Mukesh Bansal

Last updated
Mukesh Bansal
Nationality Indian
Education Bachelor of Technology
Alma mater Indian Institute of Technology Kanpur
OccupationEntrepreneur
Known for Myntra

Flipkart

Cult.fit

Mukesh Bansal is an Indian businessman [1] and founder of the Indian fashion e-commerce company Myntra. He also the co-founder and CEO of cult.fit. [2] [3] Mukesh has been listed in the Best 40 Under 40 Entrepreneurs by Fortune magazine. [4]

Contents

Early life

Bansal was born in Haridwar, Uttarakhand. [1] He has done his BTech from IIT Kanpur. [1] [5] After graduating in 1997, he worked with Deloitte as a systems analyst in Chicago for two years. [1] He was inspired by the dotcom boom that was progressing in San Francisco in full swing and moved to the Bay area in 1999. [1] After giving up a job portal venture, which he started with a friend, Bansal worked at eWanted, Centrata, NexTag, newScale which were all early stage companies in Silicon Valley. [1] His role in these startups included that of engineer and product manager across technology and business enterprises. [1] [6]

Career

Myntra

Bansal's experience at Silicon Valley helped him to launch Myntra in 2007 along with Ashutosh Lawania and Vineet Saxena. [1] [3] [7] [8] Myntra was initially a personalised gifting startup and eventually became a major player in the fashion e-commerce segment. [3] [7] In 2014, Myntra was acquired by Flipkart for $330 million, which was the largest e-commerce related acquisition in India. [3] [9] Bansal continued as the chairman of Myntra board and managed the commerce and advertising platform until 2016. [10] [11]

Flipkart

After Flipkart's acquisition of Myntra, Mukesh joined Flipkart as Head of Commerce & Advertising Business. [12] [13] In this role Mukesh revamped the e-commerce company's talent philosophy. Under his leadership, Flipkart went on to achieve $5 billion in annual revenue. [14]

cult.fit

Mukesh co-founded Cult.fit, a fitness and well-being start-up, with Ankit Nagori in 2016. [2] [3] [15]

Olympics Gold Quest

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. [16]

Related Research Articles

<span class="mw-page-title-main">Economy of Bangalore</span>

Bangalore or Bengaluru, the capital city of South Indian state of Karnataka, India. The economy of Bengaluru contributes over 43.65% to the economy of the State of Karnataka, accounting for 98% of the Software Exports of the State.

Kansal is a surname originating in northern India. It is one of the Gotra of Agarwal Community.

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.

<span class="mw-page-title-main">Myntra</span> Indian fashion & lifestyle products company

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.

Freecharge is an Indian financial services company based in Gurgaon. It allows users to pay bills such as electricity, gas and telephone, as well as recharge mobile, broadband, DTH and metro cards.

<span class="mw-page-title-main">Sachin Bansal</span> Indian entrepreneur

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.

Rohit Bansal is an Indian entrepreneur, co-founder and COO of e-commerce company Snapdeal.

Cleartrip is a global online travel company, headquartered in Mumbai. The company operates an online travel aggregator website for booking flights, train tickets, hotel reservations, and activities in India and the Middle East countries. It holds offices across India, UAE, Saudi Arabia and Egypt.

Lee Jared Fixel is an American venture capitalist and investor. He is the founder of venture capital firm, Addition.

<span class="mw-page-title-main">Global Fashion Group</span> Singaporean e-commerce holding group

Global Fashion Group (GFG) is an international online fashion and lifestyle retailer headquartered in Luxembourg. The company was founded in 2011 as a joint venture between Rocket Internet and Kinnevik. It serves as an umbrella organization for multiple regional e-commerce platforms specializing in fashion, including Zalora in Southeast Asia, Dafiti in Latin America, and THE ICONIC in Australia and New Zealand.

Limeroad is an Indian online marketplace, owned by V MART RETAIL LIMITED The company is based in Gurugram, Haryana.

<span class="mw-page-title-main">JioMart</span> Indian e-commerce company

JioMart is an Indian e-commerce company, headquartered in Navi Mumbai, Maharashtra, India, that started as a joint venture between Reliance Retail and Jio Platforms. The company initially focused on online groceries sales before expanding into other product categories such as fashion, home essentials, electronics, and lifestyle products.

<span class="mw-page-title-main">Skyroot Aerospace</span> Indian aerospace company

Skyroot Aerospace Private Limited is an Indian private aerospace manufacturer and commercial launch service provider headquartered in Hyderabad, Telangana. The company was founded by former engineers and scientists from ISRO. It aims to develop and launch its own series of small-lift launch vehicles especially crafted for the small satellite market.

Chiratae Ventures, is a technology venture capital firm focused on growth-stage startups in the Indian market. The venture firm was founded by Sudhir Sethi and T. C. M. Sundaram as the Indian arm of the global venture capital firm IDG Ventures in 2006. The firm manages total assets of over $775 million in over 85 investee companies. It is headquartered in Bangalore, with offices in Mumbai and New Delhi.

<span class="mw-page-title-main">Navi Group</span> Indian financial services company

Navi is an Indian financial services company founded by Sachin Bansal and Ankit Agarwal in 2018. Navi operates in the space of digital Loans, home loans, mutual funds, health insurance, digital gold and micro-loans. It currently has $100 million in revenue with $10 million in profit.

References

  1. 1 2 3 4 5 6 7 8 The eternal entrepreneur, Mukesh Bansal (April 2016). "Mukesh Bansal: The eternal entrepreneur". Forbes India.
  2. 1 2 Mukesh Bansal, Cure.fit plans expansion in India to go global in 2019, says. "Cure.fit plans expansion in India to go global in 2019, says Mukesh Bansal". Business Standard .{{cite news}}: CS1 maint: multiple names: authors list (link) CS1 maint: numeric names: authors list (link)
  3. 1 2 3 4 5 Mukesh Bansal, The equity of fitness. "Mukesh Bansal: The equity of fitness". FORTUNE India.
  4. ↑ Mukesh Bansal, India's Hottest Business Leaders under 40: Building India's largest product personalisation platform was a challenge. "India's Hottest Business Leaders under 40: Building India's largest product personalisation platform was a challenge, says Myntra's Mukesh Bansal". THE ECONOMIC TIMES.{{cite news}}: |first= has generic name (help)CS1 maint: numeric names: authors list (link)
  5. ↑ Mukesh Bansal, An approachable taskmaster. "Mukesh Bansal: An approachable taskmaster". BUSINESS LINE- THE HINDU.
  6. ↑ As founder of India's largest fashion e-commerce site, this former software engineer led the company through its sale to Flipkart. "Mukesh Bansal". BOF.
  7. 1 2 startup got right, No fashion faux pas for Myntra; what the. "No fashion faux pas for Myntra; what the startup got right". moneycontrol.com.{{cite web}}: CS1 maint: multiple names: authors list (link)
  8. ↑ Mukesh Bansal's success, The secret behind. "The secret behind Mukesh Bansal's success". rediff.com.
  9. ↑ call it quits, Why Flipkart's Mukesh Bansal decided to. "Why Flipkart's Mukesh Bansal decided to call it quits". BUSINESS TODAY.
  10. ↑ Flipkart is not really the news, Here is why Mukesh Bansal quitting (2016). "Here is why Mukesh Bansal quitting Flipkart is not really the news". FIRSTPOST.COM.
  11. ↑ taskmaster, Mukesh Bansal: An approachable. "Mukesh Bansal: An approachable taskmaster". The Hindu BusinessLine - info-tech.
  12. ↑ Ankit Nagori to also leave, One less Bansal at Flipkart as Myntra's Mukesh quits; senior executive. "One less Bansal at Flipkart as Myntra's Mukesh quits; senior executive Ankit Nagori to also leave". ECONOMIC TIMES.{{cite news}}: CS1 maint: multiple names: authors list (link)
  13. ↑ parent company Flipkart, Myntra.com hunts for new CEO after Mukesh Bansal's move (2015). "Myntra.com hunts for new CEO after Mukesh Bansal's move to parent company Flipkart". ECONOMIC TIMES.
  14. ↑ plans for Myntra, Merger, no. IPO, yes. Mukesh Bansal's (2014). "Merger, no. IPO, yes. Mukesh Bansal's plans for Myntra". FORTUNE INDIA.{{cite web}}: CS1 maint: multiple names: authors list (link)
  15. ↑ "Health and fitness platform Cure.fit renamed to Cult.fit after its flagship fitness vertical". afaqs!. Retrieved 2021-05-31.
  16. ↑ OGQ, Team (2018). "Team OGQ". olympicgoldquest.in.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.