A few years ago, Indians parents would send their children to IITs in lure of securing their future with a monotonous yet highly paying job.
However, the tides seem to have changed with time. While highly paying jobs still continue to be an attraction for students, the alumni Of IITs have been proactively taking the entrepreneurial plunge. In the recent past, India has given birth to unicorn startups like Flipkart, Zomato, Ola etc to name a few.
According to the reports by sage, a UK-based accounting and payroll company, IITs rank fourth worldwide in terms of producing unicorn startups.
Unicorn startups are those which have a valuation of more than one-billion-dollars
Standford sits on the pedestal occupying the first positions with 51 Unicorn startups. Following Stanford, Harvard and university of California hold the second and third positions respectively
The recent crop of IIT alumni has achieved the feat of putting India on the global map in terms of producing unicorn startups
