Among all the judges of Shark Tank India, Peyush Bansal is the favorite among most of the audience. The reason being his simplicity and helpful nature towards entrepreneurs.
Everyone remembers the episode of ‘Jugadu Kamlesh’ when Peyush took the heart of the audience of Shark Tank India.
Apart from the fact that he judged three seasons of Shark Tank India, and most probably season 4 as well, we know him as the founder and CEO of Lenskart.
He is not just a founder or a CEO, he is a great human being and in this article, we are going to inspire and tell you who actually Peyush Bansal is and how he made his fortune
| Full Name | Peyush Bansal |
| Date of Birth | April 26, 1985 |
| Place of Birth | New Delhi, India |
| Education | – Bachelor of Engineering (Hons.) in Electrical Engineering, McGill University- MPEFB Management Program, Indian Institute of Management Bangalore (IIMB) |
| Professional Title | Co-founder and CEO of Lenskart |
| Career Start | Worked at Microsoft in the USA before returning to India to start his entrepreneurial journey |
| Major Achievement | Co-founded Lenskart in 2010, which has grown to become a leading eyewear retail company in India |
| Awards and Recognitions | Recognized in various lists of top entrepreneurs in India |
| Marital Status | Married |
| Spouse | Nimisha Bansal |
| Children | 1 Son |
| Current Residence | New Delhi, India |
Story of Peyush Bansal as an Entrepreneur
Peyush Bansal was born on 26 April 1985 in a middle-class family. After studying at Delhi’s Don Bosco School, he wanted to go into IIT but couldn’t make it through.
This is when he decided to move out of the country and get an admission overseas. After working hard, he was admitted to McGill University, Canada where he completed his Bachelor’s degree in Electrical Engineering.
Only a few people know this, but while studying in Canada during 2002 and 2006 he used to work as a part-time receptionist to cover his living expenses in Canada.
After completing his studies, he joined Microsoft for almost a year but he had this entrepreneurial bug inside him which kept on telling him that this was not something you should be doing. He also completed the MPEFB- Management course from IIM Bangalore.
He came back to India in 2008 without having any business idea in his mind. What he had was a belief that he would do something good.
Coming back to India, he started a start-up called Searchmycampus.com where which they used to help students find hostels, coachings, jobs, libraries, etc.
Later on, he, with one of his friends founded Valyoo Technologies Pvt Ltd, which you now know as Lenskart.
The current valuation of Lenskart is $4.3 billion in July 2024 and the stake of Peyush Bansal in Lenskart currently is 8.21%.
Peyush Bansal Investments in Shark Tank India
As a judge in Shark Tank India, Peyush Bansal has made many great investments not just for his benefits and returns but to actually support the entrepreneurs and the entrepreneurial community in India.
He once said to Anupam Mittal in one of the episodes that he could make more money by investing this amount in his Lenskart than by investing in other companies but he is still investing just to support the people to grow themselves and the country.
| Startup | Industry | Investment Amount | Equity Stake |
| Jugaadu Kamlesh | Agriculture | ₹40 Lakhs | 40% Equity |
| Booz Scooters | Electric Vehicles | ₹1 Crore | 15% Equity |
| Farda | Fashion | ₹15 Lakhs | 5% Equity |
| The Yarn Bazaar | Textile Marketplace | ₹25 Lakhs | 5% Equity |
| Hammer Lifestyle | Consumer Electronics | ₹1 Crore | 40% Equity |
| Auli Lifestyle | Health and Wellness | ₹75 Lakhs | 15% Equity |
| Watt Technovations | Technology | ₹50 Lakhs | 4% Equity |
| In A Can | Food & Beverage | ₹50 Lakhs | 20% Equity |
| Skippi Ice Pops | Food & Beverage | ₹1 Crore | 15% Equity |
| Sunfox Technologies | Health Tech | ₹1 Crore | 6% Equity |
| Find Your Kicks India | E-commerce | ₹50 Lakhs | 10% Equity |
| Revamp Moto | Electric Vehicles | ₹1 Crore | 7.5% Equity |
| AAS Vidyalaya | EdTech | ₹1.5 Crore | 15% Equity |
Net Worth of Peyush Bansal
The current net worth of Peyush Bansal in July 2024 is estimated at $80 million which is ₹670 crores.
| Estimated Net Worth | Approximately $80 million (as of 2024) |
| Source of Wealth | – Primary: Lenskart- Secondary: Investments in various startups, particularly through Shark Tank India |
| Lenskart Valuation | Valued at over $4.3 billion (as of 2024) |
| Equity Stake in Lenskart | 8.21% |
Frequently Asked Question
What is Lenskart?
Lenskart is an eyewear store founded by Peyush Bansal that provides good quality eyewear at affordable prices.
Who is the founder of Lenskart?
Lenskart was founded by Peyush Bansal and Amit Chaudhary.
How can I contact Peyush Bansal?
You can contact Peyush Bansak via Linkedin, Twitter, or mail.
How many Lenskart stores are in India?
Lenskart has more than 1400 stores across India.
What is the valuation of Lenskart?
The current valuation of Lenskart is $4.3 billion in July 2024.
How much equity does Peyush have in Lenskart?
Peyush Bansal has 8.21% equity in Lenskart.
References:
- https://www.5paisa.com/finschool/peyush-bansal-success-story/
- https://blume.vc/commentaries/seeing-is-believing-peyush-bansal-on-building-with-clarity-absolute-customer-obsession-and-compounding-company-culture
- https://timesofindia.indiatimes.com/tv/news/hindi/from-starting-as-a-receptionist-to-creating-an-eyewear-brand-shark-tank-indias-peyush-bansal-opens-up-about-his-early-struggles-and-journey/photostory/108493038.cms
- https://economictimes.indiatimes.com/tech/funding/peyush-bansal-other-lenskart-founders-invest-20-million-in-new-funding-round/articleshow/111838072.cms?from=mdr
- https://slush.org/speakers/peyush-bansal-co-founder-and-ceo-of-lenskart/
- https://www.business-standard.com/companies/start-ups/lenskart-raises-200-million-in-secondary-round-at-5-billion-valuation-124060300598_1.html