Startups

Startups and ecommerce companies up their hiring from Indian Institutes of Technology

Read more at economictimes.indiatimes.com

NEW DELHI | KOLKATA: In a year hit by the pandemic, startups and ecommerce companies are upping their hiring from Indian Institutes of Technology.

While some of these firms including Cohesity, Quantbox Research and MTX Group are offering top domestic and international packages, ranging from Rs 70 lakh to Rs 1.48 crore, first timers such as Adloid Technologies and Hilabs are adding to the overall hiring numbers. IITs are inviting more startups this year as they feel that overall hiring numbers per recruiter may get impacted, placement members at various IITs told ET.

Top ecommerce players Flipkart and Amazon are, meanwhile, visiting most IITs this season.

“Our hiring numbers from IITs will double from last year,” a Flipkart spokesperson told ET. The company intends to hire 180 engineers this year, of which 80 would be from IITs. Amazon is doing more campus recruitments this time than previous years, it had said recently.

Ed-tech, artificial intelligence, machine learning and healthcare startups are among the most aggressive this placement season, campus placement cells at IITs said. These companies include unicorns like Zomato, Vedantu, Udaan and Byju’s, some of which are making their debut at IITs.

The highest domestic salary at IIT-Roorkee, about Rs 80 lakh a year, was made by Quantbox Research, a placement member at the institute told ET. The number of startups registered to visit the campus has gone up to 60 from over 50 last year.

At IIT-Madras, as many as 71 startups are scheduled to visit for placements, compared with 51 last year. “We have invited a good number of companies including startups,” said CS Shankar Ram, adviser-training & placement.

IIT-Kanpur has invited 50 startups this year. The top recruiters there include Quantbox, Graviton, Zomato and Cohesity.

Cohesity has offered the top international offer, $200,000 a year, at some IITs, including Kanpur.

Adloid Technologies, Dream11, Qure.ai, Hilabs, i-cube Industries and observe.ai are among the first-timers at most IITs.

IIT-Guwahati is getting more startups in the edtech, healthcare and cloud computing space, said Abhishek Kumar, head of its Centre for Career Development. Those include Cure.fit, Harness, Rupeek, ThoughtSpot, HiLabs, Dgraph, Dream11 and Qure.ai.

“Salary ranges around Rs 20 lakh to Rs 30 lakh per annum,” said Kumar.

Ed-tech firms, including Byju’s and Vedantu are also visiting IITs.

“With the wide acceptance and growth in the Indian education technology sector, we aim to hire specialised talent from India’s finest engineering institutions like IITs and NITs,” Byju’s chief people officer Pravin Prakash said. Byju’s will be hiring from over 300 campuses in India.

Vedantu is hiring about 30 students from the technology institutes. “Due to the increased demand for online learning, we are ramping up our backend and technology,” chief executive Vamsi Krishna said.

B2B trade platform Udaan is visiting 30-plus campuses including IITs, to hire for software and product engineer roles.

MTX is going to IIT campuses at Delhi, Bombay, Madras, BHU, Kanpur, Roorkee, Kharagpur and Guwahati, from where it plans to hire about 50 students, chief people officer Ankita Sinha said.

Read more at economictimes.indiatimes.com

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