Peyush Bansal obtained degrees from McGill University and IIM Bangalore. He founded Valyoo Technologies and launched the first business portal SearchMyCampus, which was successful. He then launched the online eyewear store Flyrr.com in the U.S. Wanting to test the Indian e-commerce market, in 2010 he launched Lenskart, India's first online eyewear shopping portal. Lenskart has received two rounds of funding totaling over $33 million from investors like IDG Ventures India and Unilazer Ventures. The reasons for Lenskart's success include offering products for all ages, a large selection, reasonable pricing, discounts, convenient payment
Lenskart.com was founded in November 2010 by Peyush Bansal. Lenskart raised its first round of funding from IDG Ventures India (IDGVI) in 2011. IDGVI invested around INR22 crore (US$3.6 million) in Valyoo Technologies, the parent company of Lenskart.com. In February 2013, Unilazer Ventures invested around Rs. 30 crores in their first ever e-commerce portfolio. Lenskart has used the funding to invest in expansion to smaller towns and cities, build offline franchisees and range development.[citation needed] It has 7 offline franchise owned stores under the brand name ‘Lenskart’ in Chandigarh, Pune, Agartala, Delhi and Goa. Lenskart plans to set up 100 retail stores across India to strengthen its offline presence
http://en.wikipedia.org/wiki/Lenskart
Lenskart.com was founded in November 2010 by Peyush Bansal. Lenskart raised its first round of funding from IDG Ventures India (IDGVI) in 2011. IDGVI invested around INR22 crore (US$3.6 million) in Valyoo Technologies, the parent company of Lenskart.com. In February 2013, Unilazer Ventures invested around Rs. 30 crores in their first ever e-commerce portfolio. Lenskart has used the funding to invest in expansion to smaller towns and cities, build offline franchisees and range development.[citation needed] It has 7 offline franchise owned stores under the brand name ‘Lenskart’ in Chandigarh, Pune, Agartala, Delhi and Goa. Lenskart plans to set up 100 retail stores across India to strengthen its offline presence
http://en.wikipedia.org/wiki/Lenskart
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What does it mean to truly feel alive?
To be completely free. Free to run. To jump. To climb. To swim, fall, splash. To feel the wind at your back. The ground at your feet. Where instinct is your roadmap. And trees are your friends. For life is a living experience. To be touched, held, sniffed, and tasted.
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Come Alive.
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Ever wondered what goes on between the time you’ve placed your order online and the time you received your
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Well, here is the inside story at what goes on at Lenskart headquarters.
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1. THE STORY OF LENSKART
Peyush Bansal is the founder of Lenskart. He obtained a degree in
Bachelor of Engineering from McGill University in Canada, after which
he worked as a Program Manager at Microsoft in America.
A year later, he returned to India to pursue his Post-Graduate diploma in
Management for Executives from IIM, Bangalore.
In 2008, he set up Valyoo Technologies with SearchMyCampus as the first
business portal.
Although searchmycampus.com was a hit, Bansal ventured into the e-
commerce world. He launched Flyrr.com. An online shopping portal,
based in the U.S, which exclusively sold eyewear.
After the success of searchmycampus.com & Flyrr.com, Bansal wanted
to test the waters of the Indian e-commerce scenario.
In 2010, Lenskart, a first of its kind online shopping portal for eyewear
came into existence.
2. FUNDING
Lenskart has so far secured two rounds of VC funding.
Raised its first round of funding of INR 22 crore (U.S $3.6 million) from IDG
Ventures India in 2011.
In February 2013, Unilazer Ventures invested INR 30 crores in their first e-
commerce portfolio.
Reasons Behind the Success of Lenskart
•Not age specific – Lenskart offers products that are suitable for all age
groups.
•Provides a large selection of eyewear to choose from.
•Detailed descriptions and specifications of the products on the website.
•Products are priced reasonably.
•Offers discounts and attractive deals.
•Convenient payment options where one can choose to pay online or
opt for Cash-on-delivery (CoD).
•No questions asked return policy.