Startups across sectors are reporting interest from students in the Indian Institutes of Technology (IITs), suggesting that the year-long ban imposed by the IITs’ placement committee on startups at campus recruitment drives has not affected their plans to hire top talent.
In August, 30 companies, mostly startups, were blacklisted by the All IIT Placement Committee (AIPC) and barred from taking part in the campus placement process for reneging on job offers and delaying joining dates, among other changes.
While the final year students at these institutes could not be reached for comment, founders of startups that ET spoke with, including NowFloats, Babajobs, ConsultLane, Mera Hunar, CashCare and Portea Medical, Medd (now part of 1mg Technologies) and Runnr, claimed that startups have not fallen off the radar for IIT students. “It was unfair to ban us without issuing any warning.
The company is also looking at making lateral engineering hires, besides making fresh recruitment from the IITs. “We are looking at lateral hires too this year apart from getting talent from the engineering colleges,” said Sharma.
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Vir Kashyap, chief operating officer at Babajobs, said, “This year, we are looking at lateral hires as we have a few positions open that need experience too.” Healthcare startup Portea Medical, which has the backing of International Finance Corporation, Accel, Qualcomm Ventures and Ventureast, is planning to take in six engineers this year. The company is looking at hiring premium talent.