Some of India’s most talented young students are now being kept at arm’s length from the country’s startup scene after dozens saw job offers pulled with little or no notice.
India’s most elite universities have banded together to blacklist 30 startups from recruiting on campus after several students reported that job offers had been unfairly delayed or withdrawn. The move comes as India’s startup scene sputters due to a funding crunch that has forced young companies to scale back operations.
The Indian Institutes of Technology (IIT), India’s most prestigious universities, demand exceptionally high entrance exam results and have produced some of India’s pioneering scientists, engineers and entrepreneurs. A spokesperson from the All-IIT placement committee told Mashable that around 150 students had been affected by the startups’ indecision. Read more…
from Startups http://ift.tt/2cUFBav