January 31, 2023
Celebrities

Peyush Bansal Net Worth, Biography and Career

Peyush Bansal Net Worth

If you have been a part of the online world, you definitely have checked Lenskart. This is a popular brand known for providing online glasses at the most affordable prices. Peyush Bansal is a renowned entrepreneur and businessman from India who owns Lenskart. You definitely have seen him in Shark Tank, who is making a huge buzz in the market.

This renowned and successful businessman was born in New Delhi in 1985. He belonged to a very middle-class family and was raised accordingly. He completed his schooling at Don Bosco, New Delhi, and then he decided to travel to Canada to take his diploma degree. After getting his degree in electrical engineering from McGill University in Canada, he decided to return to India and take his post-graduation journey. He post-graduated from IIM Bangalore in MPEFB.

Net Worth of Peyush Bansal

Peyush Bansal and his co-founders Amit Chaudhuri and Sumit Kapathi started Lenskart 12 years back. In the year 2010, this Online eyewear brand was established. Standing in 2022, it has been reported to operate in more than 990 locations in almost 46 cities across India. Lenskart is not only an app that you can download, but also they have a retail shop present in every location.

Although the brand is present everywhere, the manufacturing facility of this brand remains in New Delhi. This eyewear brand produces more than five crores of eyewear every month. It has been heard that they have started taking the business to a new level by constructing a mega unit with an automated plant in Rajasthan. It has been estimated that Peyush Bansal net worth is somewhere around $1.5 billion.

Katrina Kaif has also been a part of this brand and served as a brand ambassador of Lenskart in October 2017. Then Bhuvan Bam started appearing who was the first male brand ambassador in March 2019. Then the brand announced in 2022 the purchase of Japanese eyewear named Owndays, which is around a $400 million deal.

Biography of Peyush Bansal: 

Peyush Bansal is the co-founder and CEO of his eyewear company, called Lenskart. This is an online eyewear company that provides prescription eyewear without the need to visit any retail shop. In 2022, he appeared in the news for the most popular TV show on Sony called Shark tank. This Lenskart owner has started appearing as a role model for many budding entrepreneurs.

After the successful completion of Shark Tank season one, this TV show has started a new season of Shark Tank. Peyush Bansal is again going to appear in season two and show his talent and provide information to budding entrepreneurs.

Career of Peyush Bansal: 

After quitting his position at several enterprises as a program manager, he launched the SearchMyCampus portal. This was the very first thing done by Peyush Bansal. It is a service provided by universities. Students from a range of institutions and schools can easily connect with a range of service providers, which includes books, internships, part-time jobs, transportation, and housing, by the use of this portal.

After this, he again started several other businesses and acquired different degrees of success until he started Lenskart with his co-founders. In 2010, he and his co-founders Amit Chaudhary and Sumit Kapathi decided to establish Lenskart. Initially, this business started just by offering contact lenses. However, just after a year, they started taking the business to a new level by offering eyewear.

The rest of the career is certainly transparent to everyone. We all know that Lenskart is a popular brand when it comes to eyewear. Every one of us has once used the service and has definitely loved it.

Study background of Peyush Bansal: 

Being a part of a middle-class household, he received general standing like anyone of us. He completed his early schooling at Don Bosco, Delhi. Being an intelligent student who consistently performed well, especially in his boards, he wanted to get admission to IIT after completing 12th board education. However, it was not possible. He made a lot of effort but could not pass the IIT entrance exam.

After that, he continued his battle with his parents and managed to move to Canada to pursue his studies. He got enrolled at Mcgill University Canada and completed a bachelor’s degree in electrical engineering. After studying, he was able to make the successful life that he has become today. Even after pursuing education in Canada, he returned to India for post-graduation, where he met his seniors who worked in coding while performing the duties.

Beyond a successful businessman and owner, he is also a family man and a loving husband.

author
Ajay Yadav is a data driven digital marketer and a technical blogger that loves to write on trending technology topics including Artificial Intelligence, Machine Learning, Cloud Computing, Salesforce CRM, SAP and many more. He is always eager to learn new things and concepts.