Unstop Raises $5 Million in First Funding Round Led by Mynavi and Coursera

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The EdTech sector is evolving rapidly, and the latest news comes from the Unstop community engagement and hiring platform for students and graduates. Unstop has recently raised $5 million in its first funding round led by Mynavi, Japan’s leading job board and HRTech firm, and Coursera, one of the largest online learning platforms in the world with operations in India. Other investors, such as Venture Catalysts, 9Unicorns, and Pankaj Bansal through his Caret Capital fund, have also participated in this round.

Unstop was founded by Ankit Aggarwal with the vision of skills-based education. The platform allows talented individuals to learn, upskill, showcase their skills, gain CV points, and eventually get hired by their dream employers. The objective is to democratize hiring by recruiting talent from all global locations, rather than from a select list of institutes.

Unstop currently boasts 800 brands, such as Flipkart, Amazon, Reliance, TATA Sons, HUL, Reckitt, Accenture, EY, Infosys, and Wipro, as well as other top recruiters. Its user base consists of six million students and early talent from over 20,000 colleges, with nearly two million monthly active users. The platform also has 40 million students enrolled in Indian education at a UG or PG level, 50% of which are female.

The fresh capital received by Unstop will enable it to drive growth and fulfill its ambition of revolutionizing how talent and employers meet in today’s competitive market. Additionally, it will help create a pool of qualified talent with proven employability skills and access to diverse opportunities.

Teachers can use the Unstop platform to help their students gain exposure to top recruiters and get hired by their dream employers. The platform is also a great resource for teachers to gain insight into the skills and qualifications that employers are looking for and use them to tailor their lessons accordingly. Unstop is an amazing tool to help teachers bridge the skills gap and set their students up for success in the job market.