Mukesh Bansal | |
---|---|
Citizenship | Indian |
Education | Bachelor of Technology |
Alma mater | Indian Institute of Technology Kanpur |
Occupation(s) | Entrepreneur, investor, author |
Known for | Myntra Flipkart Cure.fit |
Notable work | No Limits Hacking Health |
Awards | IIT Kanpur Distinguished Alumnus Award Fortune’s 40 Under 40 List |
Mukesh Bansal is an Indian entrepreneur and author known for his contributions to digital commerce, wellness, and technology. A 1997 computer science graduate from IIT Kanpur, he began his career at Deloitte before moving to Silicon Valley in 1999, where he worked at Nextag, Centrata, and newScale, gaining expertise in technology and strategy.
In 2007, Mukesh founded Myntra, which grew into India’s leading online fashion platform and was later acquired by Flipkart, where he played a key role in strengthening its market position.
In 2024, Mukesh launched Nurix AI [1] , a company focused on generative AI solutions for enterprises. Through his venture studio, MerakiLabs, he has supported startups like Skyroot Aerospace, India’s first private rocket launcher, and Groww, a leading online brokerage platform. He was an early investor and advisor to both.
Mukesh has authored several books, including No Limits , Hacking Health , [2] and The Start-up Code . [3] He also hosts the popular podcast SparX [4] and mentors entrepreneurs through his ELD program [5] . Recognised with IIT Kanpur's Distinguished Alumnus Award and featured on Fortune’s 40 Under 40 list [6] , Mukesh serves on the board of Olympic Gold Quest.
Bansal was born in Haridwar, India. [7] He completed his early education in Haridwar before pursuing a degree in Computer Science and Engineering at the Indian Institute of Technology Kanpur (IIT Kanpur). [7] [8] His early interest in technology and entrepreneurship guided his career path in the tech industry.
After graduating from IIT Kanpur, Bansal began his career as a system analyst with Deloitte in Chicago. [7] He later worked with several startups in Silicon Valley, including NexTag, Centrata, and NewScale. [9] These roles provided him with substantial experience and insights, which he later applied to his ventures in India.
In 2007, Bansal co-founded Myntra with Ashutosh Lawania [10] and Vineet Saxena. [11] Initially, Myntra specialised in personalised gift items but shifted focus to fashion and lifestyle products. [12] Under Bansal's leadership, Myntra became a leading fashion e-commerce platform in India. [12] [10] In 2014, Myntra was acquired by Flipkart in a transaction valued at approximately $330 million. [13] Following the acquisition, Bansal took on the role of Head of Commerce and Advertising Business at Flipkart. [14]
Cure.fit was founded in 2016 by Mukesh Bansal and Ankit Nagori [9] with the goal of offering a comprehensive approach to health and fitness. The company provides services across multiple areas including fitness, nutrition, and mental well-being. [9]
Cure.fit has developed several distinct services:
The company has attracted significant investment and has expanded its operations across India. Its business model integrates different aspects of health and wellness. [16]
Meraki Labs, co-founded by Mukesh Bansal in 2020, is described as India's first startup studio. The organisation focuses on supporting the development of new companies by providing initial funding and a founding team. It collaborates with founders to build startups from the ground up and offers initial funding ranging from $250K to $5M. [17]
Operating as a venture studio, Meraki Labs works closely with founders to identify market needs and develop new products. The studio has supported startups including Skyroot, Groww, Nextleap, Nushala, and Gigforce. [18] [19]
In addition to financial support, Meraki Labs provides access to experienced entrepreneurs, leadership coaches, and a structured curriculum covering product development, branding, and fundraising. The studio also fosters a community of over 100 founders who share insights and support each other.
Meraki Labs has received backing from investors such as Peak XV Partners (formerly Sequoia India) and Accel. [19] The organisation is positioned within the Indian startup ecosystem as a platform for developing innovative ideas and nurturing emerging companies. [19]
Mukesh runs a popular podcast SparX that explores ‘Big Ideas Shaping the World’ through engaging conversations with leading non-fiction authors, deep thinker-practitioners, visionaries, and experts, delivering profound insights across every domain.
At SparX, he dives into various topics of interest around economics, politics, history, science, entrepreneurship, AI, productivity, and the vast opportunities this nation holds. [20] The podcast features individual episodes where Bansal shares insights from his career and guest episodes with influential figures such as Ajeet Singh, [21] Sudha Murty [22] and Rahul Dravid. [23]
Mukesh is also on the board of Olympics Gold Quest, a non-profit foundation that promotes efforts to support Indian athletes in winning Olympic Gold medals. [24] [25]
Bansal has been recognised for his contributions to the industry:
Indian Institute of Technology Kanpur is a public institute of technology located in Kanpur, Uttar Pradesh, India. As an Indian Institute of Technology (IIT), it was declared an Institute of National Importance by the Government of India under the Institutes of Technology Act.
A business incubator is an organization that helps startup companies and individual entrepreneurs to develop their businesses by providing a fullscale range of services, starting with management training and office space, and ending with venture capital financing. The National Business Incubation Association (NBIA) defines business incubators as a catalyst tool for either regional or national economic development. NBIA categorizes its members' incubators by the following five incubator types: academic institutions; non-profit development corporations; for-profit property development ventures; venture capital firms, and a combination of the above.
The Business Association of Stanford Entrepreneurial Students (BASES) is a student group at Stanford University focusing on business and entrepreneurial activities. One of the largest student-run entrepreneurship organizations in the world, BASES' mission is to promote entrepreneurship education at Stanford University and to empower student entrepreneurs by bringing together the worlds of entrepreneurship, academia, and industry. BASES organizes the flagship 150K Challenge, Entrepreneurial Thought Leaders' Seminar, the SVI Hackspace, E-Bootcamp, and the Freshman Battalion.
Flipkart Private Limited is an Indian e-commerce company, headquartered in Bangalore, and incorporated in Singapore as a private limited company. The company initially focused on online book sales before expanding into other product categories such as consumer electronics, fashion, home essentials, groceries, and lifestyle products.
India has an Internet user base of about 690.0 million as of November 2023, about 40% of the population. Despite being the second-largest user base in world, only behind China, the penetration of e-commerce is low compared to markets like the United States, or France, but is growing, adding around 6 million new entrants every month. The industry consensus is that growth is at an inflection point.
Myntra is an Indian fashion e-commerce company headquartered in Bengaluru, Karnataka, India. The company was founded in 2007-2008 to sell personalized gift items. In May 2014, Myntra.com was acquired by Flipkart.
Snapdeal is an Indian e-commerce company, based in New Delhi, India. It was founded in February 2010 by Kunal Bahl and Rohit Bansal.
Jabong.com was an Indian fashion and lifestyle e-commerce portal founded by Praveen Sinha, Lakshmi Potluri, Arun Chandra Mohan and Manu Kumar Jain. In July, 2016 Flipkart acquired Jabong through its unit Myntra for about $70 million. In February 2020, Flipkart formally shut down Jabong to shift focus completely on its premium clothing platform Myntra. The portal sold apparel, footwear, fashion accessories, beauty products, fragrances, home accessories and other fashion and lifestyle products. The company's headquarter was in Gurugram, NCR, India.
Sachin Bansal is an Indian entrepreneur. He is best known as the founder of Flipkart During his over 11 year career at Flipkart, Bansal was CEO and chairman. In 2018, Bansal exited Flipkart following the Walmart deal.
Binny Bansal is an Indian billionaire Internet entrepreneur. As of February 2024, his net worth was estimated at US$1.4 billion. In 2007 he co-founded the e-commerce platform Flipkart. He was the chief operating officer until January 2016, when he was promoted to chief executive officer (CEO). In January 2017 he was promoted to group CEO, then resigned in November 2018 due to personal misconduct allegations of Flipkart. He is an anchor investor in the venture firm 021 Capital. In 2019, Bansal invested in the endowment fund of the Indian Institute of Technology (IIT) Delhi.
Kunal Bahl is an Indian technology entrepreneur and investor.
Rohit Bansal is an Indian entrepreneur, co-founder and COO of e-commerce company Snapdeal.
Jyoti Bansal is an Indian-American technology entrepreneur. He founded his first company AppDynamics in April 2008, and went on to serve as CEO until 2015. AppDynamics was purchased by Cisco Systems for $3.7 billion, a day before AppDynamics was due for an initial public offering. He later went on to start two more technology companies – Harness.io and Traceable.ai, where he is CEO.
Livspace, is a home interior and renovation company headquartered in Singapore. It provides interior design and renovation services in Singapore and India. The company was founded in 2014 by Anuj Srivastava and Ramakant Sharma and has raised funding of $450 million.
Limeroad, stylized as LimeRoad is an Indian online marketplace, owned by V-Mart Retail. The company is based in Gurugram, Haryana.
CIIE.CO is an Indian startup accelerator and incubator that supports early-stage startups located at IIM Ahmedabad in Ahmedabad, India. It was founded in 2002 to promote innovation and entrepreneurship in India. It is a Center of excellence set up at Indian Institute of Management Ahmedabad with support from the Government of India's Department of Science and Technology and the Government of Gujarat.
Kunal Shah is an Indian entrepreneur and angel investor known as the co-founder of Freecharge and the founder of CRED, a fintech company valued at around $6.4 billion.
Nasher Miles is an Indian luggage and travel accessories company, founded in 2017 by Shruti Kedia Daga, Lokesh Daga, and Abhishek Daga. Headquartered in Mumbai, the company operates primarily through online marketplaces, offering a range of travel products such as hard-sided luggage, backpacks, and travel accessories. The brand is recognised for its use of vibrant designs and for securing an all-shark deal on Season 3 of Shark Tank India.