Peyush Bansal Biography, Net Worth, Company, Age, Family will be discussed here. Read the article to know more. It was an overwhelming roller coaster ride for Peyush Bansal, who quit his job in America and abruptly came to India to launch a leading eyewear brand. Co-Founder and CEO of Lenskart held a degree from IIM Bangalore and was employed by Microsoft, but fate had other plans for him, and he is now one of the top businessmen in India. Since he became an investor, he has become a household name through Shark Tank India’s reality series.
Peyush Bansal Biography
Peyush Bansal Early Life – Peyush was born in Delhi, India, and attended Don Bosco School (Greater Kailash-II, New Delhi) for his first three years of schooling. In Canada, he studied electrical engineering at McGill University. Also, from the Indian Institute of Management Bangalore, Bansal holds a diploma in entrepreneurship.
Career – In 2007, Peyush Bansal became the CEO of Lenskart and established the company. He worked as a programmer for Microsoft before becoming the CEO of Lenskart. He set up Searchmycampus.com and Valyoo Technologies as well. In the US, these two technologies are experts in selling glasses online.
Peyush Bansal Net Worth
Peyush Bansal Startup – From 2007 to 2009, after returning to India, he founded several startups and earned a management diploma in entrepreneurship from the Indian Institute of Management Bangalore. The big breakthrough came with the startup Lenskart in 2010, where his Search My Campus and others didn’t go well.
Bansal stands at 1.3 billion in net worth. According to the latest news, his company reached a market cap of $10 billion. Investments are in good hands with Peyush. His achievements include winning the 2013 Red Herring Top 100 Asia Award.
Peyush Bansal Investments
Feedo in August 2020 accounted for $ 700,000 of his investments. DailyObjects was one of his investments.
|Famous For||Lenskart Co-Founder and CEO|
|Date of Birth||26 April 1985|
|Place of Birth||New Delhi, India|
|Height||5 Feet 7 inches|
Peyush Bansal Company
Lenskart began selling contact lenses online in Delhi NCR in 2010, founded by Peyush Bansal and Amit Chaudhary. It also started selling eyeglasses and sunglasses in 2011.
Lenskart has established itself as one of the top eyewear brands with its success.
SoftBank, a Japanese multinational conglomerate, also invested in the company. The startup received approximately $275 million from its second’ Vision Fund. Also, this was the first investment from ‘Vision Fund-II’ by Masayoshi Son’s group in India.
Currently, Lenskart is valued at approximately $ 2.5 billion.
Peyush Bansal family
Nimisha Bansal is his wife. He is the son of Kiran Bansal. He also has an older brother.
Awarded and Recognized
- Awarded as one of the top 100 Asia companies in 2012 by Red Herring
- In 2012, the Indian E-tail Awards named her Emerging Entrepreneur of the Year
- Peyush Bansal was named one of India’s Hottest Business Leaders under 40 by the Economic Times
Peyush Bansal Profession
Peeyush Bansal took over as CEO of Lenskart after founding the company. He worked for Microsoft as a programmer before becoming the CEO of Lenskart. Peeyush has also established Searchmycampus.com and Valyoo applied sciences. Two technologies were used in the US to sell glasses online.
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Peyush Bansal Facts
Originally from Delhi – A true megacity, Delhi is where Bansal was born. Thus, it is not surprising that it is unique in various ways. Delhi is indeed a union territory, but it shares many similarities with one of India’s states, as evidenced by its own legislative and judicial bodies. Furthermore, its urban area is not restricted to its borders but encompasses many of its surrounding cities, which have been pulled into its orbit by the sheer weight of its immense power.
Graduated from McGill University – The first school Bansal attended was an Indian school. He attended McGill University in Montreal, located in the province of Quebec in Canada. Quebec is known as a Francophone province to those unfamiliar with it. A very high proportion of Montrealers are fluent in English and French, making Montreal an unusual city. Students at McGill University are allowed to write in French for most courses, but English is the primary language of instruction.
Educated in electrical engineering – Electricity, electronics, and electromagnetism are all topics studied during his time as an electrical engineering student at school. Therefore, it has been further sub-divided into various areas based on practicality, such as electrical engineering and computer engineering. Electrical engineering is older than most people believe because it was born during the 19th century when telephones, electric telegraphs, and electric power were becoming more common.
Shark Tank’ Peyush Bansal
Bangalore’s Indian Institute of Management is where Bansal also studied entrepreneurship. It would seem that he made a very rational decision here. Managing a business involves various skills, which is why it is difficult. However, even a tiny mistake can have detrimental consequences for a start-up’s prospects in the long run, making it even more challenging to run a start-up as an entrepreneur.
Worked at Microsoft for a while – Bansal worked for Microsoft as a program manager. He left his position to become an entrepreneur proves that this wasn’t enough for him. Bansal is one of the success stories based on his current work.
His first start-up was not Lenskart. He has founded several start-ups before Lenskart. The company isn’t the first he has established in the eyewear sector. In 2008, Bansal founded Valyoo Technologies specializing in selling eyewear online in the United States, which Bansal founded. Bansal’s experience as an entrepreneur probably contributed to Lenskart’s current success, as he put that knowledge to use.
Peyush Bansal Company
Has a hybrid business model – As a click-and-mortar business, Bansal has a hybrid model. Essentially, this means that they have both online and offline operations. These operations enable businesses to reach a broader market. However, they are more complex in their implementation. As there are still vast swathes of Indians lacking or having minimal Internet access, this choice should not be surprising. As India continues to make serious efforts to make the Internet more accessible to Indian citizens, it will be interesting to see how Lenskart’s operations evolve in the future.