Story Content

Persistent Systems has inked an unprecedented deal with the startup built by Manas Human of IIT for an astronomical Rs 13,697 crore. The deal highlights the significance of the innovative tech start-ups coming out of India's top institutes.

With a proven track record from the Indian Institutes of Technology, Manas Human is a proficient entrepreneur who created a business to be one of the leading players in the technology industry. It is his vision and leadership that has now resulted in one of the significant exits this year from the Indian startup ecosystem.

The agreement is expected to enhance Persistent Systems' portfolio and deepen its expertise in critical emerging technologies. Industry professionals say it's an indicator of the quality of talent and innovation emerging out of India's IITs.

The story of Manas Human, from being a student to a successful entrepreneur who sold his start-up for thousands of crores, is inspiring for budding entrepreneurs all over the country. Details about his next moves are awaited with keen interest by the startup community.

This acquisition further cements India's position as a global hub for technology innovation and high-value deals.