Peyush Bansal Biography: Have you ever bought Spectacles online? If yes then if I am not wrong then you must have tried the lenskart? If yes then have you ever tried to know who is the guy who came up with such a brilliant idea to sell spectacle online. If not then don’t worry because here in this article we are going to tell you about the biography of the guy whose lenskart has generated a whopping 963 crore revenue in the last fiscal year. We would like to tell you that the man who started the lenskart way back in 2010 is Peyush Bansal. He is the founder and Chief Executive Officer (CEO) of lenskart. He is 36 years old and belongs to a Hindu family who lived in Delhi. Currently, he is also judging a show known as Shark Tank.
Here in this article, we will let you know in detail about Peyush Bansal like how’s his early life, how he started his career, his lenskart journey, his lifestyle family, net worth, and why he quit his well-settled job as Program Manager at Microsoft and came back to his country to contribute into the country’s welfare by providing the best eyewear quality in our country.
Curious to know more about Peyush Bansal, then keep reading our article.
Peyush Bansal Biography
|DOB||26th April 1985|
|Age||36 years (as of 2021)|
|Academic Education||McGill University (Bachelors Engineering Honours)|
Indian Institute of Management (IIM), Bangalore
|Birth Place & Home Town||New Delhi|
|Co-Founders||Amit Chaudhary. |
|Hobbies||Travelling, Reading & Music lover|
|Well-Known for||Judging Season 1 of Shark Tank India|
|Favourite Cuisine||All cuisines are his favourite (especially Thai & Middle East Cuisine)|
|Company’s Brand Ambassadors||Katrina Kaif & Bhuvan Bam|
Peyush Bansal Education and Career
Peyush Bansal completed his schooling at Doon Bosco which is located in Delhi. After completing his academic session, he started preparing for IIT but couldn’t clear it but with the support from his parents, he didn’t get disheartened and decided to do a Bachelor in Engineering Honours in Electrical-IT, Control and Automation from a foreign University called ‘McGill University’ located in Canada, Toronto. From 2002 to 2006 he completed his education and also worked as a part-time receptionist and started earning. During his time period as a receptionist, he started gaining interest in computers & coding.
After completing his graduation from McGill University, he was appointed as Program Manager at a very High Tech Giant company-Microsoft, USA. He served the company for around one year from Jan 2022-Dec 2022 and then pursued his education in Management Programmes for Entrepreneurs and Family Businesses (MPEFB-Management) from IIM, Bangalore.
In the year 2008, he quit his job and came back to his hometown. Despite being jobless and having no experience in business he decided to sow the seeds by investing his savings which he earned from his previous jobs by creating an Online Portal (SearchMyCampus.com) whose main goal was to solve the issues of college students regarding housing, coaching, jobs, transportation facilities etc. After getting small experience about the business, Peyush along with his friends Amit Chaudhary and Sumeet Kapahi founded Valyoo Technologies Ltd which is now known as ‘Lenskart’ across the world.
Peyush Bansal & Lenskart
1/3rd of India’s population needs glasses but doesn’t have access to them, making us the blind capital of the world with over 15 million blind people. With the cause in mind, Peyush along with his two co-founders Amit Chaudhary and Sumeet Kapahi founded ‘VALYOO technologies’. The main aim of Lenskart was to help drop this number marginally in the coming years, which can be achieved by providing high-quality eyewear to millions of Indians at affordable prices, giving free eye checkups at home and extending our services to the remote areas of the country.
The company headquarter is located in Faridabad, New Delhi, NCR and through their own e-commerce website they sell products at more than 500 stores located in various states of the country. The company entered the Unicorn club in 2019 and the current investor of Lenskart is Ratan Tata (of Tata Sons) and S. Gopalakrishnan (of Infosys).
Revenue & Valuation
The company had a valuation of $1.5 billion in 2019 after Softbank invested around $275 million. In the year 2020, the company generated total revenue of ₹1000 Cr+ and currently, the net worth of Peyush is $1.3 billion. More information about the company’s revenue, valuation and net worth will be shared with you soon.
- He was awarded with EY Enterpreneur Of The Year in 2020 for Lenkart Solutions.
- In the year 2019, he was listed in Fortune’s India-Best 40 under 40 enterpreneurs.
- He was also honoured with British Association Model by McGill University in 2006.
- Valyoo Technologies (i.e. Lenskart today) won Red Herring Top 100 Asia Award in 2012.
- In 2015, Lenskart was awarded with Marketing Sherpa Email Awards.
Lenkart is India’s first and only brand to use a robotic technique that delivers glasses that are accurate to 3 decimal places. The company imports these machines from Germany to ensure perfection on all fronts: an automated system that allows inspecting lenses, determining the geometric system and loading the lenses for edging without the need of a finishing block. The company offers various varieties like:
- From sunglasses to reading glasses to contact lenses, we make everything that can help you see this beautiful world with more clarity.
- They make eyewear for men, women, kids, for all humans of the world.
- Lenskart makes eyewer varities for everyday basics, fashion and evening wear.
- Not only that, they keep updating their styles by staying in touch with their customers and taking inspiration from fashion capitals and the best designers of the world.
Lenskart has also launched their app which can be installed from Google Play Store and IOS Store.
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