When we think of fashion, items like clothes and footwear often come to mind. However, fashion isn’t limited to what we wear. Today, spectacles he become an essential part of style and a key fashion statement, embraced by nearly everyone.
In today's world, long working hours and rising stress levels contribute to various health issues, including vision problems. In India alone, around 550 million people require vision correction, yet only 170 million he access to it.
To provide better eyewear for every walk of life while keeping in view the quality and trend styles, Lenskart was founded. Peyush Bansal started the company in 2010 with a mission to deliver better eyewear and change the way people see through their eyes.
Peyush Bansal is regarded to be one of the most brilliant entrepreneurs in India. He started his journey from being a studious student to building a company at a global level. Peyush Bansal sparks inspiration for many of us.
He gained much popularity after becoming a judge on one of the most famous reality shows, Shark Tank India.
Let's explore the roller-coaster journey of Peyush Bansal, from becoming an entrepreneur to building Lenskart from scratch. In this StartupTalky story, we’ll dive into the success story of Peyush Bansal, his early life, childhood, personal life, educational background, and the path he took to success, along with any controversies and more.
Peyush Bansal Biography Entrepreneur Peyush Bansal Born April 26, 1985 Education McGill University, Canada, IIM, Bangalore Occupation Entrepreneur Known for Co-founder and CEO of Lenskart Net worth INR 600 crore (As of 2024) Marital status Married Nationality IndianPeyush Bansal - Early Life Peyush Bansal - Career Peyush Bansal - Investments Peyush Bansal - Shark Tank India Peyush Bansal - Controversy Peyush Bansal - Awards & Achievements Peyush Bansal - Unknown Facts Peyush Bansal - Quotes
Peyush Bansal's Lenskart Journey
Peyush Bansal - Early LifeBorn on 26th April 1986 in Delhi, Peyush Bansal lived with his parents and two siblings. His father's name is Bal Kishan Bansal, and his mother's name is Kiran Bansal. He has one elder brother and a younger sister.
Peyush Bansal did his schooling at Don Bosco School (Greater Kailash-II, New Delhi). After finishing high school, he prepared for IIT but didn't get through. So, he went to Canada to study electrical engineering at McGill University.
Just like any person with dreams and goals, Peyush Bansal always wanted to be a businessman. In India, he studied at the Indian Institute of Management, Bangalore, he holds a diploma in entrepreneurship.
Peyush has been lucky as his parents always supported him in his journey of becoming an entrepreneur. In 2011, he got married to Nidhi Mittal and has a son.
Peyush Bansal - CareerAfter graduating in electrical engineering, Peyush Bansal bagged his first job at the tech giant- Microsoft, USA. He worked as a Program Manager for nearly one year but left the job in 2008 and came back to India.
Peyush was never interested in engineering, which is why he quit his job at Microsoft. After returning to India, he started to look for ideas to start his own company.
Despite not coming from a business background, Bansal came up with his first startup in 2007 called SearchMycampus while pursuing a degree in entrepreneurship from IIM, Bangalore.
SearchMycampus was an online portal to help students search for various issues related to jobs, housing, coaching, internships, transportation, books, etc. After the fair success of his first company, Bansal launched a couple of startups that ran quite well.
Along with his friends, Amit Chaudhary and Sumeet Kapahi he founded Lenskart in 2010. The idea came when Peyush came across the statistics of blind people in India, and only a small number of people were wearing spectacles. Thus, he aimed to provide eyeglasses to a large number of people to improve their vision.
Lenskart founders - Amit Chaudhary, Peyush Bansal, and Sumeet KapahiPeyush Bansal serves as the Chief Executive & People Officer at Lenskart. The company is headquartered in Faridabad, Delhi NCR. Initially, Lenskart dealt with selling only contact lenses, but it slowly witnessed success and expanded its operations.
Today, Lenskart has over 1100 stores across different cities in India, offering more than 5000 eyewear styles. The online eyewear retailer entered the unicorn club in 2019.
Eyewear company Lenskart is planning to skip the confidential DRHP filing for its upcoming IPO in India, reports MoneyControl. Instead, it will use the normal route, which makes all IPO details public once filed with SEBI. Lenskart also changed its name to Lenskart Solutions Limited after shareholder approval.
Currently, the valuation of Lenskart is $5.6 billion.
Lenskart Success Story: Empowering India with Clear Vision | Startup Story | Subsidiaries | Valuation | FoundersExplore the remarkable success story of Lenskart, India’s leading eyewear company. Discover about Lenskart founders, journey to success, history, funding, revenue, subsidiaries, business model, and more.
StartupTalkySarika Anand
Peyush Bansal - Investments
Peyush Bansal is a man of a wise and brilliant mind. He has made investments in various startups. His latest investment is in Lenskart. It was a funding round held in July 2024, and as a lead investor, he invested INR 70.70 crore in the company.
Some of the companies Peyush Bansal has invested in are:
Date Startup Name Funding Round Money Raised July 15, 2024 Lenskart Funding Round ₹70.70 crore June 20, 2024 Unknown Innovations Seed Round $2 million March 23, 2024 Farm Didi Angel Round $12k March 15, 2024 Dharaksha Ecosolutions Angel Round Undisclosed February 20, 2024 Without Angel Round $90.3k June 1, 2022 Revamp Moto Pre Seed Round $1 million March 28, 2022 INDmoney Series D $11 million March 21, 2022 Leverage Edu Series B $22 million March 9, 2022 Carragreen Pre Seed Round ₹5 million January 31, 2022 Humpy Farms Angel Round ₹10 million January 23, 2022 Smiles.ai Series A ₹1.7 billion January 6, 2022 Thinkerbell Labs Seed Round ₹10.5 million December 10, 2021 Shiprocket Series E $185 million August 4, 2020 inFeedo Seed Round $700K January 19, 2016 DailyObjects Venture Round $1.3 million List of Startups funded by Peyush BansalPeyush Bansal, the co-founder of Lenskart has recently invested in many startups in Shark Tank India. Know the startups funded by Peyush Bansal.
StartupTalkyMuskaan Kapoor
Peyush Bansal - Shark Tank India
Peyush Bansal is one of the most-admired sharks on the show. He almost turned down the offer. Initially, he wanted to reject it, but his wife, Nidhi, encouraged him to consider it. Even during his first shoot, he hadn’t signed the contract. However, the energy of the startup founders and the show itself inspired him, and from that moment, he was fully committed to the show.
He invested INR 22.204 crore in the first season of Shark Tank India, INR 16.16 crore in the second season, and INR 5.77 crore in the third season of the show. Bansal is known for his compassion and strong support for social causes. On the show, he has invested mostly in food and beverage D2C brands.
Shark Tank India Season -4 ControversyIn a recent episode of Shark Tank India in February 2025, Mohit, the founder of Born Good, a detergent and liquid cleaning startup, pitched his business to the panel of investors. He requested Rs 70 lakh for 1% equity, valuing his company at Rs 70 crore. Mohit aimed to raise Rs 12 crore but left without a deal after facing tough questions from investor Aman Gupta, who criticized his execution skills and compared him unforably to Kopara’s founder, Simran. Peyush Bansal defended Mohit, saying Aman crossed the line by making direct comparisons and that Mohit deserved a fair chance to explain his business. He added that emotions ran high due to competing investments, which influenced Aman’s harsh tone. Meanwhile, Aman stood by his tough stance, citing concerns about founder-market fit.
Who is the Richest Shark in Shark Tank India?Shark Tank India season 4 is set to return with an all-new panel of judges. Take a look at the net worth and charges of all the sharks.StartupTalkyDamini Bhandary
Peyush Bansal - Controversy
In one of the episodes of the Indian reality show, 'Shark Tank India', Peyush Bansal was caught in a controversy. He passed down some comments related to CA, which later offended the CA community. The aftermath of comments led to the trend of #SayNoToLenskart on social media platforms, especially among CAs.
Following the events, Peyush Bansal took to social media, where he shared a post asking for an apology.
Peyush Bansal - Awards & AchievementsSome of his achievements are as follows:
Awarded Innovator of the Year Award at NDTV Indian of The Year Awards 2023-24He received the ‘India TV Yuva Awards in 2015Red Herring Top 100 Asia Award 2013Emerging Entrepreneur of the Year Award in 2012British Honors Award at McGill UniversityBest 40 under 40 Entrepreneurs 2019 Fortune India Peyush Bansal - Unknown Facts He loves watching suspense and thriller shows/web series.He loves to trel during his free time.He looks up to Bill Gates.His forite sport is Cricket.Success Story of Aman Gupta: CMO and Co-Founder of boAtExplore the inspiring success story of Aman Gupta, from his early achievements to leading one of India’s top consumer electronics brands. Discover more about his education, CA journey, family, and more.StartupTalkySarika Anand
Peyush Bansal - Quotes
💡I think Passion is the most important thing.💡As a budding entrepreneur, one should focus on value creation more than anything else.FAQsWhat is Lenskart owner name?Peyush Bansal along with Amit Chaudhary and Sumeet Kapahi are Lenskart owners.
Who is Lenskart CEO?Peyush Bansal is the co-founder and CEO of Lenskart.
What is Peyush Bansal age?Peyush Bansal is 39 years old, he was born in 1985.
Who is Peyush Bansal father or who are Peyush Bansal parents?Peyush Bansal's father's name is Bal Kishan Bansal, and his mother's name is Kiran Bansal.
What is the net worth of Peyush Bansal?The net worth of Peyush Bansal is approximately INR 600 crore as of 2024.
Who is Peyush Bansal wife?Nidhi Bansal is the wife of Peyush Bansal. They got married in 2011.
What is Peyush Bansal education?Bansal has an Electrical Engineering degree from McGill University in Canada.
How Peyush Bansal started Lenskart?Peyush Bansal started Lenskart in 2010 to make quality eyewear affordable and accessible. He began by selling eyeglasses online, focusing on solving vision problems in India.
What did Peyush Bansal study?Peyush Bansal tried for IIT but could not get into any college, he completed his Bachelor of Engineering from McGill University, Canada, and did the Management Programme for Entrepreneurs and Family Businesses (MPEFB) at IIM Bangalore.
How much stake does Peyush Bansal he in Lenskart?Peyush Bansal has a 4.7% stake in Lenskart as of September 2024.
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