With the help of Mynavi, a Japan-based HRtech company, Unstop, a platform for student and graduate hiring and community engagement, has raised $5 million in its first fundraising round. Venture Catalysts, 9Unicorns, the online learning platform Coursera, and Pankaj Bansal—through his fund Caret Capital—participated in the funding round as well.
Unstop claims that the money will be utilized to support its expansion goals, improve its technology and product, and hire more staff.
Ankit Aggarwal founded Unstop in 2019 as a community engagement and employment platform where students and recent graduates can learn, advance their careers, demonstrate their abilities, earn points for their resumes, and land a job.
At the moment, it is a community of more than six million freshmen and students from more than 20,000 colleges, drawing in close to two million active users each month. It says that over 800 brands are working to engage and hire from this community, including Flipkart, Amazon, Reliance, Tata Sons, HUL, Reckitt, Accenture, EY, Infosys, Wipro, and other recruiters.
For the first time, the Delhi-based platform reached roughly six million users and seven million monthly traffic in July.
