Peyush Bansal
{{Short description|Indian entrepreneur (born 1985)}}
{{Use dmy dates|date=May 2023}}
{{Use Indian English|date=May 2023}}
{{Infobox person
| name = Peyush Bansal
| image = Peyush Bansal.jpg
| image_caption = Bansal in 2013
| birth_date = {{birth date and age|df=y|1985|04|26}}
| birth_place = New Delhi, India
| nationality = Indian
| occupation = {{hlist|Entrepreneur|Businessperson|Investor}}
| education = {{ubl|Don Bosco School, New Delhi|McGill University (BEE)|IIM-Bangalore (Management Programme for Entrepreneurship and Family Businesses)}}
| organization = Lenskart (Chairman, MD & CEO)
| television = Shark Tank India (2021–present)
| height_ft =
| children = 1
}}
Peyush Bansal (born 26 April 1985) is an Indian entrepreneur, business executive and angel investor.{{Cite news |title=Shark Tank India's Jugadu Kamlesh shows his upgraded product model to investor Peyush Bansal; shares 'First year revenue target is Rs 5 crore' |work=The Times of India |url=https://timesofindia.indiatimes.com/tv/news/hindi/shark-tank-indias-jugadu-kamlesh-shows-his-upgraded-product-model-to-investor-peyush-bansal-shares-first-year-revenue-target-is-rs-5-crore/articleshow/97372986.cms |access-date=2023-03-09 |issn=0971-8257 |archive-date=9 March 2023 |archive-url=https://web.archive.org/web/20230309171227/https://timesofindia.indiatimes.com/tv/news/hindi/shark-tank-indias-jugadu-kamlesh-shows-his-upgraded-product-model-to-investor-peyush-bansal-shares-first-year-revenue-target-is-rs-5-crore/articleshow/97372986.cms |url-status=live }} He is the co-founder and CEO of Lenskart, an Indian multinational eyewear retail chain, based in Gurugram. He is also a "shark" at the show Shark Tank India.{{Cite news |title=Shark Tank India 2's Peyush Bansal recalls a heart-wrenching story: 'My father decided to give his extra oxygen cylinder during COVID, risking his life' |work=The Times of India |url=https://timesofindia.indiatimes.com/tv/news/hindi/shark-tank-india-2s-peyush-bansal-recalls-a-heart-wrenching-story-my-father-decided-to-give-his-extra-oxygen-cylinder-during-covid-risking-his-life/photostory/98514907.cms?from=mdr |access-date=2023-03-09 |issn=0971-8257 |archive-date=9 March 2023 |archive-url=https://web.archive.org/web/20230309171227/https://timesofindia.indiatimes.com/tv/news/hindi/shark-tank-india-2s-peyush-bansal-recalls-a-heart-wrenching-story-my-father-decided-to-give-his-extra-oxygen-cylinder-during-covid-risking-his-life/photostory/98514907.cms?from=mdr |url-status=live }}{{Cite web |title=Peyush Bansal Biography: Everything about Co-Founder and CEO of Lenskart who is investor in Shark Tank India. |url=https://m.jagrantv.com/en-show/peyush-bansal-biography-age-family-education-career-lenskart-shark-tank-photos-and-more-rc1026354 |access-date=2023-03-09 |website=Jagran TV |language=en |archive-date=9 March 2023 |archive-url=https://web.archive.org/web/20230309173941/https://m.jagrantv.com/en-show/peyush-bansal-biography-age-family-education-career-lenskart-shark-tank-photos-and-more-rc1026354 |url-status=live }}
Early life and education
He was born into the Hindu Bansal family of Bal Kishan and Kiran Bansal.{{Cite web |date=2023-02-25 |title=Shark Tank India's Peyush Bansal's luxurious lifestyle: A look at his Rs 600 crore net worth & expensive things he owns |url=https://www.financialexpress.com/lifestyle/shark-tank-indias-peyush-bansals-luxurious-lifestyle-a-look-at-his-rs-600-crore-net-worth-expensive-things-he-owns/2992353/ |access-date=2023-05-30 |website=Financialexpress |language=en |archive-date=30 May 2023 |archive-url=https://web.archive.org/web/20230530144039/https://www.financialexpress.com/lifestyle/shark-tank-indias-peyush-bansals-luxurious-lifestyle-a-look-at-his-rs-600-crore-net-worth-expensive-things-he-owns/2992353/ |url-status=live }} 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.{{Cite news |last=Poduwal |first=Sunanda |date=2011-11-06 |title=Peyush Bansal, founder of Lenskart in India, selling eyewear talks about his business journey |work=The Economic Times |url=https://economictimes.indiatimes.com/jobs/peyush-bansal-founder-of-lenskart-in-india-selling-eyewear-talks-about-his-business-journey/articleshow/10621495.cms?from=mdr&_oref=cook&from=mdr |access-date=2023-03-10 |issn=0013-0389 |archive-date=10 March 2023 |archive-url=https://web.archive.org/web/20230310021024/https://economictimes.indiatimes.com/jobs/peyush-bansal-founder-of-lenskart-in-india-selling-eyewear-talks-about-his-business-journey/articleshow/10621495.cms?from=mdr&_oref=cook&from=mdr |url-status=live }}
Career
In 2007, he came back to India and started SearchMyCampus.com, a classifieds website for college students.{{Cite web |date=2022-02-03 |title=5 Companies Peyush Bansal Started Before Lenskart Became Big |url=https://www.scoopwhoop.com/career/companies-peyush-bansal-started-before-lenskart-became-big/ |access-date=2023-03-10 |website=ScoopWhoop |language=en |archive-date=10 March 2023 |archive-url=https://web.archive.org/web/20230310023653/https://www.scoopwhoop.com/career/companies-peyush-bansal-started-before-lenskart-became-big/ |url-status=live }} As the website reached 20 employees, in June 2008, he registered a company called Valyoo Technologies in his parents' house in Greater Kailash, Delhi.{{cite news |title=A website for students: How Peyush Bansal become a successful entrepreneur |url=https://economictimes.indiatimes.com/tech/internet/a-website-for-students-how-peyush-bansal-become-a-successful-entrepreneur/articleshow/11664030.cms?from=mdr |access-date=21 January 2025 |work=The Economic Times |date=30 January 2012}} In 2009, he started another online venture named Flyrr, which was scrapped in November 2010.{{Cite web |title=Adjust Focus: How Peyush Bansal Built Lenskart Into A Profitable Unicorn |url=https://www.forbesindia.com/article/unicorn-tracker/adjust-focus-how-peyush-bansal-built-lenskart-into-a-profitable-unicorn/79911/1 |access-date=2023-03-10 |website=Forbes India |language=en |archive-date=15 January 2023 |archive-url=https://web.archive.org/web/20230115023041/https://www.forbesindia.com/article/unicorn-tracker/adjust-focus-how-peyush-bansal-built-lenskart-into-a-profitable-unicorn/79911/1 |url-status=live }}
In 2010, under Valyoo Technologies, he began an eyewear retail website named Lenskart along with co-founder Amit Chaudhary.{{Cite web |last=Sarkar |first=Ranju |date=2016-05-22 |title=Lenskart: Growing a category by improving access |url=https://www.business-standard.com/article/companies/growing-a-category-by-improving-access-116052200797_1.html |access-date=2023-03-10 |website=www.business-standard.com |language=en |archive-date=10 March 2023 |archive-url=https://web.archive.org/web/20230310022529/https://www.business-standard.com/article/companies/growing-a-category-by-improving-access-116052200797_1.html |url-status=live }} In 2011, they were joined by Sumeet Kapahi, who was working for another eyewear brand.{{Cite web |date=2022-06-22 |title=Lenskart Success Story: Journey Of Peyush Bansal |url=https://businessconnectindia.in/lenskart-success-story/ |access-date=2023-03-10 |language=en-US |archive-date=10 March 2023 |archive-url=https://web.archive.org/web/20230310023338/https://businessconnectindia.in/lenskart-success-story/ |url-status=live }}{{Cite web |title="It was about picking up each problem, and solving them" |url=https://www.fortuneindia.com/venture/it-was-about-picking-up-each-problem-and-solving-them/106039 |access-date=2023-03-10 |website=www.fortuneindia.com |date=2 October 2021 |language=en |archive-date=10 March 2023 |archive-url=https://web.archive.org/web/20230310023337/https://www.fortuneindia.com/venture/it-was-about-picking-up-each-problem-and-solving-them/106039 |url-status=live }} After Lenskart, he started three more e-commerce ventures under Valyoo Technologies called WatchKart, JewelsKart and BagsKart, but shut down the latter three to focus on eyewear.{{Cite web |date=2022-02-03 |title=5 Companies Peyush Bansal Started Before Lenskart Became Big |url=https://www.scoopwhoop.com/career/companies-peyush-bansal-started-before-lenskart-became-big/ |access-date=2023-03-10 |website=ScoopWhoop |language=en |archive-date=10 March 2023 |archive-url=https://web.archive.org/web/20230310023653/https://www.scoopwhoop.com/career/companies-peyush-bansal-started-before-lenskart-became-big/ |url-status=live }}{{Cite web |last=Choudhury |first=Saheli Roy |title=Indian eyewear start-up Lenskart plans to go public in the next three years, CEO says |url=https://www.cnbc.com/2021/07/23/india-eyewear-start-up-lenskart-plans-ipo-in-next-3-years-outlook-ceo.html |access-date=2023-03-10 |website=CNBC |date=23 July 2021 |language=en}}{{cite news |title=Valyoo Technologies eyes over five-fold jump in sales |url=https://economictimes.indiatimes.com/tech/ites/valyoo-technologies-eyes-over-five-fold-jump-in-sales/articleshow/11350573.cms |access-date=21 January 2025 |work=The Economic Times |date=3 January 2012}}
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.{{Cite news |date=2022-12-28 |title=Kaun Banega Crorepati 14: Aman Gupta, Peyush Bansal of Shark Tank India reveal they are followed by people all around and get pitches at unusual places |url=https://timesofindia.indiatimes.com/tv/news/hindi/kaun-banega-crorepati-14-aman-gupta-peyush-bansal-of-shark-tank-india-reveal-they-are-followed-by-people-all-around-and-get-pitches-at-unusual-places/articleshow/96573078.cms |access-date=2024-01-19 |work=The Times of India |issn=0971-8257 |archive-date=19 January 2024 |archive-url=https://web.archive.org/web/20240119093447/https://timesofindia.indiatimes.com/tv/news/hindi/kaun-banega-crorepati-14-aman-gupta-peyush-bansal-of-shark-tank-india-reveal-they-are-followed-by-people-all-around-and-get-pitches-at-unusual-places/articleshow/96573078.cms |url-status=live }} He also appeared as a guest on The Kapil Sharma Show together with other Shark Tank India judges.{{Cite web |date=2022-02-01 |title=7 Best Moments Of Shark Tank India Judges' Kapil Sharma Show Appearance |url=https://www.indiatimes.com/entertainment/shark-tank-india-judges-the-kapil-sharma-show-560864.html |access-date=2024-01-19 |website=IndiaTimes |language=en-IN |archive-date=19 January 2024 |archive-url=https://web.archive.org/web/20240119093447/https://www.indiatimes.com/entertainment/shark-tank-india-judges-the-kapil-sharma-show-560864.html |url-status=live }}{{Cite news |date=2023-01-31 |title=The Kapil Sharma Show: Sharks Anupam Mittal and Amit Jain shake a leg with Kiku Sharda as Gudiya; watch |url=https://timesofindia.indiatimes.com/tv/news/hindi/the-kapil-sharma-show-sharks-anupam-mittal-and-amit-jain-shake-a-leg-with-kiku-sharda-as-gudiya-watch/articleshow/97492754.cms |access-date=2024-01-19 |work=The Times of India |issn=0971-8257 |archive-date=19 January 2024 |archive-url=https://web.archive.org/web/20240119093446/https://timesofindia.indiatimes.com/tv/news/hindi/the-kapil-sharma-show-sharks-anupam-mittal-and-amit-jain-shake-a-leg-with-kiku-sharda-as-gudiya-watch/articleshow/97492754.cms |url-status=live }}
References
{{Reflist}}
External links
- {{IMDb name|13234441}}
{{Shark Tank India}}
{{DEFAULTSORT:Bansal, Peyush}}
Category:Indian businesspeople
Category:Businesspeople from Delhi
Category:Boston College alumni