Who is the Lenskart Founder and Owner? Check The Name and Establishment Year

The Lenskart founder is Peyush Bansal, who started the eyewear brand in 2010 with co-founders Amit Chaudhary and Sumeet Kapahi. Today, he continues to lead the company as its CEO and main owner. What began as a small online platform under Valyoo Technologies Private Limited has now become one of India’s most successful startups, with over 2,000 stores and a strong global presence.

Who founded Lenskart, and when was it established?

The journey of Lenskart is closely linked to the vision of Peyush Bansal, a former Microsoft employee who saw the need for affordable eyewear in India. After returning from Canada, Bansal realised that millions of Indians lacked access to quality spectacles. With that in mind, he launched Valyoo Technologies in 2008, initially focusing on different e-commerce categories. However, in 2010, he decided to focus entirely on eyewear, giving birth to Lenskart.

Alongside his co-founders Amit Chaudhary and Sumeet Kapahi, Bansal aimed to make eyewear accessible and affordable to everyone. The company started online, offering spectacles, contact lenses, and sunglasses, before expanding into physical stores. Within a few years, Lenskart’s name became synonymous with reliable and budget-friendly vision solutions.

Who owns Lenskart today?

When it comes to ownership, Peyush Bansal remains the primary promoter and CEO of Lenskart. Even though several global investors such as SoftBank, KKR, and Temasek have invested in the company, Bansal continues to be the driving force behind its strategy, innovation, and long-term vision. His leadership has shaped Lenskart’s transformation from a startup into a major retail network.

Bansal’s focus on local manufacturing has been another milestone. Lenskart established one of India’s largest eyewear factories in Bhiwadi, Rajasthan, producing millions of lenses and frames every month. This move not only reduced import dependence but also supported the government’s Make in India initiative.

Under his leadership, Lenskart also expanded into international markets, including Singapore, Dubai, and Southeast Asia, taking Indian entrepreneurship to the global stage.

How did Lenskart become one of India’s biggest eyewear brands?

Lenskart’s growth story is a mix of technology, innovation, and customer trust. It was among the first Indian companies to introduce free eye-check-ups, doorstep delivery, and AI-based virtual try-ons that allowed users to see how frames would look before purchase. These features bridged the gap between online shopping and in-store experiences.

Over the years, Lenskart expanded rapidly into Tier 2 and Tier 3 cities, making vision care more accessible than ever. Its franchise model encouraged local entrepreneurs to join the business, creating jobs and improving eye-health awareness across India.

As of 2025, Lenskart operates over 2,000 stores in India and abroad and serves millions of customers annually. Its valuation has crossed $5 billion, placing it among India’s leading unicorn startups.

Key facts for quick revision

• Founder: Peyush Bansal (with Amit Chaudhary and Sumeet Kapahi)
• Established: 2010 (as part of Valyoo Technologies Pvt Ltd)
• Headquarters: Gurugram, Haryana
• CEO & Owner: Peyush Bansal
• Stores: 2,000 + (in India and abroad)
• Valuation: Approx. $5 billion (2025)
• Core Idea: Affordable and accessible eyewear for all