Peyush bansal Net worth, Age, Wife, Education, Shark tank & More

American optical retail company

Lenskart
Type Private
Industry
  • Prescription eyewear| Contact Lens | Sunglasses
  • Opticians
Founded 2010; 12 years ago (2010)
Headquarters
New Delhi, India
Number of locations
>1050 stores (2020)
Area served
India
Singapore
United Arab Emirates
United States
Key people
Peyush Bansal (Chairman, MD & CEO)
Revenue 963 crore (US$120 million) (FY 2020)
Net income
17 crore (US$21 million) (FY 2020)
Number of employees
5,000+ (2020)
Subsidiaries Neso Brands
Website lenskartcom

Lenskart is an Indian multinational optical prescription eyewear retail chain, based in New Delhi, India As of September 2020, Lenskart had 900+ stores in over 46 cities in India Its manufacturing facility in New Delhi manufactures 3 lakh glasses a month

Lenskart is building a megaunit in Rajasthan, an automated factory which will manufacture 5 crore glasses annually

Revenue and Valuation

The company had a valuation of $1 billion by December 2019 after Softbank invested around $275 million Peyush Bansal, a former Microsoft employee, founded Lenskart in 2010 along with Amit Chaudhary and Sumeet Kapahi In 2020, Lenskart generated total revenue of ₹1,000+ crore Financial backers of Lenskart include TPG Growth, International Finance Corporation and Adveq Management

Ratan Tata and Kris Gopalakrishnan have also invested in Lenskart In March 2018, Wipro’s Chairman Azim Premji invested ₹4 crore in the group, taking the valuation of the company to ₹3,000 crore

In 2018, the company became profitable, EBITDA positive (EBITDA) Lenskart launched the eyewear brand John Jacobs in 2017 The company is in talks with Japanese group SoftBank as well as the private equity firm Kedaara Capital for investment In October 2017, Lenskart’s first brand ambassador was Katrina Kaif In March 2019, the company hired Bhuvan Bam as their first male brand ambassador

In June 2022, Lenskart announced the acquisition of a majority stake in the Japanese eyewear brand Owndays The deal valued Owndays at around US$400 million

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