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

• ByStartupStory     |    August 2, 2023

Community engagement and hiring platform Unstop announced on Wednesday that it has successfully raised $5 million in its first round of funding. The funding was led by Japan’s Job board Myanvi and digital learning platform Coursera, with participation from Venture Catalysts, 9Unicorns, and Pankaj Bansal through his fund Caret Capital.

The platform intends to utilize the funds to bolster its technology infrastructure and make further investments in marketing, product development, and sales functions. According to a company release, this investment will empower Unstop to create a unique facility where brands can match their specific skills requirements while effectively engaging and recruiting talent across various domains, including engineering, MBA, arts, science, commerce, and more.

Ankit Aggarwal, Founder & CEO of Unstop, expressed his enthusiasm, stating, “Our moat is our 6 million strong community. Technology platforms may become interchangeable; however, building a community and ecosystem takes ages and eventually sets you apart. This funding is a significant milestone for Unstop as our investors form a unique blend, coming together from various parts of the world and different domains (EdTech + HRTech), and supporting us in our journey with their vote of confidence on our robust proposition. This fresh capital will enable us to drive growth on all fronts and achieve our goals.”

Apurva Shah, VP of Corporate Strategy and Financial Planning at Coursera, also commented on the partnership, saying, “We are excited to partner with Unstop to advance our shared vision for skills-based hiring in India. Coursera is committed to empowering learners, and through this investment, we aim to expand opportunities for students, helping them unlock their true potential and access diverse career pathways.”

Unstop is dedicated to providing engagement and job opportunities to students and graduates, with a massive pool of 6 million students from over 20,000 colleges and 2 million monthly active users. The platform also offers upskilling opportunities for students and professionals. It boasts a portfolio of over 800 brands, including Flipkart, Amazon, Tata Sons, HUL, Reckitt, Accenture, EY, Infosys, and Wipro, among others.

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