‘Paytm Mafia’: These Startups Are Founded By Ex-Paytm Employees

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Employee job satisfaction can be used to measure a company’s success. When employees are pleased and have opportunities to advance within the organisation, the company benefits automatically. Furthermore, a positive work atmosphere in an organisation attracts more potential entrepreneurs.

The company’s employees who go on to become future entrepreneurs form a’mafia.’ Don’t be surprised if a ‘Mafia’ isn’t recognised to as a criminal organisation in this country. It’s a very real term for ex-employees of a particular corporation who go on to build their own successful businesses.

The ‘PayPal Mafia’ is without a doubt the largest mafia in the corporate world. PayPal’s senior executives established Tesla, Inc., LinkedIn, SpaceX, YouTube, Uber, Airbnb, and Yelp.

Many ex-Paytm workers are now starting their own mafia. While the company is only a few months away from going public, there is a lot going on with the company and its employees. According to sources, approximately 30 senior executives have left the corporation to start their own business.

Here are a few of the businesses started by former Paytm employees.

1. SimSim

Amit Bagaria, Saurabh Vashishtha, and Kunal Suri founded SimSim in 2018. Both Bagaria and Vashishtha were previously top executives at Paytm, and Kunal Suri was the managing director of Foodpanda India.

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It is a social commerce firm based in India with over one million users.

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$16 million in total funding has been raised.

2. Park+

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Amit Lakhotia established Park+, a smart parking solutions company, in 2019. Anit previously worked at Paytm as the vice president of payments.

$11 million in total funding has been raised.

3. Pocket FM

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Rohan Nayak, Nishanth Srinivas, and Prateek Dixit founded Pocket FM in September 2018. Rohan Nayak is the only one of the three who used to work with Paytm.

$7 million in total funding has been raised.

4. indiagold

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Deepak Abbot and Nitin Misra, both former Paytm executives, co-founded ‘indiagold,’ a company that offers rapid gold loans and secure gold locker services around Delhi NCR.

Total Funding Raised: $2 Mn

5. Junio

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Junio was formed in 2020 by Shankar and Ankit Gera, a former Assistant Vice President and Head of Growth at Junio. Junio is a one-of-a-kind digital pocket money app for kids in their twenties and thirties.

$2 million in total funding has been raised.

6. Unnati

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Unnati was formed in 2019 as a fintech-powered agritech firm. Paytm ex-employees Amit Sinha and Ashok Prasad co-founded the firm.

INR 15.3 crores in total funding raised

7. Raise Financial

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Raise Financial, which is slated to launch soon, will be a money management platform for financially savvy customers with a broad asset portfolio. Pravin Jadhav, the former CEO of Paytm Money, founded the app.

Funding totals Unknown amount of money was raised

8. Hospals

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Hospals is a one-of-a-kind medical travel firm based in India that connects patients and doctors from all over the world with India’s leading hospitals and surgeons. Danish Ahmed, a former Paytm vice president, launched the company.

$1.5 million in total funding has been raised.

9. Kratikal Tech

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Pavan Kushwaha, Paratosh Bansal, and Dip Jung Thapa, all NIT Allahabad alumni, created Kratikal in 2013. Thapa works for Paytm as a Business Analyst.

$1 million in total funding has been raised.

10. Daalchini

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Daalchini Technologies, a food-tech firm, is co-founded and led by Prerna Kalra. Prerna was the former Product Head of Paytm Wallet.

INR 5 crores in total funding raised

11. ClearDekho

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Shivi Singh, the startup’s CEO, and Saurabh Dayal, a former Paytm employee, co-founded ClearDekho, a cheap Indian eyewear business.

INR 2 crores in total funding raised