In 2007, Myntra founder Mukesh Bansal left California for India after spending ten years building his career in Silicon Valley. Accompanied only by the ambition to make his startup vision a reality and the unwavering conviction that India Shining was a truth about to be realized, he took the plunge.
This week, we take a look at how Myntra took India’s e-commerce fashion market by storm and learn more about Bansal’s newest venture, CureFit.
Once Bansal arrived in India, his team referred him to Subrata Mitra, one of our founding partners at Accel. He easily piqued Mitra’s interest:
“What was very interesting was the big commitment to come back [to India], and the second thing was [that] he was willing to put in his own money,” said Mitra.
A startup founder unwilling to wait for investors was just as rare then as it is today. Therefore, the deal was closed and the cheque deposited. It was time to get to work.
Since then, Myntra has been numerous things. A personalized product company. A sports apparel firm. A traveling mall kiosk (yes, really). So what was the entrepreneurial journey that led to the Myntra that we have all come to know, browse endlessly, and love today?
It took many a market pivot, a whole lot of patience, good ol’ commitment – and a lonely walk in a shopping mall. Trust us, this is a story you’ll want to hear because it truly goes to show that inspiration can strike at any moment.
Following Myntra’s success, Bansal planned to take a six-month vacation… Only to return less than a month later with an idea for a brand new venture: CureFit. After surveying the health and fitness market, he recognized its key issues and is now transforming the industry by bringing it to the 21st century.
Like many of us, you’re probably wondering how Bansal generates such innovative yet essential products. As Mitra puts it, “If you don’t live the experience, it’s not authentic.” Since 2007, Bansal has dedicated his career towards building brands with authenticity.
In this podcast, live the experience with Bansal and delve into his entrepreneurial journey; from combining Myntra’s fashion and tech DNA, to why culture is such a vital aspect of any company, unearth his perspective about the critical influence of timing, market positioning, branding, and mergers. All before learning about Bansal’s newest venture, CureFit, and how it is revolutionizing the health and fitness market in India today.
Anand Daniel is a seed/early stage venture investor with Accel Partners.