IIT Kanpur alumnus Mukesh Bansal has began a number of profitable companies, with probably the most worthwhile ventures of the entrepreneur being Myntra and Cure Fit.
Mukesh Bansal is likely one of the most profitable entrepreneurs of India and is the person behind India’s largest clothes and accessories web site Myntra. However, Myntra will not be the one enterprise Bansal is thought for, and he’s additionally the founding father of India’s largest health and gym chain Cure Fit.
Mukesh Bansal, who’s a graduate of the celebrated Indian Institute of Technology (IIT) Kanpur, began his profession by working for Deloitte for two years, primarily based within the firm’s Chicago workplace. He quickly began working in a number of Silicon Valley corporations, from the place he bought the thought to open his personal startup enterprise.
Teaming up with Ashutosh Lawania and Vineet Saxena, Mukesh Bansal founded Myntra in 2007 as a gifting platform. Soon, the model remodeled into India’s largest clothes and accessories on-line store, retaining the highest spot within the business for over a decade.
Myntra was quickly acquired by Flipkart in an enormous Rs 2,730 crore deal, and Bansal turned the Head of Commerce and Advertising Business. Under his management, Flipkart ended up reaching over Rs 41,364 crore in income.
However, Mukesh Bansal’s startup journey didn’t cease there. In 2016, Cure Fit, which is a well being and health firm. Cure Fit has a number of manufacturers falling below it like Eat Fit and Cult.match, which is a extensively profitable gym chain, with tons of of areas throughout the nation.
Cult.match turned an enormous success due to its specialised lessons and health routines, endorsed by Bollywood star Hrithik Roshan. The success of Mukesh Bansal’s gym chain attracted the attention of Ratan Tata, one in every of India’s richest businessmen.
Ratan Tata turned a serious investor in Cure Fit and Cult.match, taking Mukesh Bansal’s firm to a different stage. Tata ended up investing Rs 620 crore within the firm, taking the overall valuation of Cult.match and Cure Fit to Rs 12,411 crore, in accordance with The Economic Times.
When becoming a member of the valuation of each Myntra and Cure Fit, Mukesh Bansal’s companies have a complete worth of over Rs 18,000 crore. In 2022, Mukesh Bansal had a net worth of over Rs 4200 crore.
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