According to a report by Private Circle, Paytm employees who left the company to start 22 different startups have collectively reached a valuation of ₹10,668 crore. Among these startups are Pocket FM, co-founded by Rohan Nayak, Park+ by Amit Lakhotia, and Indiagold by Deepak Abbot and Nitin Misra.
Most of these companies were established after Paytm’s ₹300 crore ESOP buyback in January 2018. The report also mentioned that around 24% of these startups are in the fintech sector, creating 2,500 jobs in the country.
Additionally, employees who departed from Flipkart have contributed to companies valued at $24.6 billion, including PhonePe, Groww, Udaan, and others.
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