Peyush Bansal is the founder and chief executive officer of Lenskart.com which is one of the leading e-commerce portals for eyewear in India.
He appeared as a judge in ‘Shark Tank India’, the Indian adaptation of the American business reality Tv show ‘Shark Tank’, in 2021. Here’s a look at Peyush Bansal’s early life, career, awards, recognition, net worth, and more.
Who is Peyush Bansal?
Peyush Bansal was born on 26 April 1985 in New Delhi, India. He studied at Don Bosco School, Delhi, and pursued a degree in Electrical Engineering from McGill University, Montreal, Canada, from 2002 to 2006.
He completed his post-graduation from the Indian Institute of Management (IIM), Bangalore (2008-2009). Peyush established Lensakart in 2010 with Amith Chaudhary and Sumeet Kapahi and took over as CEO of the company.
Peyush Bansal Family Details
Piyush was born in New Delhi to a chartered accountant father Bal Kishan Bansal, and his mother name is Kiran Bansal. He has an elder brother and a sister. His sister’s name is Neha Bansal. Peyush married Nidhi Mittal in June 2011 and has a son.
Peyush Bansal Career
After his graduation, Peyush served as a programmer for Microsoft, Redmond, Washington from Jan 2007 to Dec 2007. He quit the job after working for around a year. Peyush returned to India and launched SearchMyCampus and Valyoo technologies.
Along with this, Peyush co-founded John Jacobs in Jul 2015, Aqualens in Jan 2019, and OJOS in Jan 2022. He founded Lenskart with Amit Chaudhary and Sumeet Kapahi in 2010.
Peyush Bansal Net Worth
Lenskart was founded in 2010, 12 yrs ago, and is an optical prescription eyewear retail chain which is based in Faridabad. The manufacturing facility of Lenskart manufactures 3L glasses a month in New Delhi. Lenskart had 900+ stores in over 46 cities in India, as of Sept 2020.
Lenskart generated total revenue of over a thousand crore in 2010. It announced the acquisition of a majority stake in the Japanese eyewear brand Owndays in June 2022.
Lenskart became a unicorn with a valuation of $1.5B in 2019. As of 2022, the company has around 600 retail stores and over 5000 employees across the country.
As per GQ India, Peyush has a net worth of Rs 600 crores ($80M).
Peyush Bansal Controversy
In Jan 2022, Peyush made a remark on the CA community during an episode of the Tv show ‘Shark Tank India’ which mired him into a controversy.
His comments offended the chartered account community following which ‘boycott lenskart’ became a popular trend on social media. Bansal later issued an apology for his comments via social media platforms.
In the episode, Peyush was heard saying “CA se Duur rehna.” The comment didn’t sit well with netizens (especially among the CAs) which cause a flurry of reaction online. However, Peyush later issued an apology.
A message from the heart… pic.twitter.com/0bV9OKlmMQ— Peyush Bansal (@peyushbansal) January 10, 2022
A. Peyush Bansal’s age is 37 yrs.
A. His wife’s name is Nidhi Mittal.
A. He has completed B.Tech and holds a management degree from IIM, Bangalore.
A. His height is 5’7″
A. Aman Gupta (700 Cr) is the richest shark, Ashneer (700 Cr) has left the show