IITs lead the global unicorn startups
With the aim to create their own identity with their own terms, the youth today is more inclined towards starting their own business.
Who are the best bets for startups?
According to a UK-based accounting and payroll company Sage, if you are looking to create a billion dollar business in India, any of the IITs would be one of your best bets.
The ‘Unicorn’ Companies
The Stanford, the famous California-based University has educated a whopping 51 individuals who then went on to found startups that became worth at least a billion dollars, according to Sage. These companies are often referred to as “unicorns” just to show how rare it is to accomplish such a height. There are a few more than 200 worldwide, and the list is ever growing.
The valuation of Unicorn startups goes over a billion-dollar.
The Success Factories
Below is a list of famous as well as lesser-known schools that have educated multiple successful startup founders, along with their numbers.
- Stanford University (US): 51
- Harvard University (US): 37
- University of California (US): 18
- Indian Institute of Technology (US): 12
- Massachusetts Institute of Technology (US): 9
- University of Pennsylvania (US): 9
- University of Oxford (England): 8
- Tel Aviv University (Israel): 7
- Cornell University (US): 6
- University of Southern California (US): 6
- University of Waterloo (Canada): 6
- INSEAD (France): 5
- WHU (Germany): 5
- University of Michigan (US): 5
- Brigham Young University (US):5
The Indian Unicorns and IITs
India itself is the home to 10 unicorn firms. Some of them are e-commerce giants Flipkart, Snapdeal and ShopClues, cab aggregator Ola, restaurant aggregator Zomato, classified ads platform Quickr, digital payments company Paytm (also an e-commerce site now), mobile adtech player InMobi, messaging app Hike and analytics company Mu Sigma. These Unicorn players have created a strong position for themselves in the elite club and almost all the founders have had stints at one of the IITs.
Within the various IITs, Delhi is known to produce the maximum unicorn founders. Sachin and Binny Bansal of the superhit e-commerce Flipkart, Sanjay Sethi of ShopClues, Zomato founders Deepinder Goyal and Pankaj Chaddah, Snapdeal’s Rohit Bansal along with Quikr‘s Pranay Chulet and Jiby Thomas (now founder of Webbutterjam Digital) are all from IIT Delhi.
Ola’s founders Bhavish Aggarwal and Ankit Bhati are from IIT Mumbai. Inmobi’s founders Naveen Tiwari, Abhay Singhal, Amit Gupta studied at IIT Kanpur, while the co-founder Mohit Saxena went to IIT Roorkee.
In terms of nation’s home to the most number of unicorns, US top the list with 144 unicorns followed by China with 47. India grabs the third spot with 10.http://www.khbuzz.com/2017/02/27/iits-lead-global-unicorn-startups/http://www.khbuzz.com/wp-content/uploads/2017/02/indian-startups-in-global-1-bn-club.jpghttp://www.khbuzz.com/wp-content/uploads/2017/02/indian-startups-in-global-1-bn-club-150x150.jpgNewsTechBhavish Aggarwal,Binny Bansal,Deepinder Goyal,E-Commerce,Flipkart,IIT Delhi,IIT Kanpur,IIT Mumbai,IITs,Jiby Thomas,Quickr,Sanjay Sethi,ShopClues,Snapdeal,unicorn firms,unicorn startups,Zomato