Mukesh Bansal is the founder and chief executive of Myntra, India’s largest fasion e-commerce site, which was acquired, in 2014, for $375 million by Flipkart, the country’s equivalent to Amazon.
Before founding Myntra, Bansal spent eight years in Silicon Valley, first as a software engineer, then as a product manager. “I got there in 1999, which was pretty much at the peak of the whole ‘dotcom’ boom, and I was excited and energised by the power of the Internet and the potential to reshape businesses,” he said.
Armed with the important lessons drawn from his time in the Bay Area, Bansal returned to Bangalore, a growing tech hub in his native India, to launch Myntra, in 2006, as a product personalisation platform. But Bansal could see that the company was “running into the ceiling.” So he took a risk and pivoted the company into fashion e-commerce.
By investing heavily in technology, embracing an open SiliconValley-style culture and making several succesful strategic bets, Bansal has built Myntra into the country’s largest online fashion player.