earnings even as operating costs continued to climb. Key takeaways: Revenue from operations grew 22% to Rs 681.38 crore, compared with Rs 557.85 crore in the previous year. Nearly all of ID Fresh Food's income came from product sales, while other operating revenue, such as scrap sales and export incentives, contributed just Rs 49 lakh. While ID Fresh doesn’t disclose category-wise revenue, industry observers estimate that idli-dosa batter products account for nearly half its sales, followed by parottas, chapatis, and dairy products such as paneer and curd. India remains the company’s largest market, contributing about 85–90% of sales, with exports to the UAE, US, and Singapore. Funding Alert Startup: HYDGEN Amount: $5M Round: Equity and debt Startup: Neulife Amount: $1M Round: Seed Bolt.Earth driving India’s EV revolution Bolt.Earth is a key player in India’s EV ecosystem. According to its Co-founder and CEO Raghav Bharadwaj, the company commands a 63% market share, having deployed over one lakh chargers across 1,800 cities and towns. By 2028, it aims to deploy 10 lakh chargers every year. Bolt.Earth operates on an Airbnb-style model for charging, whereby it partners with hosts such as apartments, commercial buildings, and office complexes to set up its charging stations. The firm is on track to rhea $5 million (~Rs 43 crore) in revenue this financial year and is looking to touch $20 million in revenue next year. Unlike captive networks like Ather Grid, which only charge their own vehicles, Blaze DC is universally compatible, Bharadwaj says. It handles all vehicle types and charging protocols, including Type 6 and Type 7 connectors with a single device. Inspiration Seven years of #MeToo Seven years after #MeToo upturned India’s power circles, journalist and feminist technologist Noopur Tiwari looks back at the movement—she believes it was never about catharsis but about confrontation. As the founder of Smashboard, a Paris- and Delhi-based feminist platform working at the intersection of technology and collective resistance, Tiwari has spent years advocating for the rights of survivors of sexual violence. News & updates Second chances: India’s Supreme Court allowed the government to reconsider billions of dollars in past dues owed by Vodafone Group Plc’s local venture, stoking revival hopes for the wireless operator that has been weighed down by this lingering dispute. New entrant: Qualcomm unveiled two artificial intelligence chips for data centres, with commercial availability from next year, as it pushes to diversify beyond smartphones and expand into the fast-growing AI infrastructure market. Investment: Amazon plans to invest 1.4 billion euros ($1.63 billion) in the Netherlands over the next three years, the company said. The investment is its largest in the Euro Zone’s fifth biggest economy since it launched its activities there in 2020. What technology did American actress Hedy Lamarr invent that aided in WWII? Answer: Disguising radio transmissions. She created a new way of frequency hopping that made a radio signal move between different channels on its way to its destination. We would love to hear from you! To let us know what you liked and disliked about our newsletter, please mail nslfeedback@yourstory.com. If you don’t already get this newsletter in your inbox, sign up here. For past editions of the YourStory Buzz, you can check our Daily Capsule page here.
