It seems like startups are not taking the flavour of Indian Institute of Technology this year. They have said not to conduct any recruitment drives to select students from IITs this year. As compared to previous year, IITs have seen a 50 percent fall in the startup companies visiting IIT campuses for placement drives. Flipkart, Ola, Snapdeal, Paytm are the top startups which have not shown any interest so far.
"We are screening the companies that want to recruit from our campus," said a placement team member of IIT-Kanpur. "Their funding, cash flow and the year of founding, essentially their stability, is what we are checking," he added.
From the Roorkee campus, 52 startups had recruited last year; this year, only 35 have registered. "There is a significant decrease in the number of start-ups that have registered for placement drives this year due to funds crunch and other market issues," said placement head N P Padhy.
"Until last year, most of the startups used to sign up early on. Also, the firms that were blacklisted made up about 30%-40% of the startups that used to visit all the IITs. So it was certain that the numbers would fall this year," said a placement dean.
It's not like all the startups are completely abolishing IITs for placements this year. We have got news of some other startups visiting campuses. Edgeverve Systems Ltd, Nutanix, Oxigen Wallet, Treebo Hotels, Ixigo, Smartprix, Seclore, Rivigo Labs, MyAlly, Kirusa, Epaathsala and Wittybrains are the popular names.
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