Startups may rescue campus hiring this year
Subscribe to enjoy similar stories. Bengaluru/Mumbai: Startup and e-commerce companies may rescue the hiring season for the batches of 2025 at India’s top engineering and business schools by ramping up campus placement targets when the jobs market is still tepid. “For the upcoming placement season, we have set an ambitious target of hiring over 230 recruits across multiple roles—a 55% increase from last year," said Manmeet Sandhu, head of human resources, for fintech platform PhonePe.
To achieve this, Sandhu said, “we are significantly expanding our presence" at Indian Institutes of Techonogy (IITs), Indian Institutes of Management (IIMs) and Indian School of Business (ISB), aiming to boost the share of recruitment from these campuses from 15% to 25% this year. For startups, this marks a U-turn from the last two years when the industry contracted out its hiring to cut costs. Higher intake comes as several startups look to float initial public offers and ramp up operations, increasing the need for young professionals in data analytics, sales, finance, project partnership and implementation teams.
That contrasts with the overall sentiment as colleges expect the placement season to be slow, like the previous year, amid two wars and a retreat from the pandemic-driven frenzy. About 2,000 students are expected to be placed in the upcoming year at a leading Bengaluru-based engineering college. “Of the 90 companies that have registered for placements over the last two months, about 36 are startups," said a placement executive at the college.
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