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Startup offers at IIT Madras jump by 100%

Startup offers at IIT Madras jump by 100%

CHENNAI: As the demand for newer technologies and solutions scaled up post-pandemic, so has the demand for fresh talent. The hiring by startups at the IIT Madras campus has almost doubled in 2021 compared to 2019.

During phase I of placement season, 63 startups have offered 190 job offers which is the highest number of offers to come from startups in the premier campus in the city. In 2019, the institute received 97 offers from 53 startups.

IIT madras placement

Industry experts cite the availability of funds for startups during the pandemic as a major reason for the spike in number of offers this year. Startups offering solutions in engineering and technology, information technology, data analytics, fintech and artificial intelligence, management (research and development) have been hiring for roles such as data analyst, data scientist, software development engineer, product analyst and product designer.

C S Shankar Ram, advisor (training and placement) said, “IIT Madras students receive good exposure to the entrepreneurship and startup ecosystem through interactions with the Institute Entrepreneurship Cell, the IIT Madras Incubation Cell and the IIT Madras Research Park. Hence, they are able to make well-informed decisions in this regard.”

Vikash Upadhyay, who accepted an offer from a medical equipment manufacturing startup, said these jobs come with unique challenges and he is looking forward to them.

Noccarc, a startup that manufactures ventilators and other medical equipment, made three offers to IIT-M students and all three students accepted their offers.

“The healthcare sector has been booming post-pandemic. We are looking to expand the strength of our team from 130 to 270 by the end of 2022. We hired two mechanical engineering students and one business analyst from IIT Madras this year,” said Minal Rani, manager (talent acquisition), Noccarc that was launched by the alumni of IIT Kanpur.

S P Balamurugan , the co-founder of Ed-tech startup GUVI, said, “The startups which offer technology solutions have received more funding post-pandemic. The funding offered a lot of leverage in terms of scaling up the product and reaching out to more people.”

The firm has added 65 more personnel to its work strength. Balamurugan says the user base has also increased from 3 lakh people to 13 lakh people in the past one and half years.


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