Lenskart cofounder and CEO Peyush Bansal has stood out for building an omni-channel retail business in a competitive eyewear sector. The Gurgaon-based company managed to balance rapid scale with operational performance, growing to more than 2,500 stores in India and Southeast Asia, while keeping losses in check.
“Businesses need to be built around a purpose and a mission, and sitting with India Inc’s top bosses, my belief has been further reinstated today,” said Bansal, who was adjudged the Entrepreneur of the Year at the ET Awards.
“We are driven by the purpose of giving vision to people and I believe if you stay close to those values, rest everything will fall in place,” Bansal said, adding that the recognition takes the expectations from the company higher.
A turning point in Lenskart’s global strategy came in 2022 with its $400 million acquisition of Japanese eyewear brand Own-days. This move accelerated its expansion into key international markets such as Japan and Singapore, solidifying regional dominance. Lenskart closed the financial year 2024 with revenue of Rs 5,500 crore and is looking to go public at a valuation of around $10 billion, as reported by ET.
