Founders Of 28 Indian New-Age Startups Took House Rs 284 Crore As Wage In FY24
New Delhi: A complete of 51 founders of 28 Indian new-age startup firms within the nation took house Rs 283.5 crore as an annual wage in FY24. In keeping with the Inc42 record, “The typical wage of startup founders in India declined via 26.9 according to cent on year-on-year (YoY) foundation to Rs 5.55 crore in FY 24 from Rs 7.6 crore in FY23.”
Those new-age startups are from throughout all sectors. Amongst a majority of these startups, Supam Maheshwari, founding father of e-commerce startup FirstCry, took house the very best wage of Rs 103.8 crore in FY24. On the other hand, that is about 50 according to cent lower than the wage of Rs 200.7 crore taken in FY23.
FirstCry’s working source of revenue in FY24 was once Rs 6,480 crore and the corporate suffered a lack of Rs 321.5 crore right through this era. Zerodha founders Nikhil and Nithin Kamath have been 2d in this checklist in FY24. Every of the 2 brothers took an annual wage of Rs 33.8 crore within the closing monetary yr. In FY23, every took a wage of Rs 48 crore.
Zerodha’s working source of revenue in FY24 was once Rs 9,372.1 crore and the corporate made a benefit of Rs 5,496.3 crore right through this era. Capillary Applied sciences founder Aneesh Reddy was once 3rd in this checklist. He took a wage of Rs 13.3 crore in FY24. That is 1,480 according to cent greater than the wage of Rs 84 lakh in FY23.
Resort instrument corporate RateGain founder Bhanu Chopra gained a wage of Rs 5.8 crore in FY24 from Rs 6.1 crore in FY23. RateGain’s working source of revenue grew 69 according to cent to Rs 957 crore in FY24 and the corporate posted a benefit of Rs 146.3 crore right through this era.
Paytm, MD and CEO Vijay Shekhar Sharma have been 5th at the checklist. He took an annual wage of Rs 4.4 crore in FY24, up 10 according to cent from the yearly wage of Rs 4 crore taken in FY23. Mamaearth CEO Varun Alagh’s annual wage in FY24 was once Rs 3.97 crore, up 166.9 according to cent from the yearly wage of Rs 1.49 crore in FY23.
On the identical time, his spouse and co-founder of the startup gained a wage of Rs 1.79 crore in FY24, which is 80.8 according to cent greater than Rs 99 lakh in FY23. Mamaearth’s working source of revenue in FY24 was once Rs 1,919.9 crore and the corporate made a benefit of Rs 110.5 crore right through this era.
