Peyush Bansal’s life was a roller coaster, starting with quitting his job in America, arriving suddenly in India, and launching a well-known eyewear brand.
The co-founder and CEO of Lenskart holds a degree from IIM Bangalore and formerly worked for software giant Microsoft, but destiny had other plans for him, and today he is one of India’s top businesses.
After joining the Shark Tank reality show as an investor, he is now a well-known figure in India.
Peyush Bansal is a middle-class family from Delhi’s capital city. After enrolling in MPEFB Management at the Indian Institute of Management in Bangalore, he attended McGill University.
Piyush was hired by one of the software behemoths Microsoft after completing his education, and he worked there as a program manager from January to December 2007.
When he was completely comfortable in his job in the USA, he made the decision to leave and move back to India one day.
Peyush did a solid job during the ‘Great Recession’ of 2007–2009, which altered the global economic structure, yet nevertheless it came as a great shock to his family and friends.
|Famous For||Becoming Judge Of Shark Tank India|
|Date of birth||April 26, 1985|
|Birthplace||New Delhi, India|
|Hometown||New Delhi, India|
|School||Don Bosco School|
|College||McGill University And Indian Institute of Management|
|Education Qualification||Post Graduate|
|Current location||New Delhi, India|
|Net Worth||$80 million Approximately|
|In feet and inches||5′ 7″|
|In centimeters||170 cm|
|In meters||1.70 m|
Peyush Bansal Family
Peyush Bansal family has a wife, a son, father, mother, elder brother, and sister
|Father||Bal Kishan Bansal|
|Elder Brother||Name not available|
Peyush Bansal Startups – Between 2007 and 2009, after returning to India, the individual founded a number of firms and earned a management diploma in entrepreneurship from IIM Bangalore. The main breakthrough occurred with the 2010 startup Lenskart, despite the fact that his prior startups Search My Campus and others did not succeed.
Peyush Bansal Co-Founding Lenskart
In the Delhi-National Capital Region, Peyush Bansal and Amit Chaudhary established Lenskart in 2010. The business began offering contact lenses for sale online. Up until 2011, the company also began selling sunglasses and eyeglasses.
The fact that Lenskart is currently one of the most well-known eyewear manufacturers serves as a testament to its success.
Additionally, the Japanese multinational firm SoftBank invested in the business. The second ‘Vision Fund’ of the startup invested about $275 million in it. Additionally, this was the “Vision Fund- II” group led by Masayoshi Son’s first investment in India. At this time, Lenskart is worth about $2.5 billion.
Peyush Bansal Investments
Peyush Bansal has invested in several businesses, including:
Founder: Hitesh Kakrani and Dr. Jatin Kakrani
Jatin Kakrani and Hitesh Kakrani founded this dental health tech chain in 2019. The business specializes in teeth whitening, dental implants, root canals, invisible smile aligners, and more. Peyush and ten additional investors contributed 171 crores INR to the company’s Series A raising money round.
Founder: Tanmaya Jain
It was established in 2013 as a SaaS-based analytics startup. For businesses, it creates a platform for employee engagement. This enables businesses to collect ideas from the public and learn about employee issues. Peyush and seven other investors contributed $700k to the company’s seed round.
Founder: Saahil Goel and Vishesh Khurana
It was established in 2012. It is a platform for e-commerce shipping and enablement that provides discounted freight rates. This handles the entire process, including picking the best courier service, printing mailing labels, and tracking orders. Peyush and thirteen other investors contributed $185M Series E to the business.
Founder: Pankaj Garg, Saurav Adlakha
It is an online storefront that was established in 2012. It is a hub for transportation, technology, travel, business, and personal care. Peyush and other investors contributed $1.3M to the company’s venture round raising money.
Founder: Sanskriti Dawle and Aman Srivastava
It is the creator of the first brain literacy device with remote learning capabilities in India. ‘Annie’ is the name of the device. It was established in 2016. Peyush invested 50 lakhs in the firm at 1% equity.
Founder: Duvvuru Varshitha and Vimal Kumar
It is a brand of glucose meter that was established in 2021. The business provides a painless experience for diabetic people by merging science and technology to address healthcare challenges. The business wants to use technology to raise the standard of healthcare. Peyush provided money for it in the amount of 28 lakhs INR at 16.6% ownership.
Founder: Nisha Ramasamy and Vasanth Tamilselvan
It is a company that was established in the year 2020 and produces kid-friendly eco-friendly toys. The toys are designed for kids between the ages of 0 and 3 and are constructed of neem wood and nontoxic colors. Peyush provided 25 lakhs INR in exchange for 5% equity.
Founder: Saurabh Mangrulkar, Rakhi Pal and Venkatesh Prasad
It is a student-focused online community that makes life simpler for them. It was established in 2017. The platform enables students to stay current with the dynamic changes in academia and the workplace. Additionally, it lists workshops and cultural festivals. Peyush gave the firm 10 lakh INR in exchange for 1% of the company.
Founder: Arnav Gandhi and Saisharan Gandhi
It is a company that takes pleasure in selling brown eggs that have no odor. It was established in 2020. The business specializes in raising hens for natural eggs. Peyush gave the startup egg farm 10 lakh INR in exchange for 6.6% of the company.
Founder: Ananya Maloo and Anushree Maloo
It was established in 2021 and focuses on men’s hygiene. The business sells grooming and intimate hygiene items for guys. Peyush provided money to the company in the amount of 8.33 lakhs INR at a 6.6% equity.
Founder: Krishnan Sunderarajan
India’s first metaverse application, Loka World, was released in the year 2020. It offers a global community that enables users to communicate, interact, and meet individuals from all over the world. Peyush, a tech enthusiast, loved the idea and used 13.3 lakh INR at 8% equity to launch the firm.
Founder: Surabhi Shah
It is a 2018-founded biodegradable utensil brand. The start-up wants to decrease plastic use with its environmentally friendly products. Peyush provided finance to the company in the amount of 25 lakhs INR at a 10% equity.
The Yarn Bazaar
Founder: Pratik Gadia
It was established in 2016 as a creator of a mobile application for lending and selling yarn. Peyush provided money in the amount of 25 lakhs INR at a 2.5% equity rate.
Founder: Pratik Tirodkar
It is a 2018-founded robotics company powered by artificial intelligence. The business uses technology and automation to make items that improve daily life. Peyush invested 25 lakhs INR in the firm, contributing 25% stock and 25 lakhs INR in loans.
Founder: Vikas Kakwani
The first virtual school in India was established in 2017. This online school follows the same curriculum as a traditional school, and the lecturers will provide lectures during the appropriate topic periods. Parents, teachers, and students solely communicate with one another via social media. Peyush contributed 50 lakhs INR at 5% stock to the company.
Founder: Viraj Sawant and Sameer Mirajkar
It was established in 2020 and is the country’s first ready-to-serve canned cocktail brand. The business creates premium cocktails with few calories and puts them in cans in their own distillery. Customers of the brand can indulge in widely popular flavors in a can. Peyush contributed 20 lakh INR at 2% ownership to the startup.
Find Your Kicks India
Founder: Danish Chawla & Simardeep Singh
It serves as a one-stop shop for purchasing and selling designer footwear and clothing. 2020 marked the beginning of it. The marketplace serves as a reliable intermediary between buyers and vendors. Peyush gave the firm 10 lakhs in exchange for 5% of the company.
Founder: Ranjeet Deshmukh
It is a platform for real-time smart pavement monitoring for extensive networks of roadways. It was established in 2016. Peyush purchased 20% of the company for 80 lakh INR.
Founder: Romeo P Jerard, Shreeshankar S Nair
It was established in 2018 as an IoT-based system for monitoring livestock health. This Agro-tech business offers tools for tracking and keeping tabs on the welfare of cattle. It provides adaptable solutions for various farms. Peyush contributed 15 lakhs for 2.5% to the startup.
The State Plate
Founder: Muskaan Sancheti, Raghav Jhawar
In 2020, a one-stop shop for local goods and snacks was established. Peyush gave the startup finance of 40 lakhs INR at 3% equity and 25 lakhs INR in loan.
Founder: Rajat Jain, Nitin Chandola, Sabit Rawat, Saurabh Badola
The business was established in 2016 as an ECG gadget developer. ‘Spandan’ is the name of their ECG machine. The business builds its device using engineering technologies and artificial intelligence. Its gadget is portable and quite simple to use. Peyush contributed 20 lakhs INR at 1.2% equity to the business.
Founder: Siddharth Gupta
It is a company that develops creative upgrades to common things to make people’s lives easier. It was established in 2018. Peyush provided money for it in the amount of 25 lakhs INR at a 75% equity and 22,000 debt ratio.
Founder: Ashish Tiwari, Jitendra Sharma, Piyush Wadhwani
It is the first premium original hair extensions brand in India. 2018 marked the beginning of it. The company uses virgin Indian Remy hair to create its hair extensions. These extensions are chemical-free and natural. Peyush provided the company with 20 lakhs INR at 1.3% ownership.
Founder: Kamlesh Nanasaheb Ghumare (AKA Jugadu Kamlesh)
It creates multifunctional bicycles for farmers. The bicycle can be used for hauling luggage, spraying pesticides, and sowing seeds. Farmers’ workloads are lessened as a result, and the work is completed faster. Peyush contributed 10 lakhs INR at 40% ownership and 20 lakhs INR in debt to the firm.
Founder:, Shailesh Kumar, Shilpa Arora, Deepak Bhuvneshwari Uniyal, Sanjay Aggarwal and Ravi Mathur
Founded in 2016, it is an online forum for handling insurance disputes. It provides aid with expired insurance policies, case resolution, claims collection, and other services. The business assists clients in obtaining suitable resolutions to their insurance-related complaints. Peyush struck an agreement for 4% stake in the company and 1 crore INR.
Humpy A2 Milk and Organic Farms
Founder: Malvika Gaekwad, Vishal Chaudhari, & Jaywant Patel
It is a 2017-born brand of dairy products with A2 certification. A community within the business engages in organic gardening. It makes it possible for consumers to obtain organic dairy products at home. Peyush contributed 33.3 lakhs INR at 5% ownership to the firm.
Founder: Vidushi Vijayvergiya
It was established in 2017 as an artisanal perfume and attar brand. The company uses only natural ingredients to provide a distinctive line of perfumes. Peyush Bansal agreed to invest 50 lakh INR at 50% stake in the company.
Founder: Nihaal Singh Aadarsh
It was established in the year 2020 and is a manufacturer of the Cov-Tech ventilation system. The business is an expert in producing ventilation equipment for PPE kits. It also intends to create tools that address common issues. Peyush contributed 25.25 INR at 1% equity to the business.
Founder: Pulkit Ahuja and Inderjit singh
It is a 2020-founded SaaS platform and tailored IoT hardware. It is a technology aggregator that specializes in developing innovative near-term technological solutions. The business engages in IoT, AI, and NLP in order to offer its clients a niche-focused platform in a live, aided environment. Peyush contributed 50 lakh INR at 5% ownership to the firm.
Founder: Anant Sharma and Shwetank
It was established in 2019 and produces motion capture suits. This offers sports organizations great performance, infrastructure, and knowledge. It supports athletes in maintaining proper posture. Peyush contributed 20 lakhs INR for a 3.3% equity stake in the firm.
Peyush Bansal car collection
Peyush Bansal is the owner of a BMW 7-series, a luxurious automobile that costs Rs 1.7 crores in India.
Peyush Bansal House
In Delhi, Peyush Bansal is the owner of a lavish home. Beautiful modern furniture, chandeliers, and a light-tone color scheme decorate the interiors.
Peyush Bansal came under fire in one of the episodes of the Indian reality series “Shark Tank India.” He made several remarks about CA that later outraged the CA community. The fallout from the statements sparked the #SayNoToLenskart trend on social media sites, particularly among CAs. Peyush Bansal used social media to share a post after the incident in which he demanded an apology.
- 2013 Red Herring Top 100 Award for Asia
- Award for British Honor at McGill University
- 2012 Emerging Entrepreneur of the Year Award
- Top 40 under 40 entrepreneurs in 2021, Fortune India
Peyush Bansal Net Worth
At the age of 36, Bansal built up a net worth of over Rs 600 crores. He founded the eyeglass firm Lenskart with co-founders Amit Chaudhary and Sumeet Kapahi in November 2010. The company’s main focus was on online contact lens sales, but they began to expand into the sale of sunglasses and eyewear in 2012. Ten years later, Lenskart has more than 500 outlets spread over 70 Indian cities, making it the largest eyeglasses retailer in the country.
Lenskart Net Worth
The financial statements of Lenskart are the best source of information for calculating the company’s net worth. However, because Lenskart is a privately held business, its financial accounts are not made available to the general public. As a result, in order to determine Lenskart’s net worth, we must consult additional sources of data.
Examining Lenskart’s most recent funding rounds is one technique to determine its net worth. The business received $290 million in a Series D investment round in April 2021, valuing it at $2.2 billion. This means that the current net worth of Lenskart is approximately $2.2 billion.
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Frequently Asked Questions
Q- Who is Peyush Bansal?
A- Peyush Bansal is the founder and CEO of Lenskart, a chain of optical stores selling prescription eyewear in India
Q- Who is the wife of Peyush Bansal?
A- Nimisha Bansal is the wife of Peyush Bansal.
Q- What is the CEO of Lenskart?
A- Peyush Bansal is the CEO of Lenskart.
Q- What is the age of the CEO of Lenskart?
A- Peyush Bansal age is 37 years
Q- What is the net worth of Lenskart?
A- The estimated value of Lenskart’s net worth is $2.2 billion.
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