One of the most searched terms on the internet right now is Shark Tank India judge and CEO of Lenskart Peyush Bansal net worth. Lenskart (leading eyewear company) co-founder and CEO Peyush Bansal is a part of the seven-member jury of Shark Tank India. He is one of the most successful entrepreneurs from India. The investors or ‘sharks’ of Shark Tank India are making headlines after appearing on the television show aired on Sony TV.
Fortune India listed Peyush Bansal among the “Best 40 under 40 entrepreneurs” in 2019. In this article, we will discuss the net worth of Peyush Bansal.
Who is Peyush Bansal?
Peyush Bansal was born on April 26, 1985, in New Delhi, India. He was born and raised in a middle-class family.
He did his schooling at The Don Bosco School in New Delhi. He got his electrical engineering bachelor’s degree from McGill University in Canada. He traveled there to pursue his diploma.
When he went to Canada to pursue his education, he didn’t have enough funds to meet his basic necessities. He worked part-time as a receptionist to satisfy his wants while he was a student.
He continued with his post-graduate studies after returning to India. He received his postgraduate degree in MPEFB from The Indian Institute Of Management IIM Bangalore.
Peyush Bansal before Lenskart
Peyush Bansal started his career by working as a Program Manager at Microsoft, Redmond, Washington. One year after quitting his job, Peyush moved back to India with a vision to start something of his own. Before developing Lenskart, he founded several businesses and startups.
After quitting his position as a program manager, Peyush launched a number of enterprises. He launched a service for university classifieds, SearchMyCampus in 2007. Through the SearchMyCampus portal, students from different schools and institutions can connect with a variety of service providers like internships, transportation, books, part-time jobs, and housing.
Peyush Bansal also started up a few more businesses after that. His ventures dealt with varying degrees of success.
In 2010, Peyush Bansal along with Sumeet Kapathi and Amit Chaudhary established Lenskart
When he started the business, they just offered contact lenses. But the business expanded and after a year they started to offer eyewear (sunglasses and specs frames) as well. Lenskart Net worth became a unicorn in 2019 and Peyush Bansal Net Worth reached a new level. If you are wondering what is a unicorn, a unicorn is a privately funded startup that is worth more than $1 billion.
Today, Lenskart has revolutionized the eyewear industry. Lenskart brand ambassadors included Katrina Kaif and Bhuvan Bam.
Peyush Bansal family and Lifestyle
Piyush was born to a chartered accountant father Bal Kishan Bansal, and his mother is Kiran Bansal. He has two siblings. His sister’s name is Neha Bansal. Peyush Bansal wife is Nidhi Mittal. They got married in June 2011 and the couple has a son together. Peyush owns some luxury cars and house where he lives with his family.
Lenskart revenues and valuation
After Softbank invested around $275 million, the company, Lenskart had a valuation of $1.5 billion in 2019. The company generated total revenue of ₹1000 Cr+ in the year 2020, and presently, the net worth of Peyush is Rs 600 crores.
Peyush Bansal net worth
In the year 2010, twelve years ago, Lenskart was founded by Peyush Bansal, Sumeet Kapathi, and Amit Chaudhary. Lenskart invested in numerous eyewear startups of Peyush like John Jacobs, AquaLens, LensKart plus, and Lenskart vision fund. Peyush has also invested in multiple startups through the show Shark Tank India in both seasons.
As of 2020, Lenskart reportedly operated over 990 locations covering more than 70 Indian cities and now Lenskart has over 500 stores. The manufacturing facility in New Delhi reportedly produces about five crore pairs of glasses every month. In Rajasthan, an automated plant is being constructed by the business which will serve as its mega unit. The mega unit is estimated to about produce five crore pairs of glasses annually.
Peyush Bansal net worth has been estimated to be approximately $80 million as per varied sources. At the age of 37, Peyush Bansal net worth is almost Rs 600 crores. Lenskart is a leading eyewear brand in the country.
Besides investing in companies on Shark Tank India, Peyush has also made major investments in companies like Feedo and dailyobjects.com.
Also read: 6 Times Peyush Bansal Proved That He Is More Than Just An Investor On Shark Tank India