Lenskart is an Indian multinational optical prescription eyewear retail chain company, known for its collection of eyeglasses, sunglasses, and contact lenses. The company is based in Gurugram. It has more than 2,000 retail stores. Since 2010, the company has developed in the Indian eyewear market.
Lenskart’s success can be seen via online mode and physical stores. The affordable and fashionable eyewear stuff, the company has successfully earned the trust of its customers.
In this article, we will inform you about Lenskart net worth.
About Lenskart
Lenskart is India’s first online optical store which was founded in 2010. The company offers glasses with prescription lenses, eye exams, 3D try-on, and home trials to its consumers. It has 175 locations. It is based in Gurugram. It has more than 2,000 retail stores. Its manufacturing facility in New Delhi manufactures 3 lakh glasses a month. In addition, Lenskart is also building an automated factory in Bhiwadi, Rajasthan.
Peyush Bansal, a former Microsoft employee, founded Lenskart.com in 2010 along with Amit Chaudhary and Sumeet Kapahi. In 2011, the company launched Watchkart.com and Bagskart.com, and it started Jewelskart.com but in the end of 2014, only Lenskart.com remained operative. Lenskart launched the eyewear brand John Jacobs in 2017.
Peyush Bansal has also appeared in Shark Tank and gained immense popularity. Do you know about The Youngest Entrepreneur To Ever Be Featured on Shark Tank? Find out here. The show, Shark Tank has become very popular and has give opportunities to many who seek to offer their business ideas to the show to develop more. Are you a regular fan of this? then you must be waiting to know about Shark Tank Season 15 Potential Release Date. You can have a look on what can you expect from Shark Tank’s new season?
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Coming back to the company, Lenskart, In October 2017, Lenskart had its first brand ambassador Katrina Kaif. In 2018, the company has received immense profit, EBITDA positive. In March 2019, the company signed up with Bhuvan Bam as its first male brand ambassador. Keep reading to know about the net worth of Lenskart.
Lenskart Net Worth
Lenskart is India’s first online optical store, founded in 2010. According to web, the net worth of Lenskar is 600 crore.
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Talking about the funding for the company, IDG Ventures India invested $4 million in the company in 2011. The company then raised ₹135 crore from TPG Growth, TR Capital and IDG Ventures India in January 2015. Adveq Management, TPG Growth and IDG Ventures India invested a total of $60 million in Lenskart in 2016. In March 2018, Wipro’s Chairman Azim Premji invested ₹4 crore.
In March 2023, the Abu Dhabi Investment Authority invested $500 million in Lenskart. Ratan Tata and Kris Gopalakrishnan have also invested in Lenskart.
About The Founder of Lenskart
Peyush Bansal is an Indian entrepreneur, business executive and an investor. He is the co-founder and CEO of Lenskart, an Indian multinational optical prescription eyewear retail company, based in Gurugram. He is also a judge in show Shark Tank India. Peyush is the son of Bal Kishan and Kiran Bansal. He went to United States for a job in Microsoft but later left to start his own business. He began a new venture, selling eyewear online in the USA.
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He began his own business, Lenskart along with Amit Chaudhary in 2010. In 2011, Sumeet Kapahi joined them who worked for another eyewear brand. He then began more ventures with similar names WatchKart, JewelsKart and BagsKart.
Is Peyush Bansal Married?
The answer to this question is YES. Peyush Bansal is married to Nidhi Mittal who serves as the Chairperson at an eyewear brand. She previously worked as a media professional and as a founder of a content marketing agency. The pair has a son as well.
Conclusion
Lenskart is an Indian multinational optical prescription eyewear retail chain company, Which has a net worth of 600 crore. Peyush Bansal is the co-founder and CEO of Lenskart. He began his own business, Lenskart along with Amit Chaudhary in 2010.
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