These top executives quit Flipkart, Snapdeal, Ola with only one aim in mind

These top executives quit Flipkart, Snapdeal, Ola with only one aim in mindSeveral top executives of Indian startups are calling it quits to launch their own companies and the focus of the many of them is one-making profit in short time.

Over 15 top executives resigned from Flipkart, Snapdeal, Ola, Zomato and Paytm within almost one year and launched their own startups and their success story is quite impressive too.

Many of them either grew by leaps or bounds or sold off their businesses, raking in money.

Experts say the top line now wants to make more moolah and thereby are building more cash making models.

Bhuvan Gupta, who was with Snapdeal as VP engineering, cofounded an online marketplace-OfBusiness.

Now, his startup has over 100 employees and is doing business across 10 states currently.


"People may call ecommerce 'a cash burn business', but we're already cash positive. I always wanted to do a startup and there's always an age and time when you can take such risk," Gupta told ET.

Meanwhile, the risk taking appetite has also gone up owing to greater aspirations of individuals, ideological differences with the unicorns, more money-oriented approach and a well-connected network.

Even Mukesh Bansal and Ankit Nagori of Flipkart had left the e-commerce player to launch a healthcare and fitness startup with $5 million of their own cash.

Ola’s former heads Rushil Goel and Sunit Singh quit coming up with their own design startup.

"I wanted to start a business that is economically viable and has a social objective. Priced at around Rs 10,000 apiece, the product is being lapped up by schools, hotels and hospitals. The market is very big. Around 13 Indian cities feature in the list of most polluted places in the world. There are states (in India) with just one air quality monitor," Namita Gupta, who left Zomato to launch Airveda, told ET.

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