Every second founder of India startup who is an alumnus of one of the four oldest Indian Institutes of Technology this year.

Twenty-six startups have entered the unicorn club with a valuation of $1 billion or more as of the end of August this year.

up to 30 out of 58 founders According to a study conducted by EMA Partners, among these are engineering graduates from IITs in Delhi, Bombay, Kharagpur or Kanpur. Including these 58, there are 153 unicorn founders India And 65 of them are from these four IITs, exclusively as per the findings shared with ET. 62 in India unicorns, which includes Swiggy, Byju’s, Ola and Paytm. All the IITs together have made their 78 founders.

“While IIT Unicorns have proven to be a wonderful seed for founders, some courses stand out more than others.

Mechanical, electrical and computer science account for 70% of the pool of unicorn founders.

A large portion of Unicorns are headquartered in Bengaluru, followed by Delhi-NCR and Mumbai.

It has taken an average of about seven years for these startups to achieve unicorn status. Ramachandran said the time taken to achieve unicorn status is likely to be short.

“Any deep technology start up A good and basic education is needed in the technical field and this is where a IIT Education stands out,” said IIT-Bombay director Subhasis Choudhary.

And it goes beyond classroom learning, said IIT-Delhi graduate Mayank Kumar, cofounder of Upgrade, an edtech company that recently joined the unicorn club.

He said, “The network and support system is definitely helpful. Watching other batch mates/seniors/juniors build bigger companies gives one the confidence to go out and aim at scale. The reach you get, The network and exposure you get is invaluable.”

The companies whose founders are engineers graduating from IITs this year include
browserstackhandjob
Bharatpehandjob
location, sharechat And
of business.

“Hard work, excellent alumni support and thriving ecosystem have enabled the students to grow and the investors to support them and transform their startups into unicorn companies,” said Choudhary from IIT Bombay.

The average age of unicorn founders at startup is 30 years old – the youngest is 19 years old and the eldest is 55 years old. According to the EMA study, most unicorns have one or two founders each.

Of the 153 founders, only 3% are women. These include Divya Gokulnath (Byju), Falguni Nair (Nayaka), Ruchi Kalra (Off Business), Sarita Katikaneni (Zenoty) and Ghazal Kalra (Rivigo).

Twenty one founders of unicorns have passed out from Indian Institute of Management (IIM) and 85 are post graduates.