Indian startups step in to rescue IIT grads

Home-grown start-ups are coming to rescue students from IITs and other leading engineering institutes affected by job withdrawals due to the Covid-19 lockdown and its economic impact.

Since the lockdown began late March, there have been reports of established players, including foreign players, withdrawing job offers to high school students such as Indian Technology Institutes (IITs) and Indian Management Institutes (IIMs).But information from many Indian institutes, students and start-ups suggests that the vacuum is being filled by new firms.

Although startups are now a constant in seasons of campus selection, the removal of job offers is said to help them attract talent which would otherwise have been picked up by bigger players. Meanwhile, startups are offering a fresh opportunity for students in a work market that is currently increasingly beset by uncertainty. Insiders say the pay on offer is good too, with some startups offering freshers up to Rs 12 lakh-Rs 20 lakh per year.


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