Peyush Bansal: Founder & CEO of Lenskart

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 Lenskart, one of India’s most successful eyewear companies, was founded in 2010 by Peyush Bansal, along with co-founders Amit Chaudhary and Sumeet Kapahi. Bansal, a former Microsoft employee, returned to India from Canada with a vision: to make quality and affordable eyewear accessible to millions who lacked proper vision care.

Before Lenskart, Bansal launched Valyoo Technologies in 2008, exploring multiple e-commerce ventures. In 2010, he decided to focus entirely on eyewear, marking the official beginning of Lenskart. Starting as an online platform, the company initially offered spectacles, sunglasses, and contact lenses, later expanding into physical stores across India.

Who Owns Lenskart Today?

 Today, Peyush Bansal continues to lead Lenskart as its CEO and main owner. While global investors like SoftBank, KKR, and Temasek have funded the company, Bansal remains the guiding force behind its growth, innovation, and long-term strategy.

A key milestone under his leadership has been local manufacturing. Lenskart set up one of India’s largest eyewear factories in Bhiwadi, Rajasthan, producing millions of lenses and frames monthly. This not only reduced reliance on imports but also aligned with India’s Make in India initiative.

Bansal also spearheaded Lenskart’s international expansion, establishing a presence in markets like Singapore, Dubai, and Southeast Asia, bringing Indian entrepreneurship to the global stage.

How Did Lenskart Become a Leading Eyewear Brand?

Lenskart’s rise is built on technology, innovation, and customer trust. The brand introduced free eye check-ups, doorstep delivery, and AI-powered virtual try-ons, bridging the gap between online shopping and in-store experiences.

By expanding into Tier 2 and Tier 3 cities, Lenskart made quality vision care accessible to millions, while its franchise model created business opportunities for local entrepreneurs.

As of 2025, Lenskart operates over 2,000 stores in India and internationally, serving millions of customers annually. With a valuation exceeding $5 billion, it is one of India’s most prominent unicorn startups.

Quick Facts at a Glance

• Founder: Peyush Bansal (with Amit Chaudhary and Sumeet Kapahi)

• Established: 2010 (under Valyoo Technologies Pvt Ltd)

• Headquarters: Gurugram, Haryana

• CEO & Owner: Peyush Bansal

• Stores: 2,000+ in India and abroad

• Valuation: Approx. $5 billion (2025)

• Mission: Make eyewear affordable and accessible for everyone

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