Peyush Bansal, the man behind Lenskart, is an Indian entrepreneur, and one of India’s leading online retailers for eyewear. Have you watched him on the famous TV show named Shark Tank India? Well, if you are keen to know more about him then this article is precisely for you. In this article, we will discuss each and everything related to this Peyush Bansal in detail. Truly, we will try to elaborate as much as we can to provide you the enough accurate information. Let’s embark on the journey with the hard life struggles of him. Therefore, reading this article is a must to read until the article ends. Hence, let’s roll in and continue reading.
Table of Contents
Who is Peyush Bansal?
He was born on April 26, 1985. Indeed, that makes him 39 years old as of writing now. He is an Indian entrepreneur, business executive and an angle of investor. Further, he is the co-founder and CEO of Lenskart, an Indian optical eyewear retail chain. Furthermore, based in Gurugram. Plus, he is also a shark in the Famous TV show named Shark Tank India. He was born into a Hindu family. The names of his parents are Kishan Bansal and Kiran Bansal. After that, he finished his education in India but he went abroad to continue his studies. He studied at McGill University in Montreal, Canada.
Later, he got a job at Microsoft, but he quit his job to start his business. Therefore, far along he started his own venture selling eyewear online in the USA. After some time, he also started another venture named Valayoo Technologies. Indeed, he is a self-made who has worked against all odds. With his great sense of business skills, he has built a successful company from the scrap.
Early Life & Education
Peyush has passed out of Canada with an electrical Engineering degree from McGill University. After that, he began his career by working at Microsoft after he got his degree. Evidently, he admires Bill Gates with his heart. Indeed, he had a childhood dream of working for his business. When he was working at Microsoft, he developed concepts that enhanced his experience. Later in 2007, he decided to quit his job and return to his native place. In India, he worked with a prominent and successful company between amidst 2007 and 2009. Further, he was also given a management degree by the Indian Institute of Management, Bangalore.
Brawls of Lenskart
He has an entrepreneurial itch, that’s why he left his high-paying job at Microsoft. Therefore, he approached many professionals to start his business to start a company to cater to a variety of needs. He launched the first project website named searchmycamous.com, in January 2008. In this business, he made his initial investment of 25 lakh rupees. After, communicating with a few students of Delhi University. Furthermore, he started working while he was pursuing his post-graduation. The websites addressed the issues including housing, internships, part-time employment, and many more. Well along, he detected the issue that companies were ignoring the optical sector. Certainly, it inspired him to take extra action and address more substantial issues.
By keeping this in mind, he started Flyrr.com in the United States. There he had immense success and he chose to expand his business and wanted to expand business in India. Therefore, he launched his business in India in 2010. Hence, he founded Lenskart along with Amit Chaudhary and Sumeet Kapahi. In the initial days, they sold contact lenses on prescription. After that, in 2011, they started selling sunglasses and eyeglasses. Recently in an interview, he wants to provide vision correction assistance to people throughout India. Second, he wants to conduct about 15000 eye exams daily. With this brand called Lenskart, they offers eyewear at reasonable prices, fashionable and high quality. Currently, they have an employee more than 5000 thousand. Additionally, the brand works in more than 1400 locations. With an evaluation of $4.5 billion. In 2019, they have joined the unicorn club.
Peyush Bansal in shark tank
He is one of the most successful entrepreneurs in India at the age of 39. Evidently, he became one of the judges of the business reality show Shark Tank India- seasons 1 to 3. Further, he became popular among the audience because of empathy, knowledge and thoughtfulness. With this show, he became a hero for many Indians. Plus, he inspired many youngsters through his journey of hard work.
Net worth
Lens kart valuation is at more than $4.5 billion based on recent funding rounds. As per the fiscal years, they expanded 260 crores in FY23. The largest shareholders of Lenskart are ADIA, SoftBank Vision, Kedaara Capital, TR Capita, Alpha Wave Global, Premji Invest, and many more.
| Venture Capitalist | Funding Amount |
| ADIA | Rs.4,100 crore |
| DSP Mutual Fund | Rs.320 crore |
| Ravi Modi Family Trust | Rs.100 crore |
| Avendus Capital, Temasek Holdings | Rs.220 crore |
| Alpha Wave Incubation, Epiq Capital | Rs.760 crore |
| Alpha Wave Global, Temasek Holdings | Rs.1,650 crore |
| SoftBank Vision Fund | Rs.2,255 crore |
| Kohlberg Kravis Roberts | Rs.779 crore |
| Kedaara Capital | Rs.451 crore |
Conclusion
In conclusion, we have talked about Peyush Bansal from his early life to his Lenskart journey in brief. No doubt! He has worked hard to make his business successful. Evidently, by understanding the gap in the eyewear business, he reaches out to the people through his innovative approach. That brings us to the end of this article. if you found this article informational then let us know with your comments. Toddles!
Trivia
He is an Indian entrepreneur and co-founder of Lenskart which is an eyewear chain.
He grew up in a middle-class family.
Before he started his graduation, he started working as a program manager at Microsoft, and Redmond Washington.
He started the Lenskart along with Amit Chaudhary, and Sumeet Kapahi.