![]() ![]() Indiagold: Founded by Senior Vice President of products at Paytm, Deepak Abbot and Senior Vice President and business head of Paytm Nitin Mishra, Indiagold is trying to digitally transform lending against gold in India. It has raised around $7 million so far from marquee investors like Tencent, Times Group and Lightspeed India. Nayak stayed with Paytm post the acquisition for a short while before starting his own venture. He had earlier worked with mobile tech firm Cube26, which was acquired by Paytm in 2018. Pocket FM: Vernacular audiobooks and podcast marketplace Pocket FM was launched in 2018 by Rohan Nayak. It has raised $11 million funding in a round co-led by Sequoia India and Matrix Partners India.Īngels such as MakeMyTrip Founders Deep Kalra and Rajesh Magow, Cred Founder Kunal Shah, BookMyShow Founder Ashish Hemrajani, and Snapdeal Founders Kunal Bahl and Rohit Bansal also participated in the round. Park+: Smart parking solutions provider Park+ was launched in 2019 by Amit Lakhotia, former vice president of Paytm Payments. Recently, it also launched a new product that allows users to send personalised video messages and tips recorded by celebrities and influencers for their close ones. The start-up enables community opinions to drive sales of products. ![]() The Delhi-based company has so far raised $16 million from marquee investors such as Accel Partners, Shunwei Capital and Good Capital. ![]() SimSim also has a third founder, Kunal Suri, who had earlier worked as the Chief Operating Officer (COO) and Managing Director of food-tech firm, Foodpanda. Vashishtha on the other hand was the SVP of business at Paytm and worked with the company for three years. His last role was that of the Senior Vice President (SVP). Bagaria left Paytm after serving the company for five years. SimSim: This video-based commerce app was founded in 2018 by Amit Bagaria and Saurabh Vashishtha. Here is an account of who some of these founders are and what they have built so far. The company gives you that high no matter how harsh or tough it is," he adds. Once you work in Paytm, it becomes difficult for you to pick up a job in another company. You just have to build, launch and run the product. That was Vijay's (Vijay Shekhar Sharma) philosophy. "It looks like a big organisation with thousands of employees but in every function, there are no two people working on the same product. "During my tenure I saw at least 3-4 liquidity events," says Deepak Abbot, former senior vice president of Paytm, who stayed at the company for almost three years before launching his start-up, Indiagold. Well, safe to say that with its intrapreneurial culture, Paytm provides an incubation ground for budding entrepreneurs.īesides, the company has also created multiple liquidity events, which has boosted the morale of the employees to start something of their own. How did it manage to churn out so many of them? Globally there is the PayPal Mafia closer home are the Flipkart and Zoho mafias.Īt a time when the home-grown digital payments firm Paytm gears up for an initial public offering (IPO), here's a look at the Paytm mafia.Īccording to people in the know, at least 30 senior executives have exited the two-decade old company to start-ups. ![]()
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