The Representative

India's Youth News Tank

All hail the Flipkart Mafia!

3 min read

Udaan, Cure.fit, PhonePe.
Do you know what these companies have in common? They were started by former Flipkart executives, popularly known as ‘Flipsters’!

Flipkart started in 2005 by two friends, Sachin Bansal & Binny Bansal (no they are not brothers) is India’s most famous and beloved Startup.

Interestingly, Flipkart was started by two Ex-Amazon employees! Flipkart was the inspiration behind many young college students, firing their Entrepreneurial Zeal.

Now, Ex-Flipsters have turned Entrepreneurs and are ruling the Startup ecosystem.

There are over 200 startups founded by ex-employees of Flipkart! Additionally, there are over 40 startups which are backed by Flipsters who are on their board or have invested in them.

Flipkart is a beacon of inspiration for an entire generation of Entrepreneurs.

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Let’s have a look at some of the startups founded by Ex-Flipsters :

1) Navi Technologies

• Navi Technologies builds consumer-centric & technology driven businesses in the BFSI (Banking, Financial Services & Insurance) sector.

• Founder : Sachin Bansal (Co-Founder at Flipkart)
• Valuation : ~₹1,636 Crore.

2) xto10x Technologies

• They partner with starups to help them scale higher & function efficiently.

• Founder : Binny Bansal (Co-Founder at Flipkart)
• Valuation : NA

3) PhonePe

• PhonePe is a digital payments & digital wallets company.

• Founder : Sameer Nigam (Sr. VP at Flipkart)
• Valuation : $7 Billion (Approx)

4) Udaan

• Udaan is B2B E-Commerce platform especially meant for MSMEs.

Founders : Sujeet Kumar (Head of Operations at Flipkart) & Amod Malviya (CTO, Flipkart)
Valuation : $7.5 Billion.

5) Cure.fit

Curefit is a wellness & fitness startup offering offline and online Fitness experiences.

Founders : Mukesh Bansal (Co-Founder at Myntra) & Ankit Nagori (CBO at Flipkart)
Valuation : $800 Million.

6) Suki

Suki is an AI-powered, voice-enabled digital assistant for doctors.

Founder : Punit Soni (Chief Product Officer at Flipkart)
Valuation : >$500 Million.

7) Runnr

Runnr is a B2B platform which provides logistics solutions.

Founder : Arpit Dave (Sr. Business Analyst at Flipkart)
Current Situation : Acquired by Zomato.

8) Exotel

Exotel is a cloud communication company helping mainly Startups & MSMEs.

Founder : Shivakumar Ganesan (VP at Flipkart)
Valuation : NA

9) Playment

Playment is a complete Data labeling platform which helps machine learning engineers build datasets for training.

Founders : Siddharth Mall & Ajinkya Malasane (Sr. Business Analysts)

Y Combinator Mentee.

10) Grabonrent

Grabonrent lets you rent online good quality furniture, appliances and many other accessories.

Founder : Manish S Sugandhi (Sr. Business Analyst at Flipkart)
Valuation : NA

These are just 10 of the 200 startups started by Ex-Flipsters! Forget the PayPal Mafia, Flipkart Mafia is here to rule the ecosystem!

They have raised over $1.3 Billion alone. According to a report by Inc42, 47% of the startups operate in the consumer internet space.

So why do Flipsters have a higher tendency to start their own startups & succeed?

Nithin Seth, Ex-COO of Flipkart : “When we look into the profile of a candidate – we look for people who have a very high drive for action, execution, and high customer orientation. We look for a thing that we can call ‘audacity’ – they think they are very entrepreneurial and they are very good problem-solvers.”

Also the companies culture matters a lot. Flipkart is known to have a very open culture with every employee encouraged to present their ideas, thus instilling Entrepreneurial spirit.

‘If these two boys can start a Billion Dollars Company why can’t I?’ : Every college student dreaming to be an entrepreneur.

It all starts with a dream.

5 years ago nobody had thought an Indian Company would be acquired by a US Giant for a whopping $18 Billion, let alone having over 200 excellent companies started by ex-employees of an company!

Keep Dreaming, Keep soaring high!

An Article by – Dehit

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