Peyush Bansal is the co-founder and CEO of the leading eyewear brand, Lenskart. He is one of the most passionate entrepreneurs who abruptly quit his stable job in America and came to India to start his own venture in the eyewear industry. His aim – address the problem of visual deprivation on a global scale. Starting out initially with just contact lenses, Lenskart now deals in eyeglasses, sunglasses, and more. Peyush has recently become a popular face on Indian television after his appearance as one of the sharks in the famous TV show, Shark Tank India.

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• Peyush was born in Delhi to a middle-class family.
• He had a career job before shifting to entrepreneurship.
• His keenness towards solving vision deprivation led to the launch of Lenskart.

• Peyush did his schooling at Don Bosco School, Delhi
• He completed his bachelor’s in electrical engineering in 2006 from McGill University, Canada.
• Peyush did post-graduation in entrepreneurship from IIM Bengaluru.

• In 2007, Peyush joined as a program manager at Microsoft.
• The same year, he launched a campus classified portal, searchmycampus.com, which provided various services to college students.
• In 2008, Peyush founded Valyoo Technologies and started selling eyewear online in the USA.
• He co-founded Lenskart, an Indian eyewear brand, along with Amit Chaudhary and Sumeet Kapahi in 2010.
• In December 2021, Peyush appeared as one of the sharks in the TV show, Shark Tank India.

“Your most unhappy customers are your greatest source of learning,” said Bill Gates, Peyush Bansal’s long-time hero and ex-employer. Inspired by this lesson, Peyush Bansal a young engineer from Delhi quit Microsoft more than a decade ago and started Lenskart. Lenskart, since then, has revolutionised the eye care market in India. Bansal is the CEO of the company, which is India’s fastest growing eyewear business generating business revenue of over INR 1,000 crores.

Peyush Bansal started Lenskart in 2010, selling contact lenses online. Within a few months, the company added sunglass and eyeglass to its offerings and later added retails stores to enhance the customer experience. Since then, he has led the company to its current position as one of the most successful start-up stories from India, reporting immense growth, and recently entered the unicorn club.

With Peyush Bansal at the helm, Lenskart is relentlessly pursuing its goal of revolutionizing the eye-wear industry by making affordable eyewear accessible to all. The company has investing giants such as Softbank and TPG Growth backing it. In December 2020, it announced raising of more than INR 1800 crores from Softbank Vision Fund.

Known among his peers as a person with impeccable high standards, Peyush electrifies his workforce and inspires his team. He studied at McGill University (Montreal) and earned the honour of being on the Dean’s List in addition to winning the ‘British Honor’s Award’, a singular achievement at the varsity at that time.

Lenskart has emerged as a key player in India’s eyewear market, revolutionising accessibility to eye-care products across cities through its dual online and offline presence. 

Founded as an online eyewear portal, Lenskart has grown into a nationwide brand with over 320 stores across tier-1 and tier-2 cities, processing about 300,000 monthly orders. 

This reach and operational expansion have powered Lenskart’s growth, but profitability remains challenging—a trend seen in its recent FY23 performance summary.

• Industry – Healthcare | Sector – Health Care Equipment & Supplies | Subsector – Eye Care Products
• Founded – 2008
• Headquarters – New Delhi, India
• Key investors are Softbank, Abu Dhabi Investment Authority PE, Kedaara Capital, Premjiinvest and Alpha Wave Global
• Competitors: LensBazaar, Titan Eye Plus, EyeMyEye.
• Team is managed by Amit Chaudhaury and Peyush Bansal

FY 2024 (Consolidated). Source: MCA Filing.

• Revenue (FY24): ₹5,610Cr
• PAT (FY24): ₹10 Cr
• Employee Count: 3,250 (as of Mar 2024) 
• YOY Revenue Growth: 2023 – 142.7% | 2024 – 43%

The company has demonstrated a robust growth trajectory in revenue over the past six years. This upward momentum continued from FY 2023 to FY 2024, with revenue increasing by approximately 43% from ₹3,928 crore to ₹5,610 crore.

• Peyush was honoured with British Association Medal in 2006 by McGill University.
• His Valyoo Technologies was recognized as one of the top 100 Asia companies by Red Herring in 2010.
• Peyush was awarded the emerging entrepreneur of the year in 2012 by Indian E-tail.
• Lenskart was awarded Marketing Sherpa Email awards in 2014.
• Peyush received the India TV Yuva awards (in the business category) in 2015.
• He was also listed in Fortune India’s Best 40 under 40 entrepreneurs in 2019.

Hydrophonic Farming

Investment Details

Season: Shark Tank INDIA Season 3

Original Ask: ₹ 75 Lakhs for 3% equity @ ₹25 Crore Valuation

Got Investment: Yes

Deal: ₹ 75 Lakhs for 15% Equity + 2% Royalty till 1.5 Crores is Recouped

Investment By: Peyush Bansal

Nail Art Brand

Investment Details

Season: Shark Tank INDIA Season 3

Original Ask: ₹ 25 Lakhs for 25% Equity @ ₹1 Crore Valuation

Got Investment: Yes

Deal: ₹ 25 Lakhs for 25% Equity

Investment By: Peyush Bansal

Hearing Solutions

Investment Details

Season: Shark Tank INDIA Season 3

Original Ask: ₹ 2.5 Crores for 1% Equity @ ₹250 Crore Valuation

Got Investment: Yes

Deal: ₹ 2.5 Crores for 1% Equity + 1.5% Advisory Equity, Conditional Offer

Investment By: Peyush Bansal

Unique Prebiotic Chocolates with haldi, Prebiotic Milkshake and Teff Grain based products such as Puffs

Investment Details

Season: Shark Tank INDIA Season 2

Original Ask: ₹ 1 Crore for 1% Equity @ ₹100 Crore Valuation

Got Investment: Yes

Deal: ₹50 Lakhs for 1% Equity and ₹ 50 Lakhs Debt @10% Interest

Investment By: Peyush Bansal

Quality turbans and personal care products for Sikhs

Investment Details

Season: Shark Tank INDIA Season 2

Original Ask: ₹ 50 Lakhs for 5% Equity @ ₹10 Crore Valuation

Got Investment: Yes

Deal: ₹ 50 Lakhs for 10% Equity (Condition – Peyush has the option to invest an additional ₹ 75 Lakhs at the same valuation)

Investment By: Peyush Bansal

AI-based vision therapy website

Investment Details

Season: Shark Tank INDIA Season 2

Original Ask: ₹ 40 Lakhs for 5% Equity @ ₹8 Crore Valuation

Got Investment: Yes

Deal: ₹ 50 Lakhs for 10% Equity

Investment By: Peyush Bansal

24×7 guidance and tracking app for pregnant mothers

Investment Details

Season: Shark Tank INDIA Season 2

Original Ask: ₹ 70 Lakhs for 1% Equity @ ₹70 Crore Valuation

Got Investment: Yes

Deal: ₹ 10 Lakhs for 1% Equity and ₹ 60 Lakhs Debt @ 10% Interest

Investment By: Peyush Bansal

Motorised Wheelchair

Investment Details

Season: Shark Tank INDIA Season 2

Original Ask: ₹ 1 Crores for 1% Equity @ ₹100 Crore Valuation

Got Investment: Yes

Deal: ₹ 1 Crores for 1% Equity (Condition – Peyush Bansal will receive 5% of profits till he receives ₹ 1 Crore which will be donated)

Investment By: Peyush Bansal

Motorcycle Canopy

Investment Details

Season: Shark Tank INDIA Season 2

Original Ask: ₹ 50 Lakhs for 1% Equity @ ₹50 Crore Valuation

Got Investment: Yes

Deal: ₹ 50 Lakhs for 2% Equity

Investment By: Peyush Bansal

Sports & Fitness

Investment Details

Season: Shark Tank INDIA Season 2

Original Ask: ₹ 40 Lakhs for 4% Equity @ ₹10 Crore Valuation

Got Investment: Yes

Deal: ₹ 40 Lakhs for 10% Equity

Investment By: Peyush Bansal

Insurance Solutions

Investment Details

Season: Shark Tank INDIA Season 1

Original Ask: ₹ 1 crore for 1% Equity @ ₹100 Crore Valuation

Got Investment: Yes

Deal: ₹ 1 Crore for 4% Equity

Investment By: Peyush Bansal

Perfumes

Investment Details

Season: Shark Tank INDIA Season 1

Original Ask: ₹ 50 Lakhs for 8% Equity @ ₹6.25 Crore Valuation

Got Investment: Yes

Deal: ₹ 50 Lakhs for 50% Equity

Investment By: Peyush Bansal

• Website: Visit Isak Fragrances Website
• Pitch: Watch Isak Fragrances Shark Tank Pitch

Pre Shark Tank: ₹ 3.5 Lakhs (monthly)

Post Shark Tank: ₹ 30 Lakhs (monthly)

Agricultural Innovations

Investment Details

Season: Shark Tank INDIA Season 1

Original Ask: ₹ 30 Lakhs for 10% Equity @ ₹3 Crore Valuation

Got Investment: Yes

Deal: ₹ 10 Lakhs for 40% Equity & ₹20 Lakhs Debt

Investment By: Peyush Bansal

Inventions

Investment Details

Season: Shark Tank INDIA Season 1

Original Ask: ₹ 47 Lakhs for 10% Equity @ ₹4.7 Crore Valuation

Got Investment: Yes

Deal: ₹ 25 Lakhs for 75% equity & 22 Lakhs Debt

Investment By: Peyush Bansal

Delicacies

Investment Details

Season: Shark Tank INDIA Season 1

Original Ask: ₹ 65 Lakhs for 2% Equity @ ₹32.5 Crore Valuation

Got Investment: Yes

Deal: ₹ 40 Lakhs for 3%equity and ₹25 Lakhs Debt

Investment By: Peyush Bansal

Pothole Detection Software and Data

Investment Details

Season: Shark Tank INDIA Season 1

Original Ask: ₹ 80 Lakhs for 10% equity @ ₹8 Crore Valuation

Got Investment: Yes

Deal: ₹ 80 Lakhs for 20% Equity

Investment By: Peyush Bansal

Robotics and Automation Solutions

Investment Details

Season: Shark Tank INDIA Season 1

Original Ask: ₹ 50 Lakhs for 4% equity @ ₹12.5 Crore Valuation

Got Investment: Yes

Deal: ₹ 25 Lakhs for 25% equity and ₹25 Lakhs debt

Investment By: Peyush Bansal