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Imagine starting your own company with the person you’ve been friends with since college. How cool would that be, right? Both of you will chart your own success on your own terms and most importantly, with a person you wouldn’t trade for the world. Plus, you also get to be your own boss. And, who wouldn’t want that, right? 
 
But, like they say- there’s two sides to a coin, which also means that as fun going into business with your friend is going to be, there’s also going to be a few obstacles. 
 
It all depends on how you handle the situation and if at all the decision of starting a company with your friend is really a good idea. 
 To help you decide, we talked to a few startup <keyword id="382595" type="UNKNOWN" weightage="100" keywordseo="co-founders">co-founders</keyword> who went from being friends to business partners. Here’s what they have to say- 
 
 
On how they became friends and why they became co-founders: 
 
“We were batch mates at<a href="http://www.businessinsider.in/searchresult.cms?query=IIT+DELHI&amp;sortorder=effectivedate"> IIT Delhi</a>. While Samir was pursuing B.Tech in Physics, Chinmay was an Electrical Engineering student there. The duo worked together in <keyword id="62549" type="UNKNOWN" weightage="20" keywordseo="Robotics">Robotics</keyword> club at IIT, and that is how they got introduced to each other and became friends. 
 Samir was always passionate towards entrepreneurship and wanted to start his own venture. Chinmay seemed to be a perfect partner and they launched together Click Labs in 2011 and eventually moved on to <keyword id="2885078" type="UNKNOWN" weightage="100" keywordseo="Jugnoo">Jugnoo</keyword> in 2014.” 
 
-Samir Singla and Chinmay Agarwal, co-founders of <a href="http://www.businessinsider.in/searchresult.cms?query=jugnoo&amp;sortorder=effectivedate">Jugnoo</a>. 
 “IIT Delhi is where we met and spent four amazing years. After graduation, Avinash was working with Zomato while Mayank was at Sclumberger. When the idea for Giveter struck him, Avinash was the first one I approached. It took some convincing but eventually Avinash saw potential in the idea and we started our journey as entrepreneurs. Soon after, we started <keyword id="2368386" type="UNKNOWN" weightage="100" keywordseo="Roposo">Roposo</keyword> and haven't looked back ever. Working together has definitely strengthened our friendship; we understand each other’s perspectives a lot better.” 
 
-Avinash Saxena and Mayank Bhangadia, co-founders of <a href="http://www.businessinsider.in/searchresult.cms?query=ROPOSO&amp;sortorder=effectivedate">Roposo</a>. 
 
 
On the advantage of being in business with your friend: 
 
 
 
“Working with a like-minded person, who is also your best friend is a very big advantage for business because it ensures a few things, by default. There is no communication gap, as the thought process is aligned to a great level and also the trust they both of you will enjoy due to your bond will be unparalleled.” 
 
-Sameer Khanna and Arun Bhati, co-founders of <a href="http://www.businessinsider.in/searchresult.cms?query=ORAHI&amp;sortorder=effectivedate">Orahi</a>, who’ve been working together for the past eight years. 
 
“The biggest advantage of starting a company with your friend would definitely be the fact that you know a person’s personality in and out. This leads to a much better understanding on the professional front too as you are already aware of each other’s strength and weaknesses. The communication becomes much easier and when you think along similar lines, you can collectively work towards your company’s overall growth. 
 
- Samir Singla and Chinmay Agarwal, co-founders of Jugnoo 
 
 
On the disadvantage of being in business with your friend: 
 
“Coming to the disadvantage, we are almost family, and while working with a family member you can't always be direct with a lot of things. If we disagree on something, we would rather discuss it amongst ourselves first and reach a consensus than putting it out in front of the whole team, so that takes a fair bit of time.” 
 
-Avinash Saxena and Mayank Bhagandia, co-founders of Roposo 
 
 
Advice to budding entrepreneurs who are looking to start a company with their friend: 
 
“Friendship should not be the sole criteria for starting a venture together. You can’t be good co-workers with all your friends. There is a lot of difference between hanging out together and working together under pressure. Thus, your qualities should be complementary to each other, so that both of you add value to make your business, a success.” 
 
- Samir Singla and Chinmay Agarwal, co-founders of Jugnoo 
 
“What we have learned through our experience is to have a clear vision of each persons role in the company with proper division of the core responsibilities. Don't jump into a startup just because you're friends, having an execution plan is more important. In the end, you always work better with a friend because you have that bond and common understanding, which is very important to lead a team.” 
 
-Avinash Saxena and Mayank Bhagandia, co-founders of Roposo.

What is it like to start a company with your best
friend, according to startup co-founders

<ul><li>On Monday, Gunjan Patidar, Zomato’s co-founder and chief technology officer tendered his resignation.</li><li><keyword id="7349800" type="General" weightage="20" keywordseo="bharatpe" source="Orion">BharatPe</keyword>’s CEO Suhail Sameer has quit the top job to become its strategic advisor.</li><li>There has been a lot of churn in new-age companies like Nykaa, and also big techs like Meta India, WhatsApp Pay, Amazon India and more.</li></ul>New age companies in India have been hit by a flurry of exits by top executives, leaving them scurrying for replacements. This comes at a time when startups have been battling funding winter and elevated inflation, in a rising interest rate regime. BharatPe, a fintech is amongst those with multiple high profile exits, including its co-founder and former managing director Ashneer Grover, along with his wife Madhuri Jain Grover – who not only had to leave the company, but were also sued by BharatPe in December 2022 for ₹88.6 crore. The company alleged that both husband and wife engaged in misappropriation of funds including creating fake bills, enlisting fictitious vendors and so on. Adding to BharatPe’s woes is the <a href="https://www.businessinsider.in/business/startups/news/bharatpe-ceo-suhail-sameer-to-step-down-five-months-after-taking-over/articleshow/96703750.cms">departure</a> of its CEO Suhail Sameer on January 3. Sameer took over as the company’s CEO in August 2021, a year after being appointed as the company’s president. He will now serve as a strategic advisor starting January 7, 2023. Before Sameer, BharatPe witnessed the departure of four other high level executives last November. This includes Nehul Malhotra, head of PostPe which is BharatPe’s ‘Buy Now Pay Later’ arm. The others were the CTO Vijay Aggarwal; Rajat Jain, the chief product officer; and Geetanshu Singla, VP of technology. They moved on to pursue their own entrepreneurial passions, the company had then said in a statement. Zomato rocked by multiple top level exits, too Sameer’s resignation comes hours after Gunjan Patidar, Zomato’s co-founder and chief technology officer, tendered his resignation. Patidar was one of the first few employees of Zomato who built the core tech systems of the company. “Over the last ten plus years, he (Patidar) also nurtured a stellar tech leadership team that is capable of taking on the mantle of leading the tech function going forward. His contribution to building Zomato has been invaluable,” said the company. Patidar’s exit is the third high-level exit at the food delivery giant in two months. In November last year, another one of Zomato’s co-founders Mohit Gupta tendered his resignation. Its head of new initiatives Rahul Ganjoo; and Siddharth Jhawar, vice-president of global growth also quit in the same month. The list goes on as in September 2022, Zomato’s deputy CFO Nitin Savara also tendered his resignation. The company has been bleeding money and it reported a consolidated loss of ₹251 crore in Q2 FY23. New age companies’ top heads move in and out of big tech companies There is a lot of churn among top executives of new-age tech companies as well as big techs. Online beauty retailer Nykaa’s CFO Arvind Agarwal, who had been with the company through its IPO, quit and joined fintech major PayU as its India CFO, this November. On the other hand, new-age companies have also been able to attract executives from major companies into their fold as well. Case in point is Sugar Cosmetics who brought in Amit Aggarwal, Marico’s head of finance of its India business, as its CFO. Adding to it, Amazon India’s director of grocery, food and health Sameer Khetarpal resigned and moved to Jubilant FoodWorks as CEO, a franchisee that runs Domino’s Pizza, Dunkin Donuts outlets in India. Meta India country head Ajit Mohan tendered his resignation in November 2022, to join rival Snap as the President of Asia Pacific. Following this, WhatsApp India’s head Abhijit Bose and Meta India’s public policy head Rajiv Aggarwal also resigned. The latter joined Samsung India. WhatsApp Pay’s director and head Manesh Mahatme also left his position in September to join Amazon India as director, product and engineering. Last but not the least, another shocking exit was of Parag Agarwal, former CEO of Twitter who was fired by Elon Musk in October, a year after he was appointed for the position. Soon after his ouster, Agrawal changed his LinkedIn bio to “Not the CEO you are looking for”. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/radiant-cash-management-shares-debut-at-a-10-premium-after-company-reduces-ipo-size/articleshow/96727374.cms">Radiant Cash Management shares debut at a 10% premium after company reduces IPO size</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/entertainment/news/shark-tank-indias-season-2s-sharks-meet-the-serial-investors-cas-and-iit-and-iim-alumni/articleshow/96714262.cms">Shark Tank India’s Season 2’s sharks: Meet the serial investors, CAs, and IIT and IIM alumni</a>

Zomato, BharatPe, Nykaa and more: the revolving door for top execs at new age companies

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What is it like to start a company with your best friend, according to startup co-founders

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Zomato, BharatPe, Nykaa and more: the revolving door for top execs at new age companies

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