Cult.fit CEO Mukesh Bansal to raise $50 mn for new venture: Report

Cult.fit Co-founder and CEO Mukesh Bansal, who also co-founded Myntra, is reportedly in the advanced stages to raise about $50 million for a new premium fashion venture. Peak XV Partners (formerly Sequoia India) and Accel are among the investors that are likely to invest, Moneycontrol reported. In June, Bansal denied speculations about a new venture.