Mistry was born on 14 May 1981 in Palanpur, North Gujarat, India to Kirti Mistry and Nayna.  He has two sisters, Jigna and Sweta. He completed his bachelor's degree in Computer Science and Engineering from the Nirma Institute of Technology in Ahmedabad, Gujarat. Pranav holds a master's degree in Media Arts and Sciences from the MIT and Master of Design from the Industrial Design Centre, IIT Bombay.  He also dropped out of an Architectural college prior to his bachelor's degree.  Later he was a research assistant and a Ph. D. candidate at MIT Media Lab.  He is married to Farrah Chen.
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