Paytm Employee Start: Paytm, the country’s leading fintech company, has been facing a major crisis for the past few months. But one cannot forget the contribution of Paytm in the field of digital transactions. After demonetisation, Paytm became the only recourse for people facing cash problems. Encouraged by Paytm’s success, many companies entered the digital payments space. Now another interesting information has come out that due to Paytm the country has also got 22 startups. These are the startups, started by the employees working in Paytm. Today, the total market value of all these startups is around Rs 10,668 crore.
Companies like Pocket FM and India Gold are involved.
According to a report in Private Circle, most of these companies were formed when Paytm did a Rs 300 crore ESOP buyback in January 2018. According to the report, these startups include Pocket FM by Rohan Naik, former Product Manager of Paytm, Park Plus by Amit Lakhotia, former Business Head of Paytm Wallet and Deepak Abbott, former SVP Product of Paytm and former Business Head of Paytm Postpaid. Head Nitin Mishra’s gold loan company IndiaGold is involved.
These startups are spread across many sectors.
Besides, digital pocket money platform for students Junio, audio dating platform FRN, eyewear brand Cleardekh, online club for senior citizens Genwise Club, footwear company Yoho, vending machine company Daalchini and cyber security startup Kratikal Tech. Included.
Even Flipkart is not far behind, big startups have given way.
According to the report, currently 24% of startups in the country belong to fintech. This is followed by e-commerce, media and entertainment and software startups. These companies have created around 2500 jobs in the country. This report shows that Paytm has created a conducive environment for startups. Apart from Paytm, Flipkart is also leading in providing startups to the country. Flipkart has given companies to the country with a market value of around $24.6 billion. These include PhonePe, Groww, Udaan, Spinny, Cult Fit, Slice, Navi, Curefoods, Credgenics and OK. Credit (OkCredit) included.
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