Peyush Bansal

Quick Facts:-

“Passion is the most important thing, but it’s the persistence that turns it into success.”

This saying must sound familiar. Ever wondered who uttered it? We were talking about Peyush Bansal, the Chairman, Managing Director & Chief Executive Officer of India’s largest eyewear retail brand Lenskart. The man embodies the very meaning of a sharp vision in turning failure into his success, truly. At 39, the Indian entrepreneur finds himself a popular name in Indian markets that is well appreciated by all. Now having stated that, let us venture forth into Peyush Bansal’s life so that we can grasp his personal and professional endeavors.

Who is Peyush Bansal?

Peyush Bansal Image With Lenskart Logo

Peyush Bansal was born into a Hindu family on April 26, 1985. He is the chairperson, managing director, and CEO of Lenskart, the biggest e-tailor of eyewear in India. Since 2021, the few glorious investments of Mr. Bansal have rendered him one of the richest sharks in Shark Tank India. He has experienced the complete spectrum of business in terms of application, from Microsoft to founding Lenskart.

Lenskart: Indian Multinational Eyewear Retail Chain

After completing graduation in Electrical Designing – IT, Control, and Automation from McGill University in Canada from 2002 to 2006, Bansal worked at Microsoft in MS Office. Further, after deciding to leave his position, he returned to India and earned a management degree from the Indian Institute of Management, Bangalore. Moving on, he launched SearchMyCampus in 2008, a website aimed at helping University students with internships and housing. Later, after recognizing the gap in the eyewear industry, Bansal, along with Amit Chaudhary, founded the Indian Multinational Eyewear Retail Chain – Lenskart in 2010. 

The Sucess of Lenskart

By 2019, Lenskart’s worth had surpassed $1 billion, making it a member of the unicorn club. In India, Lenskart currently operates 175 locations with roughly 1000 outlets. The company is said to have raised a staggering amount of money from investors like Temasek Holdings, Bay Capital, Chiratae Ventures, and SoftBank Vision Fund.

Truly, Lenskart is thriving, and the major reason for this is Peyush’s strategic approach and business sense.Consequently, Lenskart, with 5000 frames and 45 types of lenses, offers a 14-day simple return. Another milestone for Lenskart was the appointment of India’s leading actress, Katrina Kaif, as the first brand ambassador in October 2017.

Back in the day, Lenskart was among the first to introduce virtual 3D try-ons, thereby helping establish online shopping for eyewear, especially when fused with a hybrid model of retail encompassing brick-and-mortar stores as well as an online platform to touch almost the entire market. Lenskart not only runs the Indian market but has also stepped into other countries like Singapore and the UAE. 

On Lenskart, the net worth is said to be $5 billion-$5,000 million, as at January 2025. As far as valuation is concerned, Lenskart was valued at $5.6 billion as of November 2024. Further, Peyush Bansal possesses about 8.21% stake in Lenskart.

Peyush Bansal Shark Tank Journey

Peyush Bansal has been associated with Shark Tank India since Season 1. Throughout his journey, he has made some notable investments, being one of the richest Sharks on the panel. Bringing his business mindset and strategic approach, Bansal quickly became a household name for being a man with a golden heart. Moreover, like the previous three seasons, Bansal is back with his entrepreneurial skills in Shark Tank India Season 4 too. 

>Peyush Bansal Shark Tank Investments

Peyush Bansal Net Worth

From the entrepreneur’s point of view, an all-out surprise, Peyush Bansal Net Worth is somewhere around $80 million or Rs 600 crores. Peyush’s entrepreneurship began with the founding of Lenskart in 2010. 

Investments made on Shark Tank India have also contributed towards enhancing his financial stature. Other contributory factors to his net worth include Real estate assets, private equity portfolio investments, and stock market holdings.

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Key Highlights of Peyush Bansal’s Biography

Peyush Bansal Biography

>Early Life & Education of Piyush

Peyush, son of Bal Kishan Bansal and Kiran Bansal, was born on 26 April 1985 in New Delhi. He has a brother and a sister. Peyush Bansal is now 39 years of age and belongs to a Hindu Bansal clan. Bansal was very interested in technology and academics from early childhood. 

Moving to education, after completing his schooling at Don Bosco School, located in New Delhi, Peyush headed to Montreal, Canada. He pursued an active study between 2002 and 2006, namely Electrical Engineering-IT, Control and Automation, at McGill University. Following that, he enrolls at the Indian Institute of Management, Bangalore for Management from 2008-2009. 

>Career of Lenskart Owner

Soon after graduation, he joined Microsoft in the USA. After spending almost three years at the company, he decided to call it quits and head back to India in 2007. The year he earned his management degree, which was 2008, he founded SearchMyCampus.

Then, in 2010, he realized the existing gaps in the eyewear business and founded Lenskart with Amit Chaudhary, while Sumeet Kapahi joined Lenskart, arriving from another eyewear brand. He then established three other e-commerce companies under the name Valyoo Technologies, namely WatchKart, JewelsKart, and BagsKart, which were closed in favor of eyewear.

>Married Life of Piyush and Nidhi

Peyush, marrying in 2011, chose Nidhi Bansal as his wife. They have a son together, Ivaan.

“Peyush Bansal’s journey from a young entrepreneur to a business heavyweight is an inspiring saga for any aspiring businessman. Due to his relentless dedication toward Lenskart and his appearance as an investor on the show Shark Tank India, he has earned greatness among the richest and most powerful personalities in the industry. His foresight and action-led initiative, combined with a measure of application and determination, would escalate his existing wealth with a gracious burst, for he possesses quite a few skills and talents.”

FAQs About Piyush Bansal

1. What is the net worth of Peyush Bansal?

Ans. The net worth of Peyush Bansal is estimated to be around $80 million or Rs 600 crores. 

2. Who is the CEO of Lenskart?

Ans. Peyush Bansal is the CEO, MD & Chairman of Lenskart. 

3. How many companies has Peyush Bansal invested in?

Ans. Peyush Bansal has invested in around 90 companies, founded 7 companies, and sits on the board of 3 companies.

4. How much percentage does Peyush Bansal own in Lenskart?

Ans. Peyush owns 8.21% equity in the company, which is valued at over $5.6 billion. 

5. What is the monthly income of Peyush Bansal?

Ans. Peyush earns over ₹40 Crores monthly.

Judges in Shark Tank India:-

Radhika Gupta
Azhar Iqubal
Vineeta Singh
Aman Gupta
Ashneer Grover
Ritesh Agarwal
Namita Thapar
Deepinder Goyal