These 10 Indian colleges have produced India’s most funded startup owners

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Sanchita DashJul 31, 2020, 11:27 IST
These 10 Indian colleges have produced India’s most funded startup owners

BI India/BCCL

  • Here are the top 10 colleges whose alumni in the startup world have secured the most funding in the first half of 2020, according to data intelligence firm Tracxn.
  • Six IITs have made it to the top 10 list.
  • However, it must be noted that in the first six months of 2020, startup funding has fallen by 29% to $4.2 billion this year.
In India, there’s a long list of IIT and IIM graduates turned entrepreneurs, so much so that investors have often been inclined to bet on startups whose founders come from the top colleges. From 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 on how much a college appreciates and pushes for entrepreneurship has also increased. Almost every other engineering and management college now has an entrepreneurship cell that helps students.

Here are the top 10 colleges whose alumni in the startup world have secured the most funding in the first half of 2020, according to data intelligence firm Tracxn. However, in the first six months of 2020, startup funding has fallen by 29% – from $5.9 billion in 2019 to $4.2 billion this year.



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Here’s the total funding raised by the top 10 colleges

Here’s the total funding raised by the top 10 colleges
BI India/Flourish

Students from these top 10 colleges have gone on to found over 4,900 startups

Students from these top 10 colleges have gone on to found over 4,900 startups
BI India/Flourish
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IIT Delhi

IIT Delhi
Wikimedia Commons

IIT Delhi is the alma mater of many Indian unicorn startup founders. The college also has an entrepreneurship development cell and also offers many short courses on entrepreneurship.

In the first half of 2020, startups founded by IIT Delhi alumni raised $480 million in funding. A similar trend can be seen in the first half of 2017 to 2019, where IIT Delhi alumni founded startups raised a total of $7483 million in funds.

Famous startup alumni: Sachin Bansal and Binny Bansal (Flipkart), Deepinder Goyal (Zomato)

IIM Ahmedabad

IIM Ahmedabad
Wikimedia Commons

Interestingly, in H1 of 2020, IIM Ahmedabad has risen the charts with $462 million raised by startups led by founders from the college. During the same period between 2017 to 2019, IIM Ahmedabad alumni founded startups had raised $2087 million.

Famous startup alumni: Deep Kalra (MakeMyTrip), Sanjeev Bikchandani (Naukri.com)

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IIT Kharagpur

IIT Kharagpur
Wikimedia Commons

IIT Kharagpur alumni founded startups have raised $329 million in the first half of 2020. According to Tracxn, as of July 2020, there are 635 companies, including three unicorns, founded by alumni of the college. The college was also once home for Google CEO Sundar Pichai.

Famous startup alumni: Rahul Jaimini (Swiggy), Ramakrishna Adukuri (Stellapps)

IIM Calcutta

IIM Calcutta
Wikipedia

Startup founders from IIM Calcutta raised $328 million in the first six months of 2020. Tracxn data shows that 383 companies, including 6 unicorns, were founded by the college’s alumni.

Famous startup alumni: Pranay Chulet (Quikr), Sumant Singa (ReNew Power), Sriharsha Majety (Swiggy), Sam Santhosh and Mahesh Pratapneni (MedGenome)

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IIT Bombay

IIT Bombay
IIT B website

While IIT Bombay might rank 5th in the list with startup founders from the college having raised $310 million in the first six months of 2020, the college has been a hotbed for entrepreneurship. The 759 companies founded by alumni of IIT Bombay, have raised a total of over $9.87 billion in funding from 977 investors.

Famous startup alumni: Bhavish Aggarwal (Ola)

IIM Bangalore

IIM Bangalore
Wikimedia Commons

In the first 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.

Famous startup alumni: Sahil Barua (Delhivery)

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IIT Kanpur

IIT Kanpur
Wikimedia Commons

IIT Kanpur alumni founded startups have raised $286 million in H1 2020. IIT Kanpur alumni has founded 545 companies, including four unicorns.

Famous startup alumni: Mukesh Bansal (Curefit, Myntra)

IIT Madras

IIT Madras
BCCL

In H1 2020, the alumni founded startups of IIT Madras raised $245 million. Over 506 companies have been founded by alumni of IIT Madras.

Famous startup alumni: Anand Rajaraman and Venky Harinarayan (Junglee)

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BITS Pilani

BITS Pilani
BITS Pilani website

The only non IIT and IIM college in the list, BITS Pilani alumni founded startups have raised $206 million in the first six months of 2020.

Famous startup alumni: Richa Kar (Zivame), Sriharsha Majety (Swiggy)

IIT Roorkee

IIT Roorkee
Wikimedia Commons

IIT Roorkee alumni founded startups raised $185 million in H1 2020. The oldest engineering college in India, has seen students go on to found 347 companies.

Famous startup alumni: Harshil Mathur and Shashank Kumar (Razorpay)

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