Move over MNCs , Startups are making a beeline for IITs
Startups with Deep pockets are making a beeline for Indian Institutes of Technology campuses this placement season. With record number of startup’s receiving Funding and Becoming Unicorn’s they are one a Hiring spree for the Top talents in the country.
With the rise of digital ecosystem these companies want to expand technology talent, these players, some of them unicorns, or firms with a valuation of $1 billion or more–are all chasing fresh engineers in Like Villains Chasing Hero in South Indian Movies.. They include stalwarts like Walmart-owned Flipkart and edtech firm Byju’s, to freshly minted unicorns like CarDekho, Razorpay and NoBroker, as well as others like Indus Insights, who are all looking to increase campus hires from IITs by up to 2-5 times this year.
“This year, our hiring numbers for roles in technology overall are 2X compared to last year, which includes the pool of engineering recruits from IITs,” Krishna Raghavan, chief people officer at Flipkart. Like last year, Flipkart is “engaging all the IITs, including newer IIT campuses at Bhubaneswar, Indore and Hyderabad,” he said.
Most of these startups are visiting more IITs this year and recruiting a larger number of engineers from campuses that they had visited last year. Amazon, Zeta, Udaan, Cohesity, Unacademy and UpGrad are the other prominent startups and unicorns coming to IITs to recruit tech talent this year.These fund-rich unicorns and startups are raring to grow and expand their reach.
Job profiles in demand include software development engineers, associate product manager/developers, data analysts, AI/ML engineers, front-end and back-end engineers, among others.