Flying Beast, aka Gaurav Taneja, has taken a strong dig at Piyush Bansal for Lenskart’s high IPO Valuation. Recalling the natural trend of Shark Tank, where judges scrutinize participants for asking even moderately high valuations, Gaurav Taneja raised eyebrows at the valuation requested by Lenskart for their IPO, especially when the company reported a Rs 297 crore profit, of which Rs 160 crore was a one-time profit.

Taneja questioned Lenksart’s P/E Ratio of around 235, calling it significantly risky, especially since a huge chunk of the profit is one-time only.

In his latest vlog, Taneja also spoke about the harsh judgments that he received on his Shark Tank episode. He opines that he was forced to reveal his income sources from YouTube and vlogging despite his reluctance, and that Sharks did not trust him despite a strong performance by his company, BeastLife, backed by numbers.

Nobody works 20 hours a day : Gaurav Taneja

Taneja also took a subtle dig at Piyush Bansal for claiming on the Shark Tank episode that he still works 20 hours a day. Taneja opines that nobody works so much and that founders mostly handle leadership responsibilities after the company has achieved growth.

This is what Piyush Bansal said on the Shark Tank Episode

“Gaurav, I think you are a power entrepreneur. And you said that you use your time very efficiently and I have no doubt as it is visible with what you have achieved in such a less time. I have been running Lenskart since 15 years, I still work 20 hours a day. My only break from my company is Shark Tank and even in this schedule I am engaged in phone calls and then do meetings in the morning before coming to the shoot.”
— This is what Piyush Bansal said on the Shark Tank Episode

Taneja admits that he shouldn’t have said about wanting to work fewer hours in the future, as it does not appeal to the investors. Taneja has previously said on the Shark Tank episode that he wants to take his business to a level where he can make money even when he is asleep. Anupam Mittal laughed it off and replied to Taneja that he is a good influencer but a terrible entrepreneur.