The 36-year-old CEO of Lenskart, Peyush Bansal, has a net worth of 600 crores and is considered one of India’s most successful entrepreneurs.
Early life and career
Peyush Bansal was born in New Delhi, India, on April 26, 1985. He attended Don Bosco High School and graduated from McGill University in Canada. He completed his postgraduate studies at The Indian Institute of Management Bangalore.
Peyush began working as a Program Manager at Microsoft in Redmond, Washington, after graduating in 2007. There, he concentrated on enhancing the client experience. He worked there for almost a year before resigning and returning to India.
While he was content with his job in the United States, he resigned and returned to India. Peyush had steady employment throughout the ‘Great Recession of 2007-09, which disrupted the global economic structure, yet turning it down shocked his family and friends.
He wanted to start his own business in India, so he started looking for business ideas.
In 2007, Bansal launched SearchMyCampus, a college classifieds site. The website connected college students to various service providers, including accommodation, internships, transportation, books, and part-time jobs.
Peyush, Amit Chaudhary, and Sumeet Kapahi launched Lenskart, an online contact lens store, in 2010. Within a year, the company that began by selling just contact lenses had extended its operations to include the sale of eyeglasses and sunglasses.
You may evaluate Lenskart’s success because it is one of the most popular eyewear companies today.
SoftBank, a Japanese global business, has invested in the company. It got around $275 million from its second ‘Vision Fund.’ The Masayoshi Son-led company’s first investment in India from the ‘Vision Fund II.’
The current market value of Lenskart is believed to be over $ 2.5 billion.
According to estimates, Bansal’s net worth is $ 1.3 billion. Fortune India ranked him among its ’40 under 40 entrepreneurs’ for 2019.