22 startups valued above ₹10,000 cr are being run by former Paytm workers
By MYBRANDBOOK
According to Private Circle, around 22 firms founded by former Paytm employees, together worth ₹10,668 crore. Among them are Amit Lakhotia's Park+ and Rohan Nayak's co-founded Pocket FM. Nitin Misra and Deepak Abbott's Indiagold enterprise is another noteworthy undertaking. This emphasises how successful former Paytm employees have become as entrepreneurs in the fintech industry.
Other companies that comes under this group are Junio, a digital pocket money platform for students; audio dating platform Frnd; eyewear brand Cleardekho; Genwise Club, an online club for elders; footwear brand Yoho, vending machine startup Daalchini; and cybersecurity company Kratikal Tech. The report also revealed that most of these companies were founded following Paytm’s Rs 300 crore ESOP buyback in January 2018.
“This pivotal moment marked the ascent of the Paytm Mafia onto the startup stage, laying the groundwork for its subsequent expansion and influence,” it said. Around 24% of these stratups are in the fintech sector which is followed by e-commerce, media and entertainment and software-as-a-service. Together, the companies have created 2,500 jobs in the country, with Pocket FM, Park+, Unnati, and Indiagold leading the chart.
Private Circle’s recent report valued Flipkart at $24.6 billion, that includes companies such as PhonePe, Groww, Udaan, Spinny, cult.fit, Slice, Navi, Curefoods, Credgenics, and OkCredit.
Most of these startups were founded in and after 2019, following Flipkart’s acquisition by Walmart, when the company had also announced ESOP buybacks worth $500 million.
BREAKING NEWS
TECHNO TRENDS
Nazara and ONDC set to transform in-game monetization with ‘
Nazara Technologies has teamed up with the Open Network for Digital Comme...
Jio Platforms and NICSI to offer cloud services to government
In a collaborative initiative, the National Informatics Centre Services In...
BSNL awards ₹5,000 Cr Project to RVNL-Led Consortium
A syndicate led by Rail Vikas Nigam Limited (abbreviated as RVNL), along wi...
Pinterest tracks users without consent, alleges complaint
A recent complaint alleges that Pinterest, the popular image-sharing platf...
E-Magazine
TECHNOTAINMENT
Netflix adds 'Moments' feature for saving, sharing scenes from
Netflix has introduced a new “Moments” feature on its mobile app, whic
Jacqueline Fernandez come together with YouTuber Mr. Beast for
Jacqueline Fernandez has partnered with American YouTuber Mr. Beast to b
MOVERS & SHAKERS
Visa elevates Rishi Chhabra as new Country Manager for India
Rishi holds a Master’s in Industrial Engineering from The Ohio State Univ
Genesys welcomes Albert Nel as Senior VP and Regional Sales Le
Genesys continues to deepen its investment in the APAC region. Earlier this
OPEN YOUR EYES
INTERVIEWS
Alpha Max offers high end solutions in the network space to en
The vision at Alpha Max is to attain quality as the trademark and create a
Autodesk continually pushing the boundaries in the Design and
Autodesk’s vision is of a better world designed and made for all. It inte
HOT PICK
SonicWall Launches TZ80: A Powerful Solution for Remote Office
SonicWall announced today the launch of the TZ80, a groundbreaking securit
Gigabyte X3D Turbo: A Gaming Revolution
GIGABYTE X3D Turbo Mode is a cutting-edge feature that unifies cores distr
MAKE IN INDIA BRANDS
SECUREYE SERVICES PVT. LTD.
DIGISOL SYSTEMS LTD.
STERLITE TECHNOLOGIES LTD.
TECHROUTES NETWORK PRIVATE LIMITED
EMINENT CIO'S OF INDIA
ICONS OF INDIA
ICONS OF INDIA : SANTHOSH VISWANATHAN
Santhosh Viswanathan is the the Vice President and Managing Director f...
Icons Of India : NIKHIL RATHI
Co-founder & CEO of Web Werks, a global leader in Data Centers and Clo...
Icons Of India : Puneet Chandok
Puneet Chandok is President, Microsoft India & South Asia and is respo...
PARTNER SPEAKERS
PSU
DRDO - Defence Research and Development Organisation
DRDO responsible for the development of technology for use by the mili...
EESL - Energy Efficiency Services Limited
EESL is uniquely positioned in India’s energy sector to address ener...
STPI - Software Technology Parks of India
STPI promotes and facilitates the growth of the IT and ITES industry i...
VIDEOS
Top 25 Brands
Global Indian industry
Indian Tech Talent Excelling The Tech World - George Kurian, CEO, Netapp
George Kurian, the CEO of global data storage and management services ...
Indian Tech Talent Excelling The Tech World - Sanjay Mehrotra, CEO- Micron Technology
Sanjay Mehrotra, the President and CEO of Micron Technology, is at the...
Indian Tech Talent Excelling The Tech World - JAY CHAUDHRY, CEO – Zscaler
Jay Chaudhry, an Indian-American technology entrepreneur, is the CEO a...
STARNITE AWARDS 2024
ITFORUM 2024
CMO of the Year
WOMEN LEADERSHIP
IMAGE GALLERY
TRENDS IN TECHNOLOGY
MORE VIDEOS
ADVERTISEMENTS
TECHNOLOGY DISRUPTION
UNICORNS REVOLUTIONISING
