From Receptionist To Lenskart Founder: Peyush Bansal’s Life Story & Success Story!
Peyush Bansal is an Indian Entrepreneur business executive and the CEO and co-founder of Lenskart. The journey of Lenskart began in 2011 and has since become a highly popular brand. In his early years, Peyush pursued his education abroad and worked at Microsoft. However, upon returning to India, he embarked on his entrepreneurial journey on a large scale. In December 2021, Peyush Bansal appeared as one of the sharks (judges) in “Shark Tank India“. In this article, we will delve into interesting facts about Peyush Bansal’s life journey, including his educational qualifications, family, wife, career, and more.
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Facts From Early Life and Education: Peyush Bansal’s Education qualification
Peyush Bansal went Abroad after Fighting with his Parents
- Peyush Bansal was born on April 26, 1985, in New Delhi.
- As of 2024, he is 49 years old.
- His parents’ names are Mr Bal Kishan Bansal and Mrs Kishan Bansal.
- He completed his early education at Don Bosco School in Delhi, where he excelled in his studies.
- During his intermediate classes, he started preparing for the IIT entrance exam.
- Despite not qualifying on his first attempt, Peyush remained determined and resilient.
- He fought against his parent’s objections to pursue higher education in Canada.
- Eventually, he enrolled at McGill University in Montreal, Canada, to study electrical engineering.
- Adjusting to life in Canada was challenging for Piyush as he didn’t have many facilities or a support network.
Peyush Bansal’s wife: Peyush Bansal’s love story-
- Peyush Bansal married Nidhi Bansal on 12 June 2011.
- The couple has a son.
- Nidhi Mittal, Peyush Bansal’s wife, serves as the Chairperson at an eyewear brand.
- Previously, Nidhi worked as a media professional and as a founder of a content marketing agency.
Also, read this- She Once Rejected a 1 Crore Salary Job: Shark Tank Vineeta Singh Biography!
Peyush Bansal Career Journey: Peyush Bansal lifestyle-
Peyush Bansal’s first job as a Receptionist to Coding Master-
- While studying engineering in Canada, Peyush Bansal faced financial constraints and began working part-time as a receptionist.
- Balancing college during the day with his evening job was challenging for Peyush.
- During his receptionist job, Peyush observed software coding in the nearby lab and became interested.
- He expressed his desire to learn coding and quickly grasped the fundamentals.
- Impressed by his skills, the company seniors offered Peyush a coding job.
- This opportunity allowed Piyush to apply the theoretical knowledge from college to practical coding work.
- Peyush Bansal found a strong connection with consumers through his coding job, which was a significant turning point for him.
Peyush Bansal Worked at Microsoft Company-
- Peyush Bansal developed an interest in engineering and computer science during his college years.
- He applied for an internship at Microsoft during his second year of college.
- Initially, Peyush was not selected in the interview process.
- However, he persevered and applied again, eventually receiving an offer from Microsoft for 3 months internship.
- After completing his engineering Peyush Bansal went to the US and worked at Microsoft company for one year.
Peyush Bansal Met Bill Gates:-
- While working at Microsoft internship, Peyush Bansal received an opportunity to visit the house of Microsoft founder, Bill Gates.
- This experience left a profound impact on him, as he realized the widespread influence of Microsoft’s software, such as MS Word and MS Excel, used by millions worldwide.
- Inspired by this visit, Peyush developed a passion for contributing to the success of Microsoft.
Lenskart Success Story: How Peyush Bansal started Lenskart?
- While working at Microsoft, Peyush Bansal discovered his passion for creating something unique and impactful, prompting him to leave his job and return to India in 2008.
- Leveraging his experience at Microsoft, Bansal began focusing on identifying customer niches and exploring potential business opportunities.
- Inspired by statistics indicating that only 25% of Indians had eyeglasses despite 40% needing them, Bansal conceptualized the idea for Lenskart.
- In 2011, Bansal and his team embarked on the journey of establishing Lenskart, facing numerous challenges during the initial phase, but gradually gaining popularity and recognition in India.
Challenges with Lenskart-
- Competition: Many reputed companies were already operating in the market, with high prices and low-quality options. Peyush Bansal addressed this challenge by offering quality guarantee, safety, and refund features at affordable prices.
- Online Business: Initially, the popularity of glasses online was low. Bansal tackled this by creating a glasses-friendly online environment through trends and marketing strategies.
- Virtual Try-On Feature: Lenskart introduced a feature allowing customers to virtually try on glasses online, enhancing the shopping experience.
- Home Eye Test: Recognizing the need to check eye measurements for glasses, Lenskart provided the service of sending employees to customers’ homes for eye tests, ensuring accurate prescriptions.
- Refund Policy: Lenskart implemented a refundable money feature, providing customers with peace of mind and confidence in their purchases.
- Physical Stores: Peyush Bansal strategically acquired already famous shops, leveraging their existing customer base and infrastructure to expand Lenskart’s reach.
What Is The Net Worth of Peyush Bansal: Peyush Bansal’s Total Net Worth in 2024-
- Peyush Bansal is an Indian entrepreneur and businessman. He is the co-founder and CEO of Lenskart.
- Peyush Bansal serves as a judge on Shark Tank India.
- He has earned recognition as a symbol of inspiration for aspiring entrepreneurs.
- As of 2024, Peyush Bansal’s net worth is estimated to be around Rs. 600 crores ($75 million).
Peyush Bansal on Shark Tank As a Shark-
- In December 2021, Peyush Bansal appeared as one of the sharks (judges) in the Indian business reality TV show ‘Shark Tank India.’
- The show is an Indian adaptation of the American show ‘Shark Tank.’
- It features entrepreneurs making business presentations to a panel of investors or sharks, who decide whether to invest in their company.
- ‘Shark Tank India’ is the Indian franchise of the American show ‘Shark Tank.’
- Season 1 aired on Sony LIV and Sony Entertainment Television from 20 December 2021 to 4 February 2022.