I am doing M.Tech from IIT. I have a great opportunity to join a startup. But will have to leave M.Tech. Does M.Tech degree really matters that much?

I would complete my M.Tech., if I were in your situation. There are more startups that fail than succeed. From your question, it appears like you are getting a job in a startup, so after you complete your degree from IIT, you will probably get many more job offers from startups and established companies alike if you have studied well in your M.Tech.

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