{
  "id": 2449951,
  "title": "From selling eyeglasses online to billionaire: how Peyush Bansal builds India’s biggest eyewear retailer",
  "url": "https://urgent.news/2026/08/21/from-selling-eyeglasses-online-to-billionaire-how-peyush-bansal",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-21T23:10:53.000Z",
  "source": {
    "name": "VnExpress Business",
    "slug": "vnexpress-business",
    "url": "https://e.vnexpress.net/news/business/billionaires/from-selling-eyeglasses-online-to-billionaire-how-peyush-bansal-builds-india-s-biggest-eyewear-retailer-5110707.html"
  },
  "original_language": "en",
  "account": "Lenskart, a $11 billion eyewear retailer co-founded by Peyush Bansal, has experienced significant growth since going public nine months ago. The company, headquartered in Faridabad, India, has reported a four-fold increase in net profit to 2.28 billion rupees for the quarter ending June 30. This surge in profits led to an all-time high of nearly 627 rupees for its shares on the National Stock Exchange, bringing Bansal's estimated net worth to $1 billion.\n\nBansal, 42, began his journey in the eyewear industry in 2010 with his sister Neha and two other cofounders. Initially an online retailer, the company expanded into physical stores, opening its first location in New Delhi in 2013. Today, Lenskart boasts 2,725 stores across 157 cities in India and maintains a presence in 16 countries, including Singapore, Japan, and the United Arab Emirates.\n\nThe company's success is attributed to its unique business model, which combines the convenience of online shopping with the personalized experience of physical stores. This approach caters to customers seeking family opinions or a wide selection of eyewear options. Analysts predict that Lenskart's growth is well-positioned for the future, with the Indian eyewear market projected to expand from $9.2 billion in fiscal 2025 to $17.2 billion by fiscal 2030.",
  "summary": "Peyush Bansal, the cofounder of eyewear retailer Lenskart Solutions, is the latest Indian to join the billionaire club thanks to the surge of his eyewear company’s shares, driven by a jump in sales.",
  "key_points": [
    "Lenskart, a $11 billion eyewear retailer, co-founded by Peyush Bansal, went public nine months ago.",
    "Lenskart has 2,725 stores across 157 cities in India and presence in 16 countries."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}