Flipkart vs Myntra: Founders, CEOs and History
Flipkart was founded in 2007 by Sachin Bansal, Binny Bansal and is led by Kalyan Krishnamurthy. Myntra was founded in 2007 by Mukesh Bansal, Ashutosh Lawania, Vineet Saxena and is led by Sharon Pais.
Company facts
Founders
Flipkart
Sachin Bansal
Sachin Bansal co-founded Flipkart in 2007 alongside Binny Bansal (no relation). Operating initially out of an apartment in Bangalore, they launched the company by selling books online.
Binny Bansal
Binny Bansal co-founded Flipkart in 2007. Serving as the Chief Operating Officer, he designed the underlying supply chain and logistics infrastructure (eKart) that allowed Flipkart to reliably deliver goods across India's notoriously difficult terrain.
Myntra
Mukesh Bansal
Mukesh Bansal co-founded Myntra in 2007. Originally launching the site as a platform for personalized gift items (like custom mugs), he quickly realized the massive, totally untapped potential in selling branded fashion online to Indian consumers.
Ashutosh Lawania
Ashutosh Lawania co-founded Myntra in 2007 alongside Mukesh Bansal. He played an absolutely critical role in building out the incredibly complex logistics and supply chain network required to reliably deliver fashion goods across the highly fragmented Indian p…
Vineet Saxena
Vineet Saxena co-founded Myntra in 2007. He was highly instrumental in the early technical build-out of the platform, helping transition the site from selling personalized gifts into a massive, highly robust fashion catalog capable of handling millions of SKUs…
CEOs and their tenures
Flipkart
- Sachin Bansal2007–2016
Co-founder & former CEO
An IIT Delhi computer science graduate and former Amazon software engineer, Bansal laid the foundational infrastructure for India's modern internet economy.
Source - Binny Bansal2016–2017
Co-founder & former Group CEO
Binny Bansal was instrumental in engineering Ekart's national logistics network before transitioning to Group CEO during Flipkart's historic transaction with Walmart.
Source - Kalyan Krishnamurthy2017–present
CEO
A former Tiger Global managing director with an MBA from UIUC, Krishnamurthy's execution prowess solidified Flipkart's position as India's leading digital retail ecosystem.
Source - Ravi Iyer2019–present
Chief Financial Officer, Flipkart
As Senior Vice President of Corporate Finance, he manages the incredibly complex capital requirements for Flipkart's ongoing, brutal price war against Amazon India.
Source
Myntra
- Mukesh Bansal2007–2015
Co-founder & Former CEO
As Founder and CEO, he built the company from scratch, orchestrated its massive acquisition by Flipkart, and subsequently ran Flipkart's commerce division before leaving to found Cure.fit.
Source - Nandita Sinha2022–2026
Former Chief Executive Officer
As CEO, she fiercely defends Myntra's absolute dominance of the Indian fashion market against aggressive incursions from Reliance (Ajio) and Tata (Tata Cliq).
Source - Sharon Pais2026–present
Head / Chief Executive of Myntra
As Chief Business Officer, she dictates the core merchandising strategy that maintains Myntra's absolute positioning as a premium, fashion-forward platform rather than a discount bin.
Source - Kannan Ganesan2026–present
Chief Financial Officer
As a senior technology leader, he ensures the platform's AI-driven recommendation engine remains vastly superior to rivals, heavily driving impulse purchases.
Source
Timeline: Flipkart and Myntra side by side
2007Flipkart
Flipkart founded in Bengaluru by Sachin Bansal and Binny Bansal as an online bookstore.
2007Myntra
Myntra Founded in Bengaluru
Mukesh Bansal, Ashutosh Lawania, and Vineet Saxena launched Myntra as a personalized gifts site.
2009Flipkart
Accel India invests $1 million in seed capital, accelerating tech infrastructure and marketing.
2010Flipkart
Flipkart pioneers Cash on Delivery (COD), sparking large consumer trust and transaction growth.
2011Myntra
The Historic Pivot to Pure-Play Fashion E-Commerce
Pivoted from personalized gifts to fashion apparel, onboarding top global and Indian brands.
2012Myntra
Launch of In-House Private Label 'Roadster'
Introduced Roadster, which became one of Myntra's largest in-house casualwear labels.
2014Flipkart
Launches inaugural Big Billion Days festival and acquires premier fashion marketplace Myntra for $300M.
2014Myntra
Acquired by Flipkart
Flipkart acquired Myntra in a deal valued at about ₹2,000 crore (roughly $330 million).
2015Myntra
App-Only Move
Myntra shut its website in May 2015 to sell only through its mobile app, and reopened the website in 2016.
2016Flipkart
Acquires UPI payments startup PhonePe, integrating mobile payments across its commerce ecosystem.
2016Myntra
Acquired Jabong.com
Myntra acquired Jabong.com for $70 million.
2017Flipkart
Kalyan Krishnamurthy becomes CEO; Flipkart raises $1.4 billion from Tencent, eBay and Microsoft, then $2.5 billion from SoftBank Vision Fund.
2018Flipkart
Walmart acquires a 77% controlling stake for $16 billion, its largest acquisition ever.
2018Myntra
Walmart Acquires Flipkart Group for $16 Billion
Walmart acquired controlling stake in Flipkart, providing global retail supply chain backing.
2021Flipkart
Acquires travel platform Cleartrip; raises $3.6 billion at a $37.6 billion valuation.
2021Myntra
Logo Changed
Myntra changed its logo in January 2021 after a complaint that the design was offensive.
2022Flipkart
Completes the separation of PhonePe into an independent company, with both remaining under Walmart majority ownership.
2022Myntra
Nandita Sinha Appointed Chief Executive Officer
Former Flipkart executive Nandita Sinha became CEO; Myntra turned profitable in FY24 under her leadership.
2023Myntra
Launch of Myntra FWD (Gen Z Fast Fashion Hub)
Unveiled dedicated trend-first fashion portal with weekly micro-drops and creator styling.
2024Flipkart
Raises about $1 billion in a Walmart-led round including Google at a roughly $36 billion valuation; launches Flipkart Minutes quick commerce in August.
2025Flipkart
Flipkart India reports FY2025 revenue of ~$9.6 billion (₹82,787 crore) (+17.3%) and a ~$602 million (₹5,189 crore) loss; marketplace arm Flipkart Internet cuts its loss 37%.
2025Myntra
Net Profit Reaches ₹548 Crore
FY25 operating revenue rose 18% to ~$701 million (₹6,043 crore) and net profit jumped about 18-fold to ~$63.6 million (₹548 crore).
2026Flipkart
Completes reverse flip of its holding company from Singapore to India in March; a July employee buyback values Flipkart at about $38.2 billion as it prepares for an Indian IPO.
2026Myntra
Sharon Pais Takes Over From Nandita Sinha
Sharon Pais was named head of Myntra in April 2026; Sinha later became CEO of Swiggy Instamart from 3 August 2026.
Acquisitions
Flipkart
- Cleartrip2021$40M
- eBay India2017Undisclosed
- Jabong2016$70M
- Myntra2014$300M
Myntra
- Witworks2018Undisclosed
- Pretr Online Services Pvt2018Undisclosed
- Jabong.com2016$70M
- Cubeit2016Undisclosed
- Native52015Undisclosed
Questions about Flipkart vs Myntra
Who is the CEO of Flipkart and Myntra?
Flipkart is led by Kalyan Krishnamurthy and Myntra is led by Sharon Pais. Both serve as the top executive responsible for the company's strategy, operations, and financial performance.
When was Flipkart founded vs Myntra?
Both Flipkart and Myntra were founded in 2007, making them the same age.
How many employees does Flipkart have compared to Myntra?
Flipkart employs approximately 45,000 people, while Myntra employs approximately 5,500. Flipkart has the larger workforce at 45,000 employees, compared to Myntra's 5,500. A higher headcount does not necessarily imply greater efficiency — it often reflects differences in business model (e.g., manufacturing vs. software).
Where are Flipkart and Myntra headquartered?
Both Flipkart and Myntra are headquartered in India. Their local rules and tax obligations may still differ.
Who founded Flipkart and Myntra?
Flipkart was founded by Sachin Bansal, Binny Bansal. Myntra was founded by Mukesh Bansal, Ashutosh Lawania, Vineet Saxena.
Which company has a longer operating history — Flipkart or Myntra?
Flipkart has been operating for approximately 19 years, making it the more established of the two companies. Myntra has been in operation for around 19 years. A longer operating history often signals greater institutional resilience and brand recognition, though it can also mean slower adaptation to new market conditions.
Figures come from each company's filings and the sources linked beside them. Amounts reported in another currency are shown in US dollars at an approximate rate and marked with ~. Back to the Flipkart vs Myntra overview