From A Small-town Startup To A $2.5 Billion Company, Lenskart Is Story Of Complete Dedication And Hard Work

Mad4Startup By Arghya Maji | 3 min read

Lenskart

Lenskart was founded with the concrete base to provide ‘Vision to India’. It is a Faridabad, India-based optical eyewear retail chain. It works like an e-commerce B2C for prescription power glasses, BLU glasses, frames, and goggles. Furthermore, Lenskart also focuses on the real-shops shopping experience, it already established over 30,000 real-time physical shops across India.

It has a production factory in Delhi that produces around 30,000+ spectacles per month. The company thus promises to be a big part of ‘Atmanirbhar Bharat’ and start performing complete production indigenously.

Lenskart is hailed as India’s largest eyewear selling brand, the brand also comes under the coveted club of Indian unicorns back in December 2019.

Lenskart.com How It Started

Lenskart was founded by the trio of – Peyush Bansal, Sumeet Kapahi, and Amit Chaudhary. It was founded in 2010. Currently having funding of $774 million as of November 2021, and a revenue of $120.64 million. It has a current valuation of $2.5 billion as a company. Lenskart is under the parent organization of Valyoo Technologies.

lenskart
Source – Twitter

About the Founders

Peyush Bansal: – Peyush Bansal was born on 26th November 1985 in New Delhi, India. He did his schooling at Don Bosco High School and graduated from McGill University, Canada. Later he post-graduated from IIM, Bangalore.

Before the idea of Lenskart, Peyush Bansal used to serve as a programmer in Microsoft. In addition to this, he made his first project called ‘searchmycampus.com’, and Valyoo Technologies. After Peyush Bansal Founded the company with his friends Amit Chaudhary and Sumeet Kapahi in November 2010, he became the CEO of the company. Today he is considered the backbone of the company.

As of today, Peyush Bansal is the standing CEO of  Lenskart. His latest net worth as of 2021 is $80 million approximately. He is also currently a judge in the famous reality show “SHARK TANK INDIA”.

Peyush Bansal is currently married to Nimisha Bansal.

Lenskart
Source – Google

Amit Chaudhary: – Amit Chaudhary is the co-founder of Lenskart. He is known for having innovative ideas and having a deep idea and understanding in the field of analytics. His expertise in organizational development has bought a lot of growth and professionalism to the business.

Amit is also the reason for the fast expansion of offline physical stores of the company. Today it has a dominant physical presence in the Indian market, and one of its main factors is Amit Chaudhary.

Amit was born in Kolkata, India, he did his schooling at Bhartiya Vidya Bhawan, Kolkata. He then went on to pursue his engineering from BIT Mesra, Ranchi in Information Technology (I.T.) from 2005 – to 2009.

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He was once asked what is the secret behind the massive success of the company, his reply showed his passion for the company. He replied – “The founding team is most critical. It is immaterial who has what capabilities, who can contribute where…. If there is mutual respect and no ego comes in between – ideas will change, strategies will change daily – but love to make a meaning won’t. Every business person fails and fails daily. In these tough situations and between emotions we get energy and faith of perseverance from each other. The core is just this equation – this genuine love for creation – to not think personal at all but an only organization which comes first. There is no extra skill we need.”

Lenskart
Source – Twitter

Sumeet Kapahi: – The third founder of the company, Sumeet Kapahi was a business development manager of Luxotica India Eyewear(Rayban) before joining Lenskart. In today’s time, he is a partner in lenskart and the VP of the company. He owns currently an 8.21 % stake in the company.

lenskart
Source – Instagram

Future Planning Of Lenskart

Lenskart understood the need for affordable vision care and the huge market of glasses. With 1 out of 3 people needing glasses, India has a huge market for glasses and eye care. The company revolutionized it by bringing in E-commerce B2C service, but it was only done with keeping customers of tier 1 and 2 in mind. For customers of tier 3 and 4, the company has begun to develop physical stores all around India. The company plans to keep bringing affordable and stylish eye-wear products and keep on revolutionizing the entire eye-care market. India is home of many inspiring stories, here are TOP 10 MOTIVATIONAL STORIES BY MAD4INDIA. read further to know who inspire us and why.

Prestigious Awards Won By Lenskart.com

Lenskart.com won both gold and silver at Express I.T. Awards 2016

It was also nominated in “Best Startups 2019” by Economic Times.

We are sure that Lenskart will continue to be successful in its future endeavors. We wish Lenskart.com all the best for their future projects and the well-being of the company.

If you want to know more about Lenskart.com follow them on Twitter, Instagram, and Linkedin

If you like this story, you can also read Facts About Success Story Of Asian Paints And How It Became Asia’s 3rd Largest Paint Brand

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