Mukesh Bansal is an Indian serial entrepreneur and president of Tata Digital, the newest company launched by the over 150-year-old Tata Group. Bansal, an alumnus of the prestigious Indian Institute of Technology, was among the early internet entrepreneurs in India. In 2007, he co-founded a personalized gifting startup, Myntra, which pivoted to an online lifestyle and fashion marketplace in its early years.
In 2014, Myntra was acquired by online retail major Flipkart (now owned by Walmart) as the largest e-commerce acquisition in India at the time. Flipkart paid $330 million to buy Myntra, and, over the years, this acquisition has helped the company become the largest online fashion retailer in India — well ahead of rival Amazon.
After the acquisition, Bansal continued to be the chairman of Myntra’s board and also took the role of Flipkart’s head of commerce and advertising business. In 2016, he moved on from Flipkart and co-founded fitness-focused healthcare venture CureFit with his former Flipkart colleague Ankit Nagori. Bansal currently serves as the “WIP” (work in progress) at CureFit.
Bansal is often praised for his ability to attract investments from marquee investors. Myntra was backed by Premji Invest, the investment company of Indian IT industry veteran and Wipro’s chairman, Azim Premji. Accel’s India team has invested in every round that Bansal has raised for his startups.
Bansal is currently helping salt-to-steel conglomerate Tata succeed in the internet space. In June 2021, he was appointed the president of Tata Digital, which is expected to weave together the consumer internet offerings of Tata’s many brands. In April 2022, Tata Digital launched an ambitious super app called Neu.