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JULY | 2017


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ET Startup Awards 2017: Best on Campus Award Goes to Daniel David of DeTect Technologies


Founded by IIT Madras alumni Daniel Raj David, Harikrishnan AS, Karthik R and Tarun Mishra along with professor Krishnan Balasubramanian, DeTect Technologies was chosen as the best startup to have emerged from a college campus. READ MORE

Subscription-Based E-Grocery Startup RainCan Raises Pre-Series A Funding


Founded in 2015 by IIT Bombay alumni Abhijeet Kumar and Munendra Singh, the startup allows its registered subscribers to choose from an array of product categories, including dairy, bakery, perishables and staples. READ MORE

Naukri Parent Info Edge Invests More in BigStylist, Backs B2B Startup Wishbook


Founded by IIT Kharagpur alumni Richa Singh, Chinmaya Sharma and Anurag Srivastava, BigStylist allows customers to order beauty services at home through its website, Android app and phone call. READ MORE




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The IIT-Madras Alumnus Discusses the Recent $35 Million Series A Funding for Riversand Technologies, Inc.

Upen Varanasi

We recently sat down with Upen Varanasi, IIT-Madras alumnus and CEO of Riversand Technologies, Inc., a multi-domain Master Data Management firm. He reflected on his journey, what’s next for his company and industry and his philanthropic goals.

PanIIT USA: Your journey from graduating from IIT-Madras and ending up with a company that is now being labeled as a visionary in Gartner Magic Quadrant, and leading the way in the world of online data management is compelling. How did this come about?

Mr. Varanasi: Well, I was with Trilogy Software before the dot com bust, and managed to stay on with them through more than 300 layoffs, when the bubble was beginning to crash. But, I always wanted to work for myself. One of my classmates from IIT called me and said that he and a colleague had an idea for a business, so I left Trilogy and went to work with them at a small firm for a short time.

When we started the company, we didn’t really have one main, big idea. This is not one of those stories where the founder has a great idea, we really just wanted to be in business for ourselves. And, we knew we would find a problem to solve. At Compaq, we saw the issue and were able to keep the IT rights from a product. From there, we generalized it for the industry. We identified a gap, and built the idea around that and that’s really how we got started. READ MORE


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Founded in 2003 by a group of Indian Institutes of Technology (IIT) alumni, PanIIT USA is a 501(c)(6) with a mission to support the alumni community in the U.S., with job recruitment, event promotions, marketing and media collaborations to assist with their organization' goals. To get resources, alumni can visit where they will find a personalized database with access to more than 30,000 IIT alumni. The website also maintains a vibrant job board full of opportunities.