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Moneycontrol was first to report about Mukesh Bansal and Mohit Gupta eyeing as much as $50 million from Peak XV Partners and others for their fashion startup in August 2023.
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Krishnaswamy’s LinkedIn update revealed that he has been CEO of the fitness satrtup since October 2023. He’s an alumnus of IIT Madras and IIM Calcutta.
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Bansal spoke to Lalit Keshre, the founder and CEO of online stock broking platform Groww, about the negative impact day trading had on his psyche
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Cult.fit has raised money at a time when it is looking to move away from a tech-first gym chain to a company that is more focused on an offline model.
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While Pavan Podila has spent over two-and-a-half years at Tata Digital, Samir Aksekar has spent close to three years at the company.
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The unicorn, which also counts Tata Digital as an investor, is realigning its business strategy to transition into an offline-heavy gym company, departing from its previous identity as a tech-enabled fitness startup.
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The new venture that Bansal is working on, along with Mohit Gupta, will be in the premium fashion space aimed at Gen Z, an increasingly attractive segment for e-commerce players.
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Tata Digital wants to balance unit economics and growth simultaneously, according to a person directly involved.
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The firm has also grown its revenues by 50 percent after the pandemic is now operationally profitable. On the average, a fitness centre sees around 250-300 footfalls. Online classes contribute to 10 percent of the overall business
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Tata Digital had last week launched its much-anticipated app Tata Neu, which houses several top Tata brands such as Tata Croma, AirAsia, and BigBasket.
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Before setting up Curefit, Mukesh Bansal founded Myntra - which he later sold to Flipkart in 2014.
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Ankur Verma, a senior vice-president in Tata Sons' chairman's office will also join the board of the digital health platform.
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As part of the agreement, CureFit Founder and CEO Mukesh Bansal will join Tata Digital in an executive role as president.
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The total size of the capital raise is still being discussed by the parties involved as talks are still at an early stage
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Food delivery platform Swiggy has appointed Myntra co-founder and former CEO Mukesh Bansal on its advisory board.
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The startup aims to create a healthcare platform for preventing illnesses which is currently non-existent in India, Bansal told CNBC-TV18‘s Adith Charlie
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In this episode, Shereen Bhan is in conversation with the man who founded Myntra, sold it to Flipkart and has now decided to start his third innings, Mukesh Bansal.
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Mukesh Bansal after quitting Flipkart lays down his mantra for Myntra, in an CNBC-TV18 interview he says Myntra will be the first profitable e-commerce company in India.
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Flipkart sees another round of top-level rejig as Mukesh Bansal, head of commerce and advertising business and Ankit Nagori chief business officer, step down, reports CNBC-TV18
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In his role as CMO, Samar will be the primary custodian of the Flipkart brand. His focus will be on gaining deeper customer insights, raising the level of customer centricity and driving high level of creativity and quality in all communication, the company said in a release.
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"This sets a record for the highest number of mobile phones sold in India in a short period of ten hours in any platform, either online or offline," Flipkart said in a statement. Flipkart's Big Billion Days festive sale started on October 13 and will end on October 17.
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The company is leaving no stone unturned to ensure there are no last minute hassles and customers have a pleasant shopping experience, unlike the previous year
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Following public backlash, e-commerce reatiler Flipkart on Tuesday pulled out of the controversial Airtel Zero platform.
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Flipkart's Mukesh Bansal believes fashion, which is very large in market size, will grow more than 100%. "We expect fashion to continue to grow in our portfolio this year. Between Flipkart and Myntra, we are happy that we are more than half the market share of all fashion transactions and will continue to grow aggressively this year," he adds
