MUMBAI: Startups do not seem to be the flavour of this placement season. The Indian Institutes of Technology have seen a 50% fall in the number of startups that will be present for the campus recruitment drive . Missing conspicuously are e-commerce unicorns Flipkart, Paytm, OlaCabs and Snapdeal that haven't yet signed up to shop at any of the IITs.
While the response from startups has been tepid , overall it's a happy placement season for IITs with pre-placement offers up by 25-30% compared to last year.
Earlier this year, the IITs barred 31 firms , including Grofers, baby clothing website Hopscotch, Portea Medical and a host of other startups, from participating in their placement drives . They were blacklisted for a year for "playing with the careers of students" by making last-minute changes to their offers, revoking offer letters, falsely hiring them for affiliates and delaying joining dates.
IITs screening startups to check funding, stability
The All IIT Placement Committee, which decided to blacklist these companies, estimated that around 135 students from across IITs were affected by these companies' actions.
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It's interesting to see the shift in IIT placements, with fewer startups participating. The article highlights the reasons behind this, especially the blacklisting of companies due to their handling of offers. This makes students reconsider their choices. Speaking of creating something unique and standing out, have you guys tried turning your photos into cartoons? It's super fun and easy! Check out AI Cartoon Generator for cool profile pictures or social media posts.
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It's interesting to see the shift in IIT recruitment with fewer startups participating. The article highlights the concerns around stability and offer integrity. This situation emphasizes the importance of thorough background checks and understanding a company's culture before joining. Speaking of understanding characters, if anyone is into creating fictional characters, you might find the Character Headcanon Generator helpful for fleshing out their backstories!
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It's interesting to see the shift away from startups at IIT placements this year. The blacklisting of companies for unethical practices definitely seems justified, prioritizing student welfare is crucial. Speaking of character and relationships, if anyone is into creative writing or RPGs, you might find Relationship Headcanon Generator helpful for sparking ideas!
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