Brand: Myntra
Industry: Services/Gifting solutions
Location: Bengaluru
Founded in July 2006, Myntra is the brain wave of 6 guys from IIT/IIM background. This company was one of the early movers in India who got into the business of on-demand personalization platform for products, gifts and merchandise. The company is exploring a hybrid model - where it has tied up with Reliance Web World and several other gift shops, where the customer can see and touch the products in person, as well conveniently pay by cash.
Yet another company that was in a very early stage when recession stuck, did it affect them? "Yes, the average corporate customers’ order size has gone down, but we have clocked from 40 customers to 300 customers in this time frame," says Mukesh Bansal. Myntra has received a funding of $5 million from tier 1 Venture Capital funds like IDG, NEA & Accel. The company is headquartered in Bangalore & has sales offices across Mumbai & New Delhi.
| Founder: Mukesh Bansal, Sankar Bora |
| Investors: IDG, NEA & Accel |
| Core team members: Raveen Sastry, Vineet Saxena, Ashutosh Lawania, S S Venkatesh, Prabhakar Sunder, Rajat Shikhar |
| Mentor: Sasha Mirchandani, Shantanu Bhagwat, Rohit Agrawal, Priyank Garg, Shiva Kumar |
| Key Clients: Yahoo, Mphasis, SAB Miller, Accenture, Tech Mahindra, Birlasoft, Headstrong etc |
| URL: www.myntra.com |
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Mukesh Bansal of Myntra.com |
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