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A recent report indicates that 22 startups worth more than ₹10,000 crore are being operated by individuals who used to work at Paytm

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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.

For more information visit at https://happenrecently.com/zepto/?amp=1

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