IIM-B students have created 1.8 million jobs, funded 1,200 start-ups, says alumni association
IIM-B alumni have collectively created over 1.8 million jobs and funded more than 1,200 startups, managing assets estimated at $15-20 billion. Their ventures span various sectors including logistics, retail, education, and social impact, significantly contributing to India's economic growth and innovation.
Why it matters
This article highlights the substantial impact of higher education institutions and their alumni networks on national economic development, job creation, and the fostering of a vibrant startup ecosystem in India.
Former students of the Indian Institute of Management Bangalore (IIM-B) claimed to have evolved into one of India’s most influential ecosystems for entrepreneurship, investment, and social transformation, with its 30,000 members across India and overseas contributing significantly to economic growth, innovation, social change and employment generation.
According to data shared by IIMBAA (IIM Bangalore Alumni Association) with The Hindu , IIM-B alumni-founded enterprises and investment networks have collectively created well over 1.8 million direct and indirect jobs across sectors ranging from logistics and retail to education, agri-tech and venture capital.
Alumni-led startups such as BigBasket, Delhivery, Infra.Market, Licious, NestAway, and Urban Ladder have not only transformed consumer markets but have also generated employment at scale, particularly through logistics and gig-economy platforms.
IIMBAA President Harish Mittal said, beyond entrepreneurship, alumni have played a pivotal role in nurturing India’s startup ecosystem through venture capital and private equity.
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