<ul><li>Indian Institute of Management (IIM) Ahmedabad, <keyword id="8754640" type="COMPANY" weightage="20" keywordseo="xaviers-school-of-management">Xaviers School of Management</keyword> (XLRI) and <keyword id="481185" type="COMPANY" weightage="20" keywordseo="Management-Development-Institute">Management Development Institute</keyword> (MDI) — say they have attracted the most promising job packages from consulting firms. </li><li>Consulting majors McKinsey &amp; Company, <keyword id="136162" type="COMPANY" weightage="20" keywordseo="Boston-Consulting-Group">Boston Consulting Group</keyword> (BCG) rolled out 50 offers at <keyword id="19483" type="COMPANY" weightage="20" keywordseo="IIM-ahmedabad">IIM Ahmedabad</keyword>. </li><li>XLRI also attracted the highest number of offers from the consulting domain (26%). Global multinationals KPMG and PwC topped the charts. </li><li>More than half (57%) of the offers at MDI came from companies in the consulting, BFSI, technology and telecom sectors and the average compensation too increased by 9.5% at ₹ 2.2 million.</li></ul>India’s top business schools — Indian Institute of Management (IIM) Ahmedabad, Xaviers School of Management (XLRI) and Management Development Institute (MDI) — say they their students received the most promising job offers from consulting firms. Consulting majors McKinsey &amp; Company, <keyword id="169297" type="COMPANY" weightage="20" keywordseo="Boston-Consulting">Boston Consulting</keyword> Group (BCG) rolled out as many as <a href="https://economictimes.indiatimes.com/jobs/iima-concludes-cluster-1-placement-mckinsey-bcg-top-recruiters/articleshow/74024154.cms">50 offers at IIM Ahmedabad</a>. This includes the pre-placement offers as well. Other recruiters included Accenture Strategy, Bain &amp; Co., Credit Suisse, Goldman Sachs and Deloitte. This is as per the Cluster1 placements at the IIM-A campus — which was concluded in four cohorts — investment banking and markets, management consulting, advisory consulting and private equity, venture capital and asset management. “Consulting firms continued to hire in large numbers in the first cluster, offering management consulting roles across geographies including Malaysia and Middle East,” the institute said. It’s not just the IIMs This has become a common trend across B-schools. XLRI also attracted the highest number of offers from the consulting domain at 26%, this year. Global multinationals KPMG and PwC were the top most recruiters, rolling out the highest number of offers. This simply mirrored last year’s trend wherein Boston Consulting Group was the leading recruiter. On the other hand, more than half (57%) of the offers at MDI came from companies in the consulting, BFSI, technology and telecom sectors. The average compensation at the institute too increased by 9.5% at ₹ 2.2 million. This includes 63 offers from PwC, Deloitte, ICICI Bank, IDFC Bank and Airtel. Last year too, IIM Bangalore reportedly scored over 30% placements in the consulting sector — including overseas job offers. Investment banking follows Banking, Insurance and Financial Services(BFSI ) is the second biggest chunk of recruiters. At IIM-A, Avendus and JP Morgan Chase &amp; Co offered 18 job letters. At XLRI too BFSI which recruited 17%, also turned out to be the highest paymaster. It offered domestic salaries as high as ₹5 million. “The increase in BFSI hiring can be attributed to a higher number of candidates opting for the finance specialization and a vibrant appreciation for finance in the form of finance associations and an in-house XLRI Student Investment fund,” XLRI said. Overall, this placement season has been a fruitful one so far. Several management institutions — including IIM Lucknow, IIM Kozhikode, MDI, XLRI — clocked in 100% placements in the first week. See also: <a href="https://www.businessinsider.in/careers/news/xlri-students-bag-domestic-and-international-job-offers-with-salaries-over-50-lakhs/articleshow/73974506.cms">XLRI students bag domestic and international job offers with salaries over ₹50 lakh</a> <a href="https://www.businessinsider.in/careers/news/iim-lucknow-iim-kozhikode-mdi-gurgaon-secure-100-placements-offering-2-5-million-as-the-starting-pay/articleshow/73722200.cms">Indian B-schools are beating the slowdown with average salary offers at ₹2.5 million</a> <a href="https://www.businessinsider.in/careers/news/amazon-becomes-the-top-recruiter-at-mdi-gurgaon-with-a-40-5-lakh-offer/articleshow/73545137.cms">Amazon becomes the top recruiter at MDI Gurgaon with a ₹40.5 lakh offer</a>

India’s best minds from IIM Ahmedabad, XLRI are heading to consulting firms

The Delhi chapter of <keyword id="139680" type="COMPANY" weightage="20" keywordseo="The-Indus-Entrepreneurs">The Indus Entrepreneurs</keyword> (TiE) will host on Thursday the 8th iteration of the <keyword id="4390638" type="PERSON" weightage="20" keywordseo="India-Internet-Day">India Internet Day</keyword>, one of the largest conferences for Internet entrepreneurs in the country. India Internet Day 2019 targets entrepreneurs which attracts start-ups, unicorns, industry leaders, investors, mentors, policy-makers, and many more key domain experts from across the country every year India is presently home to over 500 million internet users and 21 unicorns. With the aim of raising a hundred start-ups and enterprises to become billion-dollar companies on the back of their internet-centric innovations, TiE Delhi-NCR is hosting the 8th iteration of India Internet Day. The vision of #iDay2019 is encapsulated in the headline of the event’s main theme: “India Internet Unboxed: Getting ready for a 100 Unicorns”. Enabling the next generation of leaders At iDay 2019, leaders of the internet and entrepreneurial community will deliver content for the benefit of young entrepreneurs, enabling the next generation of leaders to gain a deeper insight into the opportunities and evolving trends in the industry, Tie said in a statement. Building on the theme of ‘unboxing’, iDay2019 plans to have focused and thought-provoking discussions during the session line-up on topics including: Unboxing Indian Tech Going Global, Unboxing Funding, Unboxing Talent, Entrepreneurial Milestones: Unboxing Pivots &amp; Pirouettes to Exits, Unboxing 2nd Innings, Unboxing Valuations. It will also have a special focus on the Chinese startup ecosystem, key speakers will speak on Unboxing China, its Landscape &amp; Overview, Chinese VCs in India - A perspective and Cross Border Learnings. Additionally, entrepreneurs will be provided with a platform to showcase internet-centric innovations and get constructive feedback on their ventures. All about networking The conference is one of the most anticipated entrepreneurial conferences across the world as it gathers entrepreneurs and vision-holders in the midst of key investors, industry leaders, and policy-makers under the same roof. It will have sessions that will chaired by prominent industry leaders including Vani Kola, MD, Kalaari Capital, and Rajesh Sawhney, CEO &amp; Co Founder of Innerchef, the conference will open with a keynote address by Vijay Shekhar Sharma, Founder &amp; CEO of PayTM. The opening address will be followed by conversations with industry experts including Anant Maheshwari, President - Microsoft India and Rajan Anandan, Vice President, Google &amp; President, TiE Delhi-NCR. Other ace speakers include Lathika Pai, Country Head - Microsoft for <keyword id="6362513" type="UNKNOWN" weightage="20" keywordseo="startups">Startups</keyword> MENA and SAARC , Gaurav Deepak, Co-founder &amp; MD - Avendus Capital, Anand Lunia, General Partner – India Quotient, Helen Wong, Partner at Qiming Venture, Yun Lou, Founder &amp; CEO of Clubfactory, Hans Tung - Partner, GGVC Kunal Shah, Founder &amp; CEO – Cred, Amrish Rau, Ex CEO – CitrusPay, Aprameya Radhakrishna, Founder &amp; CEO of Vokal, Raul Rai, Co-Founder of Nicobar.com, and Mukund Kulashekaran from Urban Clap. Power Breakfast with the iDay Committee The event will kick off with a breakfast with industry leaders and the best in the startup ecosystem. The committee members who will be a part of this event include Rajan Anandan, Vice President, Google &amp; President, TiE Delhi-NCR; Alok Mittal, Co-Founder, Indifi Technologies; Amarjit Singh Batra, Managing Director, Spotify India; Arvind Jha, Multipreneur, Movico Technologies; Miten Sampat, VP, Times Internet; Deep Kalra, Founder &amp; Group CEO, MakeMyTrip; Gautam Gandhi, Angel Investor; Prasanto K Roy, Policy Consultant ; Karan Mohla, Partner &amp; Executive Director of Chiratae Ventures; Ravi Gururaj, Founder &amp; CEO, Qikpod; Dev Khare, Partner, Lightspeed India Partners. B2B Founders' Lunch Ace B2B founders who will be part of this session include Shridhar Gupta, Co-Founder - Loconav; Pranav Tyagi, Founder - Eigen; Ajay Chauhan, Co- Founder -SalezShark; Sachin Bhatia, Co-Founder &amp; Ex VP - Drishtisoft solutions; Rahul Bhalla, CEO &amp; Co Founder -Zeanatix will be part of the lunch tables Fintech Lunch Leading Fintech founders who will be part of the lunch include Ajay Vikram Singh, Consumer Business Head- Clix Capital ; Jonathan Bill, CEO &amp; Co- Founder – Creditmate; Kshitij Puri, CEO &amp; Co- Founder - Ziploan ;Sandeep Srinivas, Co-Founder &amp; CMO - Redcarpet Tech ; Kapil Mehta, Co - Founder – SecureNow; Alok Bansal, Co-Founder &amp; CFO – PolicyBazaar ; Mukesh P Kalra, Founder &amp; CEO – ETMoney #iDay Launchpad A platform at India Internet Day where tech businesses have a chance to demo/launch their new products/services in front of a large relevant audience of VCs, entrepreneurs etc. The start-ups will be selected by an influential jury panel #iDay Workshop A stellar workshop on product management professionals with Anshumani Ruddra, VP of Product (Social &amp; Gaming) – Hotstar will equip participants with new strategies &amp; principles to ace their field Gala Evening Network, interact, explore synergies over dinner and jive the evening away with a rocking band performance! The conference will take place from 8:00 am to 6:00 pm on 25th April, 2019, at Leela Ambience, Gurugram. Register here now! <a href="https://www.iday.in/">https://www.iday.in/</a> Note: Business Insider India is a media partner at the event.

Here’s all that you need to know about the upcoming India Internet Day 2019

A statement by the Indian Institute of Management-Lucknow said that the reputed institute has achieved 100% final placement for its 30th batch of 446 students in just over three days. 
 
Sales and marketing (25%), Finance (22%), Consulting (21%) And Business Development were the top four segments in the recruitment drive, based on roles offered by the companies. 
 
Over 160 domestic and international recruiters attended the drive, said the release, with the highlight being esteemed firms like Alvarez &amp; Marsal, BlackRock, Advisors, MasterCard and o3 Capital. This has marked the rise of IIM-Lucknow as a preferred recruitment destination for the roles of marketing, finance and consulting. 
 
Companies like Accenture, Aditya Birla Group, Amazon, Avendus, Flipkart, Hindustan Unilever, P&amp;G, TAS and The Boston Consulting Group were amongst the top recruiters, as per the release. 
 
Companies recruiting for the first time were Avalon Consulting, BMW Group, Kotak Investments and Tata Sky, while there were also some international profiles that were offered by Equirus Capital and Olam International. 
 
<a href="http://www.crackmymba.com/wp-content/uploads/2015/06/iim-lucknow.jpg">Image source</a>

It took IIM-Lucknow only three days to achieve 100% placement

The <a href="http://www.businessinsider.in/searchresult.cms?query=merger%26acquisition&amp;sortorder=effectivedate">mergers and acquisitions</a> in startups are going to shoot up in this financial year owing to funding crunch. 
 
Many <a href="http://www.businessinsider.in/searchresult.cms?query=startups&amp;sortorder=effectivedate">startups</a>, especially <a href="http://www.businessinsider.in/searchresult.cms?query=tech+startups&amp;sortorder=effectivedate">tech-based firms</a>, are going to merge with the sharks in the industry and the number is going to break all past records. 
 As per data tracker Venture Intelligence, the mergers and acquisitions in <keyword id="675306" type="UNKNOWN" weightage="20" keywordseo="Tech-startups">tech startups</keyword> more than doubled to 146 transactions in the fiscal year ended March 31from 69 in 2014-15. 
 The <keyword id="407698" type="UNKNOWN" weightage="20" keywordseo="Merger-and-Acquisitions">merger and acquisitions</keyword> are also going to rise as Indian startup giants such <a href="http://www.businessinsider.in/searchresult.cms?query=flipkart&amp;sortorder=effectivedate">Flipkart</a> and <a href="http://www.businessinsider.in/searchresult.cms?query=snapdeal&amp;sortorder=effectivedate">Snapdeal</a> are seeking to make strategic purchases. 
"We definitely expect to see more consolidation this year driven by a few factors-acquisitions that are complementary and synergistic; consolidation to take out competition; consolidation of cap tables; and acqui-hires," Aashish Bhinde, head of digital and technology at Avendus Capital, told ET. 
 
The primary reason behind this is funding crunch. Many startups that started on vision are now aiming to be profit making firms. 
“Overall, in terms of funding, it's going to get worse. Ventures that have raised series-A (funding) rounds are finding it difficult to raise follow-on rounds... There will be stress in terms of companies not having cash flows to sustain themselves,” Siddharth Parekh, senior partner at private equity firm Paragon Partners told ET. 
 
(Image: Thinkstock)

Owing to funding crunch, many startups are going to get swallowed by big fishes this year

eCommerce players like online food ordering startup <a href="http://www.businessinsider.in/searchresult.cms?query=Zomato">Zomato</a>, <a href="http://www.businessinsider.in/searchresult.cms?query=TinyOwl+">TinyOwl </a>and <a href="http://www.businessinsider.in/searchresult.cms?query=Swiggy+">Swiggy </a>are in full swing and trying to raise money through various means. Reports suggest that all of these players are in various stages of advanced talks to raise about Rs 1,000 crore ($157 million) for their businesses. 
 According to Economic Times, <keyword id="830092" type="COMPANY" weightage="20" keywordseo="Zomato">Zomato</keyword>, which began its food delivery service in May, has initiated discussions to raise $80-100 million (Rs 510-640 crore) while <keyword id="6358977" type="UNKNOWN" weightage="20" keywordseo="Swiggy">Swiggy</keyword> has mandated Avendus Capital for a new round of funding in less than two months after it raised Rs 105 crore. <keyword id="3601251" type="UNKNOWN" weightage="20" keywordseo="TinyOwl">TinyOwl</keyword> is also in talks to raise Rs 190-256 crore after it secured Rs 100 crore in February. 
 
If reports are to be believed, the trend of ordering food online has grown in India in the past one year and domestic restaurant aggregators need huge servings of capital to be able to quickly ramp up daily orders if they are to grow as rapidly as their peers in the US and the UK. 
US-based <a href="http://www.businessinsider.in/searchresult.cms?query=GrubHub">GrubHub</a>, a $2.6 billion company have been handling 234, 700 orders a day while India-based Foodpanda handles approx 30,000 orders daily and the number for TinyOwl remained to 8,000. 
 In an email written to ET, Zomato co-founder and CEO <keyword id="476451" type="UNKNOWN" weightage="20" keywordseo="Deepinder-Goyal">Deepinder Goyal</keyword> mentioned, "We have given a bank a mandate to start the fundraising process for us but we haven't reached out to any investor yet. We will start reaching out to investors sometime in September." In April this year, Zomato raised a total of Rs 301 crore from the existing investors including Info Edge and <keyword id="270604" type="ENTERTAINMENT" weightage="20" keywordseo="Sequoia">Sequoia</keyword> Capital at a valuation just under Rs 5,000 crore. 
 
"Zomato has been in talks with investors but isn't able to get the valuation or cash it needs to boost the delivery business," informed an official aware of the development. 
 
The official requesting anonymity further added, "Therefore, internal investors agreed to back the company through the beta launch and testing (of the food ordering service) and when the company is at significant traction, they will explore the opportunity to raise about $100 million, valued at $1 billion." 
 
The Bengaluru-based startup, aunched last year, Swiggy is likely to raise Rs 300 crore but as per the sources, the amount is yet to be finalized. Another Mumbai-based TinyOwl is likely to finalize its fundraising discussions with investors later this month. 
 
Swiggy CEO Sriharsha Majety and TinyOwl CEO Harshvardhan Mandad both confirmed their plans to raise money but declined comment any further on the matter.

Zomato, TinyOwl, Swiggy in talks to raise funds  worth Rs 1,000 crore

With 18 students placed, <keyword id="6751476" type="UNKNOWN" weightage="20" keywordseo="Accenture-Strategy">Accenture Strategy</keyword> emerged as the top recruiter at <keyword id="19483" type="ORGANIZATION" weightage="20" keywordseo="IIM-ahmedabad">IIM Ahmedabad</keyword>, as per the final placement report for PGP programme 2016 released by the institute in accordance with the Indian Placement Reporting Standards. 
 
Top recruiter Accenture Strategy was the top recruiter. Bain &amp; Co extended 16 offers while The <keyword id="169297" type="COMPANY" weightage="20" keywordseo="Boston-Consulting">Boston Consulting</keyword> Group extended 17. 
 
Interesting stats 
- According to the report, 383 students sought employment through the business school out of the total 403 graduating this year. 
 
- More than 110 firms participated in the placement process of which the top offers (108) were made by consulting firms. 
 
- 8 students opted out to start entrepreneurial ventures. They will be undertaking their journey under the guidance of SINE, IIM-A's incubation Cell and will be allowed to sit for placement in the next 2-3 years if their startup fails. 
 
- Approximately 368 offers were based in India, 7 in Europe, Middle East, Africa (EMEA) and 8 in Asia Pacific. 
 
- The number of international offers dropped from 40 last year to 15 this time around. 
 
Sector-wise 
A total of 108 offers were accepted by students in the consulting sector, followed by 70 in BFSI (banking, financial services and insurance), 53 in online services, 26 in IT, 12 in media and communications, and 21 in telecom, 24 in conglomerates and 28 in FMCG. 
 
- Recruiters in the consulting space included global strategy consulting and niche consulting firms like Accenture Strategy, Alvarez &amp; Marsal, AT Kearney, Bain &amp; Company, Deloitte, McKinsey &amp; Company, Oliver Wyman, Roland Berger, and the Boston Consulting group. 
 
- The BFSI sector saw participation from global investment banks like Barclays, Avendus Capital, Citi Bank, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC among others. 
 - In the Consumer Goods and Services sector, <keyword id="6361491" type="CITY" weightage="20" keywordseo="Procter-Gamble">Procter &amp; Gamble</keyword> and Star TV India were the leading recruiters having extended 8 and 11 offers. 
 
- From the e-commerce space, Amazon, Flipkart, Snapdeal, Sprinklr and Uber picked up students. 
 - Students also secured roles in tech sector firms like <keyword id="10387" type="CITY" weightage="20" keywordseo="Microsoft">Microsoft</keyword>, Cognizant, Google, Samsung, Wipro among others. 
 
Function-wise 
Maximum number of students (111) accepted consulting roles, followed by marketing/sales (74), finance (68), general management (60) and Business Development (12) among others. 
 
- Sales and marketing roles were taken up in companies like Asian Paints, Hindustan Unilever Ltd, ITC, Johnson &amp; Johnson, L’Oreal, nestle, Pepsico, P&amp;G, Reckitt Benckiser, Vodafome among others. 
 
- General Management and leadership profiles were offered to students by Aditya Birla Group, Bharti Airtel, CK Birla Group, Lodha Group, Mahindra and Reliance. 
 
Salary heads - Domestic and International 
According to the report, the minimum fixed yearly cash component (domestic) is Rs 6 lakh while the maximum is Rs 35 lakh. The median fixed yearly cash component (domestic) is Rs 17,00,655. 
 
The maximum earning potential cash component stood at Rs 48 lakh; at the minimum range, Rs 11.5 lakh and for the median and Rs 21 lakh. 
 
For international offers, the minimum fixed yearly cash component stood at $34,248, while the maximum stood at $132,896 and the median, $60,000. 
 
The maximum earning potential cash component (international), according to the report for PGP students, was $35,112 at the minimum and $1,53,568 at the maximum.

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India’s best minds from IIM Ahmedabad, XLRI are heading to consulting firms

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Here’s all that you need to know about the upcoming India Internet Day 2019

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BI India Bureau

Owing to funding crunch, many startups are going to get swallowed by big fishes this year

BI India Bureau

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Accenture emerges Top recruiter at IIM-A placements this year; 8 students turn down offers to begin startups

Anushree Singh