Alumni News

Avataar, led by IIMB alumna Saumya Misra, wins at Start Up Maharathi Challenge

We are delighted to share that Avataar, a direct-to-consumer (D2C) brand founded by Saumya Misra (PGP 2015), an alumna of IIM Bangalore, has emerged as the winner in the D2C category of the prestigious Start Up Maharathi Challenge.

Avataar has been redefining personal care and wellness with a focus on effective, science-backed solutions for skin and body transformation. This recognition is a reflection of the hard work and commitment of the team, the trust and loyalty of their customers, and the unwavering support of their investors.

Saumya’s leadership and vision have been central to Avataar’s success and growth. Her entrepreneurial journey is an inspiration for the IIMB community and for aspiring women founders across the country.

We extend our heartfelt congratulations to Saumya and her team on this milestone and wish them continued success in their mission to transform lives through innovation and care.

IIMB achieves Record-Breaking Placements for Largest Graduating Batch, Driving Industry Leadership

IIM Bangalore’s PGP and PGPBA Class of 2023-25 achieved unprecedented placement success, securing over 650 strategic job offers for its largest graduating batch of 595 students. This accomplishment, involving 176 firms, underscores the institute’s robust industry connections and the high caliber of its graduates, poised to become future industry leaders. Notably, Management Consulting emerged as the top career choice, attracting 41% of the total offers, followed by Technology/Product Management and Investment Banking, reflecting the students’ adaptability to evolving market demands. The placement process, conducted amidst a challenging global job market, set new benchmarks in both offer volume and sectoral diversity. IIMB’s Career Development Services, led by Professor Nishant Kumar Verma, emphasized the fruitful collaborations with both established and new recruiters, with approximately 30% of participating firms being first-time recruiters, signaling IIMB’s expanding industry influence. A record of over 100 lateral placement offers were also secured, which is the highest amongst the top B-schools in India, signifying the high demand for experienced IIMB graduates.


Notable recruiters included Accenture Strategy (75 offers), Boston Consulting Group (25 offers), and American Express (20 offers), among others. The diverse range of sectors, including FMCG, Retail, E-commerce, and Healthcare, underscores the broad applicability of IIMB graduates’ strategic skills. The Student Placement Committee acknowledged the strong participation from both legacy and first-time recruiters, signifying the trust placed in IIMB students and their potential to drive innovation across industries. This remarkable placement season reinforces IIMB’s position as a leading institution for management education, shaping the future of business.