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Indian American startup sponsors 13 students at IIT Madras
The firm was founded by IIT Madras alumni.
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Pranavi Sharma - Sun, 06, Apr 2025
- 04:55 EDT
- 326
Yugabyte and IIT Madras. / Wikipedia
Yugabyte, a startup founded by Indian Americans, has sponsored the hostel and living expenses of 13 deserving students at Indian Institute of Technology (IIT) Madras, the institute announced.
The donation aims to support students from financially constrained backgrounds and enable them to focus on their academic pursuits and personal growth without the burden of financial stress.
Founded by IIT Madras alumni Karthik Ranganathan and Kannan Muthukkaruppan, Yugabyte is a company that develops and supports YugabyteDB, a high-performance, distributed SQL database designed for building global, cloud-native applications, offering both open-source and cloud-based solutions.
Announcing the contribution the Office of Alumni and Corporate Relations at IIT Madras said, "This initiative ensures that bright minds from financially constrained backgrounds can pursue their education without worry, helping them focus on academic excellence and personal growth.With partners like Yugabyte, we continue to make IITMforAll a reality—fostering talent, reducing inequalities, and driving innovation."
Responding to the announcement, Karthik Ranganathan, founder and co-CEO at Yugabyte, expressed pride and nostalgia associated with the donation.
"Never forget our roots! Kannan and I are pretty nostalgic remembering the 'good ol' days' today as alumni of Indian Institute of Technology, Madras. We are very proud that today, Yugabyte is sponsoring hostel and living expenses for 13 deserving students of IIT Madras," he said.
Ranganathan also reflected on his time at the institute. "The hostel (also called 'dorm' in the US) I lived in when doing my Bachelor's at IIT Madras was 'Godavari' and Kannan lived in the hostel 'Mandakini'—all hostels were named after famous Indian rivers. Some of the sponsored students above are housed in these very hostels."
"There is a particular type of happiness that only comes from sharing and giving as a part of a greater cause—like education for the deserving in this case. We are so proud to do this little bit," he added.
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