Mukesh Bansal is the Founder of the fashion e-commerce firm, Myntra. He is an Indian businessman, who currently serves as the CEO of Cure.fit and its co-founder as well. Fortune magazine listed Mukesh under Best 40 Under 40 Entrepreneurs. He is also on the board of Olympics Gold Quest, which is a non-profit organization that promotes sports and games.
Mukesh Bansal- Biography
|Position||CEO of Cure.fit; Founder of Myntra|
Mukesh Bansal- Personal Life
Mukesh Bansal was born in Haridwar, Uttarakhand. He came from a middle class family and made sincere efforts to get admission in an IIT college. He is well known for his friendly and polite nature. His wife, Archana runs her own business. After contributing efforts in US for 10 years, he came back to India and launched Myntra and his entrepreneurial journey continued thereafter.
Mukesh Bansal- Education
He completed his B.Tech in Computer Science from Indian Institute of Technology, Kanpur in 1997. He did his graduation from 1993-1997. He is known to be a task master, when it comes to any official work. He works on a strict work schedule.
Mukesh Bansal- Professional Life
Mukesh Bansal joined Deloitte in 1997, as a systems analyst for two years in Chicago. He was highly influenced by the dotcom boom that was raising to new heights in San Francisco and moved to the Bay area in 1999. He gave up a job portal, which he started with one of his friend. He then worked with various companies such as NexTag (1999-2000), eWanted (2000-2001), Centrata (2001-2004), newScale (2005-2006) which were all early start ups in Silicon Valley. He was employed in these companies as a engineer, product manager across technology and business enterprises.
Mukesh Bansal- Myntra
Mukesh Bansal launched Myntra in 2007 with Ashutosh Lawania and Vineet Saxena with Rs.30 lakh of personal investment. He was propelled to establish his own e-commerce venture owing to the experience of Silicon Valley. Initially, Myntra was a gifting startup but gradually transformed to a fashion e-commerce hub. The e-commerce venture became a success. Soon it was acquired by Flipkart in the year 2014 worth $330 million. Flipkart is the largest Indian e-commerce venture. Though Mukesh continued to serve as the chairman of Myntra board and managed the advertising and commerce insights until 2016.
Mukesh Bansal- Flipkart
After the acquisition of Myntra by Flipkart, Mukesh was employed as the Head of Commerce & Advertising Business at Flipkart in 2014. Mukesh brought many ideas to revamp the company's talent philosophy. He aided the company to reach a revenue of $5 billion. He later left the job at Flipkart in 2016.
Mukesh Bansal- Cure.fit
Mukesh Bansal co-founded a fitness and well being start up, Cure.fit in 2016 with Ankit Nagori. There are varied portals under Cure.fit, they are: eat.fit (food delivery), cult.fit (fitness centers), mind.fit (yoga, meditation and counseling), and care.fit (paid primary care solutions). The name itself specifies that these all are related to health, fitness and nutrition. It offers digital and offline experiences in physical and mental health. Within two years, Cure.fit has raised over $170 million. No sooner Cure.fit announced the launch of its sportswear brand Cultsport, which offers functional apparel for workout formats like field training, running and gym. During the year 2019, CureFit raised $120 million in Series D round of funding.
Few months back, the firm also launched its fitness wear. The company basically aims to build health and fitness awareness among citizens. Though the COVID-19 pandemic has initially demotivated everyone, CureFit sought this opportunity and started LIVE workout sessions and online therapy.
Mukesh Bansal- CultFit
Mukesh Bansal started a Bangalore based fitness and healthcare company, CULT. He is highly passionate towards fitness and books. He works out everyday with a combination of crossfit, mixed martial arts and yoga. After leaving Flipkart, he kept his Linked in profile with a Work in Progress (WIP) position for a long time. The reason for this is simply that he does not believe in titles rather feels that a person without any position in a company brings more hierarchy. He has also acquired four fitness companies. Accel Partners and Kalaari Capital are some of his backers. The rival company to CultFit is HealthifyMe and MyFitnessPal.