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You are here: Home / Technology / Startup / IITs Blacklist startup and others over placement complaints from students
IITs Blacklist startup and others over placement complaints from students

IITs Blacklist startup and others over placement complaints from students

8/26/2016 By Blogger 1 Comment

Startups, mainly online or eCommerce, have been a buzz word for the last many years. Many of them got record investments like Flipkart, Snapdeal, Paytm and so on but the pertinent question is would they be able to break even ever. The weaknesses were already showing with many of them closing down as not able to sustain beyond discounts.

Recently in news have been 30 companies that includes 28 startups for not able to live up to the Campus Placement Commitments, which has made IIT placement committee to take stringent action against them by banning them for one year and shaming them by making the names public. As per the committee’s statement a strong message needs to go around as Future of the students is at stake, the measure has been applauded as this situation really called for extraordinary measure. Rightly, those students who took offers from these companies, surely would have given up on other second offers and now may not be able to locate another job instantly.

The following startups have been blacklisted over placement related complaints by IIT Placement Committee for reasons of delays to revoking of offers from students:

  1. GPSK – for revoking offers
  2. Johnson Electric – for revoking offers (www.johnsonelectric.com)
  3. Portea Medical – for revoking offers (www.portea.com)
  4. Peppertap – for revoking offers (www.peppertap.com)
    PepperTap had raise $50 million in capital from various investors, announced in April 2016 about it’s shutting down of operations due to lack of demand. Read about the PepperTap on YourStory.com. 
  5. Cashcare Technologies – for revoking offers (www.cashcare.in)
  6. LexInnova – delaying joining dates (www.lex-innova.com)
  7. IndusInsight – delaying joining dates (www.indusinsights.com)
  8. LeGarde Burnett Group – for revoking and also no proper address provided (www.legardeburnett.com)
  9. Mera Hunar – Recruited for different startup (www.merahunar.com)
  10. Zettata
  11. Nowfloats
  12. ConsultLane
  13. Zimply
  14. Babajobs
  15. Hopscotch
  16. SmartTrak Solar Systems
  17. Crayon Data India
  18. Glow Homes technologies
  19. Tescra Software (Rockon)
  20. Grofers
  21. Tenova India
  22. Verity Knowledge Solutions
  23. Excelence tech
  24. Stayzilla
  25. Roadrunner
  26. Fundamental Education
  27. Holamed
  28. Clicklabs
  29. Grabhouse
  30. Medd

11 more startup companies, whose names have not been made public, have been warned as well, that includes Flipkart as per Economic Times report !

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Filed Under: Startup

Reader Interactions

Comments

  1. Sanjay Mishra says

    12/19/2017 at 12:31 pm

    Great article! This really hit home with me
    Thank you so much.

    Reply

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