Peyush Bansal Biography, Net Worth, Early Life, Career, Family

Peyush Bansal is a very well-known Indian businessman and entrepreneur. He owns the Indian multinational optical prescription eyewear retail store, Lenskart. Peyush Bansal was born on 26th April 1985 in New Delhi, India. He was born and raised in a middle-class family. He completed his schooling at the Don Bosco School in New Delhi, India. After that, he went to Canada for his graduation. He completed his Bachelor’s Degree in Electrical Engineering from McGill University, Canada. Afterwards, he came back to India for his post-graduation. He completed his postgraduation in MPEFB from The Indian Institute Of Management IIM Bangalore.

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Peyush Bansal co-founded the company Lenskart twelve years ago in the year 2010 with co-founders Sumeet Kapathi and Amit Chaudhary. According to some reports, Lenskart has over 990 stores in more than 46 cities all across India as of 2020. The manufacturing unit in New Delhi, the capital of India, manufactures approximately five crore eyeglasses in a month. Now, the company is building its megaunit, an automated factory, in Rajasthan. The megaunit will manufacture approximately five crore eyeglasses per year.

Recently, Peyush revealed that he was rethinking about his return to the Season 2 of the show because of his fan following. He said- “The only reason that I wasn’t keen on coming back was there’s too much fan following. I truly believe in ‘all glory is fleeting’ and didn’t want a life like this. I want a normal life, for me and my son, who’s just 2.5 years old. But at the same time, the spark that I see in the eyes of people made me finally relent.”

According to some reports, the net worth of the Indian Entrepreneur and Businessman Peyush Bansal can be estimated at approximately $80 million. Moreover, the Indian multinational company, Lenskart has invested in various eyewear startups of Peyush Bansal. This includes John Jacobs (2015), Lenskart Plus (2020), Aqualens (2019), and Lenskart Vision Fund (2020).

Bansal appeared in the Indian television business reality show Shark Tank India Season 1 in December 2021. Shark Tank India is an Indian adaption from the American show of the same name.

In 2007, after completing graduation, Peyush Bansal started working at Microsoft, Redmond, Washington as a Program Manager. After a year, he resigned from his post and returned to India and pursued his postgraduation. Peyush wanted to establish his own company. After returning to India, he started looking for various business ideas. He founded several businesses or startups before Lenskart.

What’s More:

After resigning from his job as a Program Manager, Peyush started various business startups. He launched SearchMyCampus, a campus classified portal, in the year 2007. Through the SearchMyCampus portal, students of different colleges and universities can get connected to various service providers such as internships, books, transportation, part-time jobs, and accommodation.

After that, Peyush Bansal launched some more business startups, which were reasonably successful. Then, in the year 2010, he co-founded Lenskart with Sumeet Kapathi and Amit Chaudhary. First, the company only sold contact lenses. But within a year, the company also began selling sunglasses and eyeglasses. In 2019, his company, Lenskart, turned into a unicorn with $1.5 billion worth of net assets. A unicorn is a startup started privately with over $1 billion value.

Peyush Bansal was born into a Hindu family. His father’s name is Bal Kishan Bansal, and his mother’s name is Kiran Bansal. He has an elder brother whose name is not revealed yet and a sister named Neha Bansal. Peyush is a married man. His wife’s name is Nimisha Bansal, and the couple has a son together who is over two years old. The name of his son is not revealed yet.

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