Peyush Bansal Founder and CEO of Lenskart | Stake and Holding of Peyush Bansal in Lenskart

Family of Peyush Bansal

Peyush Bansal founder and CEO of Lenskart, is a great Son too. Peyush Bansal came into the limelight after Lenskart gained huge popularity among the masses and in many interviews Peyush Bansal had mentioned how his father and mother played an important role in his success.

Peyush Bansal’s father is a Chartered Accountant, and he always wanted Peyush to study well and get settled like every other parent.

Peyush Bansal is a bright child from the beginning and he always wanted to do something big for his parents.

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Peyush Bansal’s parents always supported and believed in his dreams and this made Peyush confident he founded Lenskart.com with his friends Amit Chaudhary and Sumeet Kapahi in November 2010.

Amit Chaudhary, who is the co-founder of Lenskart, is a great and supportive friend too. Peyush seems to be a goal-oriented person and has no time for love. There is no data about any of Peyush Bansal’s girlfriends and no news about his marriage plans.

However, Peyush Bansal’s age is just 30 years old. He has achieved quite a huge fame among the youngsters as they find his journey very motivational and inspiring.

From nothing to the CEO, owner, and founder of Lenskart, Peyush has come a long way, and this makes his parents very proud of their son.

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Early Life and Job of Peyush Bansal

Peyush Bansal is the founder and chief executive officer (CEO) of Lenskart. He was born in New Delhi on 26 April 1985. Surprisingly, the age of the founder and CEO of Lenskart is just 30 years old.

Peyush Bansal is a highly educated and motivated person. He truly holds the characteristics of a great leader and entrepreneur.

Peyush completed his Senior high school at Don Bosco School and his under graduation at McGill University, which is situated in Canada.

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Not only this, but the founder of Lenskart has also completed his post-graduation from the Indian Institute of Management Bangalore (IIM Bangalore) in entrepreneurship.

Peyush Bansal besides being the founder of Lenskart has done various other jobs in his life. Firstly, after completing his education, he started working with Microsoft as their programmer.

Later on, Peyush realized that he was not meant for 9 to 5 jobs and he wanted to start his own business. Peyush before founding Lenskart had seen many ups and downs in his career. In 2008, Peyush Bansal founded Searchmycampus.com and Valyoo Technologies.

Peyush Bansal is someone who doesn’t settle in less. He decided to start selling his Eyewear online in the United States. After gaining huge popularity there, Peyush also started his business in India, which is popularly termed lenskart.com.

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Foundation or Idea of Lenskart

Peyush Bansal founded Lenskart in 2010 with the help of Amit Chaudhary and Sumeet Kapahi intending to make a difference in the world.

Currently, Lenskart is one of the biggest online platforms for purchasing eyewear and over the past few years, Peyush Bansal has put every effort into expanding this business.

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The main idea behind Lenskart was to create such a world where underprivileged and needy people can also purchase good quality eyewear at a very affordable price.

Lenskart is easily accessible in remote areas and to expand their business, free eye checkup service at home is also available.

One can purchase their eyewear while sitting at home and scrolling through lenskart.com. Lenskart sells different types of eyewear online and offline.

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The Lenskart CEO Peyush Bansal has worked very hard day and night to make Lenskart the biggest online Eyewear company with more than 1 lakh customers every month.

Lenskart is India’s first eyewear company to use robotic technology in making perfect and accurate glasses. Lenskart customer service works very well to solve customers’ problems and accept their feedback. It makes sure to please every customer and solve every query.

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Lenskart provides more than 4000 types of eyewear from brands like Vincent Chase, Oakley, and others. They have more than 5 times a variety of glasses than any other eyewear platform in India.

Lenskart provides fashionable sunglasses, reading glasses, and contact lenses of the best quality for both men and women.

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Stock holding of Peyush Bansal Founder and CEO of Lenskart

Peyush Bansal, who is the owner, founder, and CEO of Lenskart, is not an ordinary man.

He is a highly intellectual person who aims to increase his business with great ideas and strategies. Lenskart sells various high-quality eyewear of different top brands at low prices and free delivery.

The recent estimated data (July 2021) of Lenskart reveals that it has a total of 3137 employees which has increased by 4 per cent since 2020. Approximately 2.5 m website reach (May 2021) and a net worth of $68m in 2019 has been estimated.

The market valuation of Lenskart is $1.5B and a total funding of $459.6M has been evaluated. The cybersecurity score of Lenskart is D (69/100).

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Some of the Lenskart investors are TPG Growth, TPG, IDG Ventures India, PremjiInvest, Unilazer Ventures, TR Capital, Adveq, IFC Venture Capital Group, SoftBank Vision Fund, and Kedaara Capital.

Recently KKR invested $95M in Lenskart with secondary stake acquisition. The main intention is to help Lenskart expand its business in India. In April 2021, Lenskart acquired Dailyjoy and started a technology centre in Hyderabad.

Lenskart partners with Uber to help all its drivers get a free eye checkup.

In October 2020 Lenskart took a step further and invested in Artificial Intelligence Company Tango Eye. In December 2019 SoftBank Vision invested $275M in Lenskart. Kedaara Capital also invested Rs 392 Cr in Lenskart.

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The Net Worth of Peyush Bansal Founder and CEO of Lenskart

Lenskart although suffered a loss in the Financial year 2019. Nevertheless, it earned quite a huge profit of approximately 18 crore in the financial year 2020 and the total revenue was nearly 1000 crore.

Ratan Tata also invested in Lenskart in 2016 and now his returns are five times more than the investment.

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Wipro Chairman Azim Premji had also invested 300 crores in Lenskart in 2018 which helped the company to gain a valuation of 3000 crores.

SoftBank Vision invested $275M in Lenskart which proved to be very beneficial for Lenskart. Kedaara Capital also invested Rs 392 Cr in Lenskart.

Some of the Lenskart investors are TPG Growth, TPG, IDG Ventures India, Premji Invest, Unilazer Ventures, TR Capital, Adveq, IFC Venture Capital Group, SoftBank Vision Fund, and Kedaara Capital.

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Future plans of Peyush Bansal for Lenskart

Lenskart CEO Peyush Bansal has revealed to the media that it can go public in the coming 4 years. Lenskart has gone all the way up in the past 5 years and touched a net worth of $275 M and every year its growth rate is increased by 50%.

Amit Chaudhary, who is co-founder of Lenskart, has told media that by the end of 2020, lenskart is planning to launch 300 new stores, which will focus more on AI technologies and expand its business in India.

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Lenskart also decided to start a vision fund with an investment of $20M to back the startup Lenskart has also planned to open its retail shop in Dubai soon. The headquarters of Lenskart is located in Faridabad, India.

Peyush Bansal’s email id is peyush.bansal@lenskart.com and his telephone number is 9582051501. One can visit their website http://www.lenskart.com to view various ranges of eyewear at affordable prices.

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Peyush Bansal Founder and CEO of Lenskart: FAQ

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