Highly successful start up in India founded by a non IIT-ian..

Most Successful startups now which is not founded by an IITian In India..

Directi founded by Bhavin Turakhia and Divyank Turakhia
Freecharge founded by Kunal Shah
PriceBaba founded by Annkur Agarwal
YourStory founded by Shradha Sharma
Snapdeal co-founded by Kunal Bahl
Practo founded by Shashank ND
OYO Rooms founded by Ritesh Agarwal

And many more. I could think of the above mentioned in a few seconds so I am pretty sure there are many more.

I think going to an IIT gives you confidence in every aspect including starting a new company. But being a non IITian doesn't mean that you can't startup. It's just an excuse that you might be giving to yourself though.

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