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Can I be a Founder or co-founder while working full-time?

depends on which company you are working and if there is no restriction from your company you can build your own

No company has such restrictions bro 😐

my team mates faces this problem ! he is a working professional due to non-compete clause or non-compete agreements one can't start his own or work for others.

Lol, ig even he is working in start-up. No well established corporate company restrict you from working on yourself / working on your company, and also why would wanna say or let everyone know that you are working on your Start-up just do it in steal