₹1 Crore in Alumni Fundraising: The IIM Bangalore Success Story
Discover how IIM Bangalore mobilized its global alumni network to raise over ₹1 crore within a year—powered purely by event ticket sales and strategic engagement, without relying on celebrity fundraisers or external sponsorships.
₹1 Crore+
2x Growth
25+ Countries
80%+ Alumni
Introduction: About IIM Bangalore
Hiding in the vibrant city of Bangalore, the Indian Institute of Management Bangalore (IIMB) has been a cornerstone of business education since 1973. But this isn’t just about classes and case studies—this is about a vibrant ecosystem that combines academic intensity with real-world applicability. Time and again, IIMB has evolved as a starting point for thousands of talent professionals who’ve gone on to make a mark in fields ranging from finance and tech to consulting, entrepreneurship—the list goes on.
The alumni network? It’s not only enormous; it’s influential. These are individuals who’ve left their imprint, but even with what they’ve accomplished, keeping in touch with their alma mater hasn’t always been plain sailing.
Challenges:
On paper, a worldwide alumni network is a pipe dream. But in practice? It caused a decent amount of headaches.
Here’s where things got complicated:
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Not Enough Attendance: Despite hardworking thousands of successful graduates, few attended events. Some didn’t know about them—nor did they feel included.
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Inefficient Events Setup: Consider Excel sheets, cluttered email chains, and offline payments. Setting up even a small event was a hassle.
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Too Distant Events: Alumni were geographically dispersed. Asked to attend in person, they were not practical.
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Fundraising? Not Scalable: There were grand plans—more scholarships, campus renovations, new programs—but the weapons weren’t there to build support reliably.
Something better had to be done.
The Solution:Developing AlmaShines Alumni Engagement Platform
IIMB chose to transform its alumni engagement model—and technology took center stage.
But this wasn’t simply plugging a new platform in. It was rethinking how to remain meaningfully connected with a worldwide community.
Here’s what evolved:
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Seamless Ticketing & Payments: No more clunky payment procedures. Alumni could enroll and pay for events online with a few clicks.
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Personalized Invitations: With intelligent segmentation, messages resonate. Whether a 2010 Bengaluru-based graduate or a 1995 Toronto-based alumnus, the communication seemed special.
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Virtual & Hybrid Events: Can’t make it in person? No worries. Online availability ensured no one was left behind.
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Real-Time Monitoring: The team could monitor sign-ups, demographics, and activity in real-time—and quickly pivot as required.
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Follow-ups That Counted: After events, thank-you letters, highlights, and reminders on how money was spent kept the relationship alive.
It wasn’t an upgrade to a system—it was a completely new way of thinking.
Principal Features Utilized by IIM Bangalore :
What did it do? It wasn’t one thing—it was a brilliant combination:
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User-Friendly Platform: No learning curve. It simply worked.
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Targeted Messaging: No more annoying emails. Everything felt custom-fit.
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Live Analytics: Data wasn’t collected—it informed action.
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Flexible Participation Options: In-person, online, or hybrid—whatever worked.
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Human-Centered Design: The process was people-first.
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Built-In Community Tools: Features that enabled alumni to connect beyond events.
Milestones & Results:
So, what was the outcome of all that hard work?
Big Wins:
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₹1 Crore+ Raised: And that was simply from event ticket sales—no celebrity auctions or fancy galas. Just authentic interest and ongoing engagement.
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Participation Went Through the Roof: Twice as many people attended. Some events sold out in hours. Alumni participated from more than 25 countries—proof that geography no longer mattered.
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More Than a Crowd—A Community: Surveys after the event indicated that more than 80% of participants felt they were more connected with IIMB than they had been before.
Real, Visible Change:
Funds weren’t simply kept on reserve—they were invested. Here’s how:
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Scholarships went to bright students from under-served communities
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Classrooms were equipped with interactive technology
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New research centers opened, addressing grand challenges such as sustainability and innovation
Ongoing Momentum:
Once someone participated in an event, they tended to return for more. Participation wasn’t an isolated event—it was habit-forming.
Main Points for Other Institutions:
If you’re considering ramping up alumni involvement, here’s what we learn from IIMB’s experience:
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Begin With Relationships: Tech is useful, but people care about other people.
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Segment and Personalize: Mass communication just won’t do anymore.
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Be Transparent About Impact: Demonstrate how contributions are having an impact.
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Don’t Overthink It: Simple, straightforward processes always win out.
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Make It Routine: Plan beyond one-shot events. Establish a rhythm.
Conclusion:
IIM Bangalore’s tale isn’t one of reaching a fundraising milestone. It’s one of demonstrating what you can do when you approach engagement in a reflective, human way.
Alumni were eager to give back. They simply needed an opportunity to do so in a way that was easy and fulfilling. IIMB provided that—and the results are for themselves.
So whether you’re a small liberal arts college or a giant public university, the take-away remains: if you start with purpose, add the appropriate tech, and treat alumni as lifelong partners, the effect can be downright transformative.
And it begins with a single thoughtful invitation.