On this businessline podcast, Anjana PV discusses with Parvathi Benu on the latest development of staff shifting out of Flipkart and creating their very own companies. The previous staff of Flipkart, often known as “flipsters,” have gone on to start out their very own profitable startups. The dialogue covers the historical past of the ‘Flipkart mafia’, its connection to Flipkart’s ESOP buyback workout routines, and the correlation between these buybacks and the founding of latest startups.
Parvathi mentions that 44 startups have been based by ex-Flipkart staff, with some reaching unicorn standing, together with PhonePe. The development just isn’t totally new, as the primary flipster startup was included in 2011. The ESOP buybacks from Flipkart contributed to many staff changing into millionaires and billionaires.
The Flipkart founders, notably Binny Bansal, have supported and invested in a number of of those startups. The podcast additionally explains the various sectors these startups function in, with a deal with e-commerce, fintech, well being and health.
Hear in now.
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