Startups with deep pockets are making a beeline for IITs
Stalwarts like Flipkart and Byju's, to freshly minted unicorns like CarDekho, Razorpay and NoBroker, as well as others like Indus Insights, are looking to increase campus hires from IITs by up to 2-5 times this year
Source | economictimes.indiatimes.com | Prachi Verma | Sreeradha Basu
Startups are making a beeline for Indian Institutes of Technology campuses this placement season.
Hungry for technology talent to expand, these players–some of them unicorns, or firms with a valuation of $1 billion or more–are all chasing fresh engineers in droves. 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.
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.
“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, told ET. Like last year, Flipkart is “engaging all the IITs, including newer IIT campuses at Bhubaneswar, Indore and Hyderabad,” he said.