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IIT Bombay bans start ups from recruiting in campus

 

IIT Bombay has blacklisted nine organizations from its upcoming placement season, the establishment said in an announcement today. The organizations banned from grounds for a year incorporate LeGarde Burnett Group; GPSK; Johnson Electric, China; Portea Medical; Peppertap; LexInnova; Mera Hunar; Cashcare Technologies and Indus Insights. Online pharmacy player Portea, which has reportedly raised $46.5 million in two rounds, has been blacklisted for one year for revoking an offer, the school said in an official statement. A company named LeGarde Burnett Group was also blacklisted for both revoking an offer and after it was found "fake" with no proper office address, it said. This is not the first time that an IIT is banning companies.

 

In May this year, Flipkart had almost the same issue with IITs after it deferred the joining date of recruits. The matter was settled after Flipkart came around and promised to take the recruits. Since choices on boycotting are taken by the All-IITs Placement Committee (AIPC), and normally stuck to by all IITs, it is likely that the boycotting remains constant at the other more seasoned IITs too. Infact, the consolidated rundown of blacklisted organizations at the IITs is liable to far surpass 9. Blacklisted startups alone are required to be more than 20. "These 9 are companies that had created issues at IIT Bombay," said Shreyash Gupta, placement manager at IIT Bombay.