Flipkart Bets Big On Summer Interns, 63 Join in Two Months
Online retailer Flipkart is on a spree to hire summer interns, both from India and abroad. The number of students interning at Flipkart has risen to 108 this year from 37 in 2012. In all, 63 non-tech interns have joined the online retailer in April and May. Of this, 60 are from India. Three students are from Leeds University, London, IE Business School in Spain and Netherlands-based HAS University who interned for 8-10 weeks studying supply chain management and retail. The 60 management students from India belong to IIMs, Faculty of Management Studies, University of Delhi (FMS), Management Development Institute (MDI), SP Jain Institute of Management and Research, Indian Institute of Foreign Trade (IIFT) and National Institute of Industrial Engineering (NITIE). The Bangalore-based company also hired 45 engineering students from BITS and IIIT who will start work in July. “In the last two years we have scaled our business, campus hires, and even intern numbers have shot up. The international students interning with us have applied on their own,” says Mekin Maheswari, chief people officer, Flipkart. Last year the company took in 101 interns in all. This includes 53 B-school students for management and 48 students for technology-based profiles. There was a student from Wharton School of University of Pennsylvania and SDA Bocconi, Italy learning the ropes of the retail sector in the company.
Internships for companies across sectors have become a preferred method of testing probable employees. Rather than facing resignations from students, few months after campus placements, companies prefer to study them
The Bangalore -based company also hired 45 engineering students from BITS and IIIT who will start work in July
during their internship period before making an offer. “A large number of these students will get pre-placement offers (PPOs),” added Maheswari. Flipkart has become one of the largest recruiters at campuses. Last year, the company rolled out 57 PPOs and this year numbers should be similar, although it is too early to predict, Maheswari added. Flipkart with its manpower of 10,000 (including contract and supply chain) has been on a hiring spree across levels in the last few years. At IITs, the multicategory retailer offered 118 students jobs from batch 2014. At B-schools Flipkart offered 50-55 students a job and 3035 of such offers were made at IIMs this time. It has also added to its coffers last year by raising $360 million in two rounds and was valued at $1.6 billion in July last year. ET reported in May that the company is in final talks to buy rival e-commerce firm Myntra for $400 million (.`2,400 crore).