Startup , Running and Growing a Business Stories in India TheFounder : TheFounder
  • News & Update
  • Founder Interview
  • Founder Story
  • Opinion
  • Blog
  • Press Release
  • Contact Us
  • News & Update
  • Founder Interview
  • Founder Story
  • Opinion
  • Blog
  • Press Release
  • Contact Us
No Result
View All Result
Startup , Running and Growing a Business Stories in India TheFounder : TheFounder
No Result
View All Result
Home Founder Story

Success Story of Founder Mukesh Bansal

Rishi Chauhan by Rishi Chauhan
March 26, 2022
in Founder Story
0
Success Story of Myntra Founder Mukesh Bansal
Share on FacebookShare on Twitter

Good day to everyone! We all enjoy shopping online, whether it’s for daily needs, special occasions, or as a stress reliever for some. We can’t deny that online shopping comes in handy during times of need. In this millennial era, where going out to shop has become outdated and time-consuming, online shopping allows us to shop without having to move an inch while also delivering products to our doorsteps. While we’re talking about the growing popularity of online fashion stories, let’s take a look at Myntra’s success storey, as well as the Myntra Founder, Mukesh Bansal.

Mukesh Bansal’s Personal and Family Life

Mukesh Bansal was born in the Uttarakhand town of Haridwar. He came from a middle-class family and worked hard to gain admission to an IIT. He is well-known for his pleasant and polite demeanour. Archana, his wife, owns her own business. After ten years of contributing efforts in the United States, he returned to India and launched Myntra, and his entrepreneurial journey continued from there. He has two sons, Avni (Meaning Earth) and Arnav (Meaning Ocean)

Success Story of Myntra Founder Mukesh Bansal

Mukesh Bansal, the founder of Myntra, should be mentioned briefly

Mukesh Bansal is a well-known Indian businessman who founded the Indian fashion e-commerce company Myntra. He was also named one of Fortune magazine’s “Best 40 Entrepreneurs.” Currently, Mukesh Bansal serves as the CEO of cure.fit.

Myntra’s Success Story

Myntra’s establishment

Mukesh Bansal began his career as a product manager for four separate startups. He began to gain knowledge of how the market operates. As a result, he eventually decided to start his own e-commerce business. In 2007, a software engineer, Vineet Saxena, and Ashutosh Lawania launched Myntra, an online shopping portal.

Although software and business are not uncommon, there was a unique idea that helped Myntra achieve enormous success. Myntra emerges as the country’s first B2B online fashion store. Within a few years, Myntra had established itself as India’s largest fashion e-commerce platform.

Mukesh Bansal- Biography

Name Mukesh Bansal
Born 1976
Birthplace Haridwar, Uttarakhand
Age 44 (2020)
Nationality Indian
Education IIT, Kanpur
Profession Businessman
Position CEO of Cure.fit; Founder of Myntra
Marital Status Married
Spouse Archana Bansal
Children 2 (Avni & Arnav)

Myntra’s Ascension

The steps taken by the creators demonstrated Myntra’s firm establishment in the online fashion community. Myntra was the first corporation to acquire international brands on a large scale, with over 360 brands.

In 2011, Myntra began selling brands such as Being Human and Fastrack. As the company expanded, it was able to include more than 1 lakh products from various brands in its portfolio. By the end of 2015, Myntra had established working relationships with over 1000 brands.

The following year, Myntra’s founder released its mobile application to the market and began to expand its business globally. Everything was going swimmingly for Myntra until Jabong.com entered the market in 2016. Nonetheless, as the market’s largest fashion e-commerce company, the collaboration was a success.

Myntra began to expand its business in 2017 by collaborating with the Ministry of Textiles to promote India’s handloom industry.

Read More: From A Small Office in India to a Corporate Office in The UK: Incredible Journey of Kanris Infotech

Myntra has more

Myntra began to gain traction and was regarded as a viable competitor to Flipkart and Amazon. It achieved success and switched its business model from B2B to B2C, allowing it to expand to its full potential. The hybrid logistic model approach has aided Myntra’s tremendous success in recent years.

Improving their business model, having a clear thought about business, and very well knitted strategies helped Myntra become a fashion e-commerce industry icon.

Tags: Mukesh BansalMyntraMyntra Founder Mukesh BansalMyntra's success storeyMyntra's success storySuccess Story of Myntra Founder Mukesh Bansal
Previous Post

How to Select Pedestal Fan for Your Home

Next Post

Success story of the founder of ShopClues -Radhika Aggarwal

Rishi Chauhan

Rishi Chauhan

hey I am Rishi Chauhan writer at the founder. And I am a professional Indian Blogger, I like to meet CEO and founder and cover their stories.

Related Posts

Sanchit Bhor
Founder Story

Story of Sanchit Bhor Presents CBSEBoard An Online Resource For The CBSE Exams

May 4, 2022
Arjun Lamror
Founder Interview

Interview with Co-founder of TIGERIZ – Arjun Lamror

April 3, 2022
the founder of ShopClues -Radhika Ghai Aggarwal
Founder Story

Success story of the founder of ShopClues -Radhika Aggarwal

March 26, 2022
Archana Bahuguna
Founder Interview

Interview with Archana Bahuguna from Pahoti Wellness

January 24, 2022
Rishikesh Tiwari
Founder Story

From A Small Office in India to a Corporate Office in The UK: Incredible Journey of Kanris Infotech

December 3, 2021
wazirx
Founder Story

Meet The WazirX Founders & Their Contribution to Indian Crypto

December 3, 2021
Next Post
the founder of ShopClues -Radhika Ghai Aggarwal

Success story of the founder of ShopClues -Radhika Aggarwal

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Subscribe For More Update

ADVERTISEMENT
  • Arbab Usmani

    Interview with CEO of UppSkill Arbab Usmani

    123 shares
    Share 123 Tweet 0
  • Indore Based Bootstrap Startup BookMyColleges Founder Gaurav Jain

    247 shares
    Share 247 Tweet 0
  • Interview With Ishita Khosla from Confidress Fashion

    0 shares
    Share 0 Tweet 0
  • Interview With Knya Founder Vanshika Choudhary

    1 shares
    Share 0 Tweet 0
  • Great Startup interview with Subodh Sharma from Pink Woolf

    1 shares
    Share 0 Tweet 0
Sanchit Bhor

Story of Sanchit Bhor Presents CBSEBoard An Online Resource For The CBSE Exams

May 4, 2022
Washing Machine

Difference Between Front Load and Top Load Washing Machine

April 28, 2022
Aryan Mayank

Interview with Aryan Mayank from Gorakhpur

April 6, 2022

About Us

Startup , Running and Growing a Business Stories in India TheFounder : TheFounder

The Founder is the channel that introduces small startups and big startup or companies to the big world. It is an online story publishing platform that features startups and entrepreneurs, founders in India. The most promising stories get featured on this platform and the target audience gets a chance to review the real products even before trying them out.

Mail : [email protected]
Mail : [email protected]

Newsletter


the founder

Recent News

Sanchit Bhor

Story of Sanchit Bhor Presents CBSEBoard An Online Resource For The CBSE Exams

May 4, 2022
Washing Machine

Difference Between Front Load and Top Load Washing Machine

April 28, 2022
  • About Us
  • Share Your Story
  • Contact Us

© 2019-2020 The Founder India

No Result
View All Result
  • News & Update
  • Founder Interview
  • Founder Story
  • Opinion
  • Blog
  • Press Release
  • Contact Us

© 2019-2020 The Founder India