Young Alumni Excellence Award for Outstanding Entrepreneurship
In his final year, Prathamesh Juvatkar co-authored a research article with Professor Ragavan K and classmate Pavan Kishore on a novel method for building electrical machines. He was scheduled to present at the IEEE International Electric Vehicle Conference, U.S.A., but money was scarce. Their concerns were alleviated by Prof. Ragavan, who generously donated from his Cumulative Professional Development Allowance (CPDA) to help them.
"The teachers had great faith in us. We performed things in ways that would not have been possible anywhere else but at IIT Gandhinagar."
Prathamesh graduated with BTech in Electrical Engineering with a Minor in Computer Science and Mechanical Engineering from IITGN in 2012. He was awarded the Institute Gold Medal for the highest Cumulative Performance Index (CPI) in his discipline. As a part of the pioneer batch of IITGN students, he grew with the institution. They experimented, learned, and transformed together. These experiences prepared him for the leap of faith required to start the content aggregation application named Cubeit in 2012. He co-founded this start-up with his friends, Sarthak Jain & Nithin Gadiparthi, at IITGN. Myntra acquired Cubeit after four years.
"Many start-ups fail because of disagreements with the co-founders. But being friends with your co-founder eliminates most of your problems. Because you understand their perspectives and where they are coming from. It helps in both ways, personally and professionally."
In 2016, he co-founded Nanonets, an AI-based platform for automating document workflows. It recently received $10 million in funding led by Elevation Capital. He serves as the company's Chief Technology Officer (CTO) with his close friend and co-founder, Sarthak Jain.
"Sarthak and I have been friends for 10+ years. From the 1st year of BTech to creating, growing, and managing two companies. This friendship that began at Gandhinagar became a friendship for life."
This bond with the institution urged his company to return for recruitment in 2014. It felt like a natural choice to him. He knew that his juniors were capable and wished to work with them.
Prathamesh cautions students from starting companies immediately because he knows many left after a year or two. “It requires an extreme level of dedication. You will have to do a lot of random and time-consuming tasks. It is not as cool as it is perceived.”
He adds, "Looking back, the level of accomplishment that alumni have achieved is remarkable for such a young institution."