What’s more so intriguing is that Flipkart has been a successful e-commerce startup ever since it was founded by Sachin Bansal and Binny Bansal in 2007. The company also caused the creation of many other startups all founded by its former employees.
Ex-employees now referred to as ‘Flipsters’ are the ones who’ve gone on to become successful entrepreneurs and helped create our many famous brands that have come to be necessities.
In total, there are more than 200 startups started by Flipsters, but here are 10 that are names which have also become household names.
Established by ex-employees of Flipkart, Udaan’s leadership—Amod Malviya, Sujeet Kumar, Vaibhav Gupta—perfectly fits its name, Udaan, which means to provide wings to millions of Indian entrepreneurs, supporting India’s entrepreneurs as the core of its economy.
It is one of the largest online shopping sites, matching retailers, traders, wholesalers, manufacturers, and other entities with the convenience of the internet.
With Udaan, businesses can:
- They buy and sell whatever they please, with the help of the company providing for payments, security, and the logistics.
- Progress and advance by traveling to new regions and tapping into different markets.
- It facilitates doing business by engaging with prospective buyers and sellers through a personalized real-time chat service. Thus, it’s not only easy, convenient, and time-saving, but it’s also efficient.
With an injection of more than $1.2 billion raised in total over 6 rounds of funding and support from 13 investors, Udaan has been deemed a rare breed.
2. Navi Technologies
The US-based Navi Technologies is an up-and-coming startup which engages with the enormous potential of the banking, financial services, and insurance sector, with an app that offers personal and home loans without paperwork, via just few clicks.
Since being founded by Sachin Bansal after Walmart bought Flipkart, Navi Technologies has secured $500+ million in funding from 14 investors over the course of two years. Investors are very confident in it.
It may be the elephant in the room, but I just have to mention this mobile payment app that has changed the digital payment space for Indians.
In this duel with Paytm, PhonePe quickly had their work cut out for them when the jingle ‘Paytm Karo became the national synonym for digital literacy.
Within a year of the company being founded, it was acquired by Flipkart. This demonstrates its reception as a one-stop solution for a variety of transactions, both personal and commercial. On top of having over 25 crore users leading with 40% share of all UPI transactions, the payments service has already raised a total of $1 billion from its parent company, Flipkart.
With the privilege of witnessing India’s progress, Burzin Engineer, Rahul Chari, and Sameer Nigam are responsible for a really good accomplishment.
Involvement in investing is in the future, and likewise, starting a company in this field in India is in the future too. Of a billion people, less than 1% participate in the share market. This internet company was established by Harsh Jain, Ishan Bansal, Lalit Keshre, and Neeraj Singh who realized the need of us investors to put our money in well-regarded stocks, funds, gold, and more without going anywhere, not just for the safety of our investment but for the convenience as well.
This app already has over 10 million users and, judging by their claims, the app is both simple and fun to use. If managing one’s savings and finances were to be simplified, this is a close as one might get!
Working out ignites the same level of interest among young people as money, fame, and love because each one fosters the other. One has to be in a good state of physical health to have a healthy mental attitude. And this truism as old as it is, holds true even with science. Regardless, the importance of good health cannot be overstated.
This has been thought of and Cure.fit offers multiple fitness programs tailored to each type of customer, such as dance lovers, Yoga enthusiasts, meditative types, or diet freaks. Programs can be accessed through their website or through one of their fitness centres. They have the whole package.
Millennials find they have no time or opportunities to stay up-to-date on multiple health resources and desperately need one to help them understand everything. Quite a new direction, right?
Consequently, Ankit Nagori and Mukesh Bansal were integral in shaping this shift, the number of potential investors involved in this business enterprise (32) is outstanding as well as the number of companies acquired (8). Overall, this business enterprise looks in tip-top shape and there is a strong likelihood that this business enterprise will maintain and continue on an upwards path.
With rental, riding, and return service, Vogo says everything. Whether you’re new to the city, you don’t want the headache of owning a car, or you’re only visiting for a few days and want to see the city without getting stuck in traffic, don’t worry because Vogo will rent you a bike the second you order it. Just know how to ride a bicycle and you’ll be fine.
Funding from 21 investors has yielded a grand total of $180 million for this dockless rental service created by Anand Ayyadurai, Balakrishnan Padmanabhan and Sanchit Mittal. Technology has clearly been the source of some excellent initial inspiration.
Khushnud Khan and Rishi Raj Rathore founded Arzooo in October 2018, a retail tech platform with a B2B business model.
Arzooo is the fastest-growing tech retail company, empowering the physical retail business to embrace digital ways. Arzooo boasts of being connected with 100+ stores, powering 5000+ stores with its business operating in 10+ cities.
Two founders of the platform – Khushnud Khan and Madhulika Rathore – both previously worked for Flipkart, which might make Arzooo a perfect example of the prototypical company formed by former Flipkart employees. Khan, an Associate Director of Retail, had spent three years at the firm, whereas Rathore worked in the Product Management department and had spent two years there.
Exotel is a phone platform for SMEs to let them continue with their regular activities without disturbance, founded in 2011 by Shivakumar Ganesan, Ishwar Sridharan, and Siddharth Ramesh.
The company was started by Shivakumar Ganesan, who then quit his previous company Roopit. Working on Roopit, Shivakumar discovered that he would need an automated call center solution to streamline their work processes. Finally, it evolved into its own company called Exotel.
One of the founders of Exotel, Shivakumar Ganesan is also the Vice President of Product Development at Flipkart.
Founded in 2007 by Mukesh Bansal and Ashutosh Lawania, Myntra is an online fashion store for women’s apparel and accessories. By 2011, it was one of India’s largest online retailers. According to founder Mukesh Bansal, Myntra has raised over $50 million in funding from Accel Partners and Tiger Global Management. In 2015, it had a turnover of Rs 1,650 crore.
In 2016 in Bangalore Deepak Malhotra, Rajan Bajaj Founded Slice credit cards for Consumers. These cards are designed for cash withdrawals, bill payments, and online/offline purchases. It enables people to avail of instant cash loans and make payments in instalments. It also provides an app-based virtual credit card for online transactions.