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Startup Story of Lenskart: Born and raised in Delhi Piyush Bansal graduated in Electrical Engineering from McGill University in Canada. After graduation he worked at Microsoft in the US but within a year he decided to quit the job and return to India as he wanted to do something new and impactful in his country.
First Step Towards Entrepreneurship
After returning to India Piyush started an online portal named SearchMyCampus to cater to the various needs of students. This portal provided services like job housing coaching internships to students. Through this project he understood the needs and behavior of Indian customers which proved to be important for his future ventures.
Founding of Lenskart
After understanding the needs of students Piyush founded Lenskart in 2010 along with Amit Chaudhry and Sumeet Kapahi. Initially Lenskart sold only contact lenses but later it also sold spectacles and sunglasses. His aim was to make eye care accessible and affordable in India so that more and more people can avail of it.
Growth and expansion of Lenskart
Lenskart opened retail stores across the country along with online sales allowing customers to try products first and then buy. The company also introduced innovative services keeping in mind the needs of the customers such as at-home eye tests and virtual try-ons. These efforts resulted in Lenskart becoming one of the leading eyewear companies in India and joining the unicorn club in 2019.
Current Status of Lenskart
Today Lenskart has more than 1100 stores in India and abroad and offers more than 5000 eyewear styles. The company is valued at over $5.6 billion and is committed to providing high-quality products to customers at affordable rates. Peyush Bansals leadership and his commitment to innovation have brought Lenskart to this position.
