Peyush Bansal (born 26 April 1985) is an Indian entrepreneur, business executive and an angel investor. He is the co-founder and CEO of Lenskart, an Indian multinational optical prescription eyewear retail chain, based in Gurugram. He is also a shark at the show Shark Tank India.
Early life and education
He was born into the Hindu Bansal family of Bal Kishan and Kiran Bansal. He went to the United States for a job at Microsoft but later quit to start his own business. Then he started a new venture, selling eyewear online in the USA. He studied at McGill University in Montreal, Canada. He started another venture called Valayoo Technologies.
He completed his engineering degree from the Indian Institute of Technology (IIT) Delhi. After that, he pursued an MBA from the Indian Institute of Management (IIM) Bangalore.
Career and Startup Fundings
In 2007, he came back to India and started SearchMyCampus.com, which helps college students find jobs.
In 2009, he started his another venture named Flyer got success initially but later on diminished. He scrapped the venture in November 2010.
Before founding Lenskart, Bansal worked at various companies, including Microsoft and a startup in the U.S., which gave him valuable experience in technology and business management. His experiences motivated him to create a solution for the eyewear market in India, leading to the launch of Lenskart in 2010. His vision was to make eyewear more accessible and affordable through an online platform.
He started his own business named Lenskart along with Amit Chaudhary in 2010. In 2011, they were joined by Sumeet Kapahi, who worked for another eyewear brand.
After starting Lenskart, he started other ventures with similar names WatchKart, JewelsKart and BagsKart.
Television
Bansal is one of the major investors/judges on the business reality show Shark Tank India.
In 2022, Bansal along with the other Shark Tank India judges appeared as a VIP contestant in Kaun Banega Crorepati. He also appeared as a guest on The Kapil Sharma Show together with other Shark Tank India judges