In India, there’s an extended list of IIT and IIM graduates turned entrepreneurs, such a lot in order that investors have often been inclined to back startups whose founders come from the highest colleges. Sachin Bansal and Binny Bansal of Flipkart to Deepinder Goyal of Zomato and Sriharsha Majety of Swiggy, most of India’s unicorn founders too come from these colleges.
But with stories of startup founders having built their initial ideas in their college dorms, the importance of what proportion a university appreciates and pushes for entrepreneurship has also increased. Every other engineering and management college now has an entrepreneurship cell that helps students.
Here are the highest 10 colleges whose alumni within the startup world have secured the foremost funding within the half of 2020, consistent with data intelligence firm Tracxn. However, within the first six months of 2020, startup funding has fallen by 29% – from $5.9 billion in 2019 to $4.2 billion this year.
Here’s the entire funding raised by the highest 10 colleges
Students from these top 10 colleges have gone on to found over 4900 startups
1. IIT Delhi
IIT Delhi is that the school of the many Indian unicorn startup founders. the school also has an entrepreneurship development cell and also offers many short courses on entrepreneurship.
In the half of 2020, startups founded by IIT Delhi alumni raised $480 million in funding. an identical trend is often seen within the half of 2017 to 2019, where IIT Delhi alumni founded startups raised a complete of $7483 million in funds.
2. IIM Ahmedabad
Interestingly, in H1 of 2020, IIM Ahmedabad has risen the charts with $462 million raised by startups led by founders from the school. During an equivalent period between 2017 to 2019, IIM Ahmedabad alumni founded startups had raised $2087 million.
3. IIT Kharagpur
IIT Kharagpur alumni founded startups have raised $329 million within the half of 2020. consistent with Tracxn, as of July 2020, there are 635 companies, including three unicorns, founded by alumni of the school. the school was also once home for Google CEO Sundar Pichai.
4. IIM Calcutta
Startup founders from IIM Calcutta raised $328 million within the first six months of 2020. Tracxn data shows that 383 companies, including 6 unicorns, were founded by the college’s alumni.
5. IIT Bombay
While IIT Bombay might rank 5th within the list with startup founders from the school has raised $310 million within the first six months of 2020, the school has been a hotbed for entrepreneurship. The 759 companies founded by alumni of IIT Bombay have raised a complete of over $9.87 billion in funding from 977 investors.
6. IIM Bangalore
In the half of 2020, startups founded by IIM Bangalore alumni have raised $302 million. The college’s students have gone on to found 359 companies, including two unicorns.
7. IIT Kanpur
IIT Kanpur alumni founded startups have raised $286 million in H1 2020. IIT Kanpur alumni have founded 545 companies, including four unicorns.
8. IIT Madras
In H1 2020, the alumni funded startups of IIT Madras raised $245 million. Over 506 companies are founded by alumni of IIT Madras.
Famous startup alumni: Anand Rajaraman and Venky Harinarayan (Junglee)
9. BITS Pilani
The only non-IIT and IIM college within the list, BITS Pilani alumni founded startups have raised $206 million within the first six months of 2020.
10. IIT Roorkee
IIT Roorkee alumni founded startups raised $185 million in H1 2020. The oldest engineering college in India has seen students continue to found 347 companies.
