Peyush Bansal is the co-founder and CEO of Lenskart, India’s leading eyewear brand. Renowned for his entrepreneurial zeal, Peyush left behind a stable job in the United States to embark on a mission to address the global issue of visual deprivation. What started as a modest venture focusing on contact lenses has now transformed into a one-stop eyewear destination offering eyeglasses, sunglasses, and more.
Peyush has also become a household name in India after his charismatic presence as a “shark” on the TV show Shark Tank India, where he supports budding entreprenuers with funding and mentorship.
Peyush Bansal: Personal Details
| Attribute | Details |
|---|---|
| Name | Peyush Bansal |
| Age | 36 years (As of 2021) |
| Date of Birth | 26 April 1985 |
| Place of Birth | New Delhi, India |
| Hometown | Mumbai, Maharashtra |
| Profession | Entrepreneur |
| Designation | Co-founder and CEO of Lenskart |
| Father’s Name | Name unknown (Chartered Accountant) |
| Mother’s Name | Kiran Bansal |
| Siblings | One elder brother (Name unknown) |
| Marital Status | Married |
| Spouse | Nimisha Bansal |
| Hobbies | Traveling, listening to music, and reading books |
| Net Worth | Approximately $80 million |
Early Life and Inspiration
Peyush was born into a middle-class family in Delhi. Even as a child, he exhibited a keen interest in solving real-world problems, which later drove him toward entrepreneurship. After gaining exposure to cutting-edge technology during his stint at Microsoft, Peyush identified the lack of affordable and quality eyewear in India as a pressing issue. This realization laid the foundation for Lenskart, which aims to combat vision deprevation and make eyewear accessible to all.
Educational Background
| Institution | Qualification |
|---|---|
| Don Bosco School, Delhi | High School Education |
| McGill University, Canada | Bachelor’s in Electrical Engineering (2006) |
| IIM Bengaluru | Post-graduation in Entrepreneurship |
Career Milestones
- 2007: Peyush joined Microsoft as a Program Manager, working on innovative products like the Windows Operating System.
- 2007: He launched SearchMyCampus.com, a classified portal catering to students’ needs, such as housing and internships.
- 2008: Peyush founded Valyoo Technologies, which ventured into selling eyewear online in the U.S.
- 2010: Along with Amit Chaudhary and Sumeet Kapahi, he co-founded Lenskart, which revolutionized eyewear retail in India with technology-driven solutions.
- 2021: Peyush became a familiar face on Shark Tank India, showcasing his business acumen and passion for innovation.
Awards and Achievements
- 2006: Awarded the British Association Medal by McGill University.
- 2010: Valyoo Technologies was recognized as one of Asia’s Top 100 Companies by Red Herring.
- 2012: Won the Emerging Entrepreneur of the Year award by Indian E-tail.
- 2014: Lenskart received the Marketing Sherpa Email Award.
- 2015: Honored with the India TV Yuva Award (Business Category).
- 2019: Listed in Fortune India’s 40 Under 40 Entrepreneurs.
Recent Developments
Peyush has been instrumental in driving Lenskart’s expansion into global markets, including the UAE, Singapore, and the U.S. His focus on integrating technology, such as AI-powered virtual try-ons, has set new benchmarks in the eyewear industry.
Additionally, Lenskart’s omnichannel strategy, which combines an extensive online presence with physical stores, has made it one of the fastest-growing brands in India.
Areas of Interest and Vision
Beyond business, Peyush Bansal is deeply interested in human capital development, organizational growth, and financial relations. He envisions a world where quality vision care is accessable to all, regardless of geography or economic background.
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