10 Things You Didn’t Know about Mukesh Bansal

Mukesh Bansal

Mukesh Bansal is an Indian businessman. Currently, he is the CEO of Cure.fit, which he co-founded. However, it is interesting to note that this isn’t the first time that Bansal has co-founded a tech company, as shown by his previous involvement with Myntra.

1. Born in the State of Uttarakhand

Bansal was born in the Indian state of Uttarakhand, which is situated next to both China’s Tibet Autonomous Region and Nepal’s Sudurpashchim province. As such, it should come as no surprise to learn that the state is home to some remarkable natural scenery. Something that seems to have inspired people in the past as much as it inspires people in the present. After all, Uttarakhand is sometimes called the Land of the Gods because of the sheer number of Hindu temples that can be found in the state.

2. Born in the City of Haridwar

Speaking of which, Bansal was born in the city of Haridwar, which is one of the numerous sites of religious importance in Uttarakhand. Supposedly, it is the place where the goddess Ganga descended after her eponymous river was released from the god Shiva’s hair. Furthermore, Haridwar is said to be one of the four places where a drop of the wondrous amrit fell to earth while it was being carried in a pitcher by the celestial bird Garuda. Naturally, the city sees millions and millions of pilgrims on an annual basis.

3. Went to IIT Kanpur

Education-wise, Bansal went to the Indian Institute of Technology Kanpur, which tends to be shortened to IIT Kanpur for the sake of convenience. For those who are unfamiliar, the Indian Institutes of Technology aren’t the same school with multiple campuses. Instead, each one is an autonomous school in its own right, though they are connected to one another through a common council responsible for their administration. Perhaps unsurprisingly, IIT Kanpur is focused on tech as well as research, which is something that it shares with its counterparts.

4. Studied Computer Science

Subject-wise, Bansal studied computer science, which is a huge field that can be divided into various sub-fields using various criteria. One example would be separating it into more theoretical sub-fields and more practical sub-fields. Regardless, the sheer size of computer science means that no one can hope to be an expert in every single sub-field, particularly since so much progress is being made on such a regular basis. Anyone who tried would struggle to even keep up. Never mind make contributions of their own.

5. Spent Some Time Working for Deloitte

Upon graduation, Bansal spent some time working for Deloitte as a systems analyst. Generally speaking, Deloitte refers to the professional services network currently called Deloitte Touche Tohmatsu Limited, which is a name that speaks volumes about the extent of its expansion. It is considered to be one of the Big Four accounting organizations. Something that says much about the prestige in which it is held. However, Deloitte has also had plenty of scandals, with examples ranging from its misleading reports on illicit tobacco in Australia to its poorly-built website meant to manage COVID-19 vaccination for the CDC in the United States.

6. Was There for the Dotcom Boom

Bansal has been involved with tech companies for a very long time. After all, he was inspired by the original dot-com boom, so much so that he headed to San Francisco so that he could get involved in the center of things. For those who are unfamiliar, the dot-com boom was a surge of popularity for Internet-related companies that happened because of the popularization of the Internet in the 1990s. Unfortunately, excessive enthusiasm resulted in the formation of a stock market bubble, which proceeded to burst in the early 2000s. A lot of Internet-related companies failed in that time. However, there are others that managed to come out battered but nonetheless intact, with an excellent example being Amazon.

7. Picked Up a Lot of Experience with Startups

Still, it seems safe to say that Bansal gained a great deal of valuable expertise and experience in this time period. Start-ups tend to be very precarious. After all, they have limited resources as well as newly established revenue streams, meaning that they get hit harder than their established counterparts by any mistakes on their part. However, these issues can be mitigated to some extent by skillful and experienced management, particularly when that experience comes from the relevant field. Bansal was involved in a number of start-ups during the dot-com boom, meaning that he is bound to have picked up useful insight into what to do and what not to do when he decided to strike out on his own.

8. Co-Founded Myntra

In 2007, Bansal became one of the three co-founders of Myntra. Initially, said company started out as a platform for personal gifting. However, it went on to become a major name in fashion-related e-commerce. Thanks to that, Myntra winded up being bought out by Flipkart for $330 million, which is no mean sum. After said transaction, Bansal continued on for quite some time as its Chairman of the Board before leaving in 2016.

9. Involved in Running Flipkart

Speaking of which, Bansal became involved in running Flipkart. His role was the Head of Commerce & Advertise Business, where he played an important role in changing the way that the company handled talent.

10. Co-Founded Cult.fit

Currently, Bansal is running Cult.fit, which is another company that he co-founded. Said company is focused on well-being, meaning that it has a huge though hotly-contested market before it. Simply put, people are now more concerned about their health than ever before. However, the way that they access relevant resources has seen a significant change in recent times, not least because of the impact of COVID-19. As such, there is room for companies such as Cult.fit to break into the market. Something that can be very lucrative for those that managed to make it.

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