Peyush Bansal was born on April 26, 1985, in New Delhi, India. He attended Don Bosco School in Delhi, where he laid the foundation for his academic journey. Driven by a passion for technology and innovation, Peyush pursued a degree in Electrical Engineering from McGill University in Canada, specializing in IT, control, and automation. Later, he enhanced his business acumen with an MBA from the Indian Institute of Management, Bangalore.
The Spark of Entrepreneurship
After completing his studies, Peyush started his career as a Program Manager at Microsoft in the United States. While working at Microsoft, he was inspired by the company’s impact on people’s lives and wanted to create a similar legacy. This motivation led him to leave his stable corporate job and return to India to pursue entrepreneurship.
His first venture, SearchMyCampus, aimed to help college students find jobs and services. This experience gave him valuable insights into the Indian startup ecosystem and prepared him for his next big leap.
Founding Lenskart: A New Vision for Eyewear
In 2010, Peyush Bansal co-founded Lenskart with Amit Chaudhary and Sumeet Kapahi. The company started by selling prescription contact lenses online, but soon expanded its offerings to include eyeglasses and sunglasses. Peyush’s vision was clear: make quality eyewear accessible, affordable, and fashionable for everyone in India.
At the time, the Indian eyewear market was largely unorganized, with over 90% of the sector fragmented and underserved. Peyush saw this as a huge opportunity. He aimed to provide vision correction and eye health awareness to millions, conducting around 15,000 eye exams daily through Lenskart’s network.
Innovative Approach to Retail
Peyush revolutionized eyewear shopping in India by combining online convenience with offline experience. Lenskart introduced virtual try-ons and home eye check-ups, making it easier for customers to choose the right frames and lenses from the comfort of their homes. The company also expanded its physical presence, opening stores across the country to reach customers in every corner.
This omnichannel strategy helped Lenskart become a household name, known for its quality products, customer service, and innovative shopping experiences.
Growth and Impact
Under Peyush’s leadership, Lenskart has grown rapidly, securing multiple rounds of funding and expanding internationally. The company’s commitment to quality and affordability has helped millions of Indians access better vision care. Peyush’s focus on understanding customer needs and delighting them with new experiences has been central to Lenskart’s success.
Today, Lenskart is valued as a multi-million-dollar business and is considered one of India’s leading eyewear brands.
Beyond Business: Investments and Mentorship
Peyush Bansal is not just a successful entrepreneur; he is also an active angel investor and mentor. He has invested in numerous startups across sectors such as food and beverage, e-commerce, logistics, healthcare, and artificial intelligence. His investments often support young entrepreneurs, helping them scale their businesses and navigate challenges.
As a judge on ‘Shark Tank India’, Peyush has become a respected figure in the entrepreneurial community. His sharp business acumen, insightful feedback, and supportive mentorship have inspired many aspiring founders to pursue their dreams. He emphasizes innovation, sustainability, and social responsibility in business, encouraging startups to create a lasting impact.
Lifestyle and Personal Values
Peyush’s success is reflected in his sophisticated lifestyle. He resides in a luxurious home and often travels for business and leisure. Known for his elegant fashion sense, he is frequently seen in designer brands at public events. Despite his achievements, Peyush remains grounded, attributing his success to hard work, dedication, and a relentless pursuit of excellence.
He is also committed to giving back to society. Peyush supports philanthropic initiatives focused on education and health, and Lenskart engages in community programs to raise awareness about eye health. He believes in using his platform to make a positive difference and inspires others to contribute to societal well-being.
Vision for the Future
Looking ahead, Peyush Bansal aims to expand Lenskart’s footprint internationally and continue investing in innovative startups. He envisions building a vibrant entrepreneurial ecosystem in India that fosters creativity, technological advancement, and social responsibility. Peyush’s goal is to make eyewear accessible to at least 50% of India’s population, transforming the country’s vision care landscape.
He often states his ambition for Lenskart to become the “Maruti of eyewear in India,” making quality glasses as common and essential as cars are for mobility. His long-term vision includes creating a global impact and leaving a legacy that inspires future generations of entrepreneurs to dream big and act boldly.
Peyush Bansal’s journey from a young engineer in Delhi to the founder and CEO of Lenskart is a testament to the power of vision, innovation, and perseverance. By identifying a gap in the market and relentlessly pursuing his mission, he has transformed the way India shops for eyewear and set new standards for customer experience and business growth.
As an entrepreneur, investor, mentor, and social contributor, Peyush continues to shape the Indian startup ecosystem, inspiring countless others to follow in his footsteps. His story is a powerful reminder that with the right vision and determination, one can truly change the world—one pair of glasses at a time.
