(McGill University, Canada – 2006 BS; Indian Institute of Management, Bangalore-2009 Post-Graduate Programme in Management for Executives)
(Birla Institute of Technology, Mesra -2009 BE)
lenskart.com is an Indian online optical store.
Peyush Bansal, the founder of Valyoo Technologies obtained a Bachelor of Engineering degree from McGill University, Canada and worked as Program Manager at Microsoft, Redmond for a year. After that, he returned to India to pursue his Post-Graduate Programme in Management for Executives from Indian Institute of Management, Bangalore(2009). In 2008, he set up Valyoo with SearchMyCampus as the first business portal. In the following years, the other 2 main portals of Valyoo were launched- Cloud 360 and Flyrr.
An engineering graduate from Birla Institute of Technology, Mesra, Amit and Peyush incepted Valyoo Technologies in the year 2008 as a digital solutions providing company, which gave people valuable services who wanted to set up online businesses. The name Valyoo was devised out of the word Value. In November 2010, they ventured into ecommerce with Lenskart.com. The idea was to make a difference in the unorganised offline optical space where no one knows how much does a frame or a pair of sunglasses actually costs. Also, no one in India was doing it at that time. They had already tested the idea while helping out a portal in the US and since they already had an experience, launching LensKart wasn’t difficult. After getting a good grip over the lens market, they started targeting other verticals like Watches,Bags and Jewels.
Valyoo right now has 3 major sites – LensKart.com, WatchKart.com and BagsKart.com. Lenskart.com is a clear leader in selling eyewear online in India, with products ranging from prescription eyewear, branded contact lenses and sunglasses, all equipped with the customers’ eye power. Watchkart.com and Bagskart.com are demonstrating fast traction with the potential of becoming leaders in their categories.