Early Beginnings and Myntra's Success

Mukesh Bansal, a graduate of the Indian Institute of Technology (IIT) Kanpur, began his career in Silicon Valley, working with top tech companies. His experience in the U.S. provided him with a solid foundation in technology and product management. However, his entrepreneurial aspirations brought him back to India, where he founded Myntra in 2007.

Myntra quickly gained traction as a go-to online fashion retailer. Under Bansal’s leadership, the platform expanded its offerings, built a loyal customer base, and achieved exponential growth. In 2014, Flipkart acquired Myntra in a deal valued at approximately $330 million, cementing Bansal’s status as a prominent figure in India’s startup ecosystem.

Transition to Health and Fitness: The Birth of Cult.fit

Post Myntra, Mukesh Bansal’s entrepreneurial journey took a new direction. Recognizing the growing need for holistic wellness solutions in India, he co-founded Cult.fit (now known as Cure.fit) in 2016, alongside Ankit Nagori. The platform aimed to revolutionize the fitness industry by integrating technology with health and wellness services.

Cult.fit’s offerings include group workout classes, personal training, mental health support, and diet management. By combining state-of-the-art fitness centers with digital tools, the company created a seamless experience for health-conscious individuals. Today, Cult.fit boasts a presence in multiple cities across India and serves millions of users through its physical centers and app.

Mukesh Bansal’s Net Worth

Mukesh Bansal’s ventures have not only brought him fame but also significant financial success. As of 2025, his estimated net worth is around $700 million. This wealth is attributed to his stake in Cure.fit, his role in the Flipkart-Myntra deal, and other investments in the startup ecosystem.

The Visionary Entrepreneur

Beyond numbers, Mukesh Bansal’s story is one of innovation and impact. By building businesses that address critical gaps in the market, he has consistently demonstrated his ability to identify trends and execute them effectively. His journey serves as an inspiration for aspiring entrepreneurs, showcasing the importance of adaptability, perseverance, and customer-centric thinking.

Conclusion

From revolutionizing India’s online fashion industry to transforming the fitness landscape, Mukesh Bansal’s entrepreneurial ventures highlight his extraordinary journey. As the founder of India’s largest fitness chain, he continues to inspire millions with his commitment to health, innovation, and excellence. With a net worth of $700 million and a legacy of groundbreaking businesses, Mukesh Bansal remains a trailblazer in the world of startups.