Unstop, a community engagement and hiring platform for students and graduates, on Tuesday said it had raised $5 million from Japan-based human resources firm Mynavi, online education provider Coursera and others.
The Delhi-based startup is Coursera’s first India-based investment. According to a statement, Unstop will use the funds to enhance its technology, marketing, product, and sales functions.
Mynavi led the funding round and is one of Japan’s most prominent human resources firms. Other investors in the round included Venture Catalysts and 9Unicorns.
Ankit Aggarwal founded Unstop, which enables users to learn, upskill, showcase their skills, gain curriculum vitae points, and get hired. According to the company, the talent community includes around 6 million students and early talent from over 20,000 colleges, with approximately 2 million monthly active users.
Ankit Aggarwal founded Unstop, which enables users to learn, upskill, showcase their skills, gain curriculum vitae points, and get hired. According to the company, the talent community includes around 6 million students and early talent from over 20,000 colleges, with approximately 2 million monthly active users.
“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,” Aggarwal said.
There are 40 million students currently enrolled in Indian education at an undergraduate or postgraduate level. Over 5,000 companies are engaging with campuses across domains.
“Mynavi is dedicated to addressing challenges in India, investing in start-ups for HR and education. Supporting Unstop can make our vision a reality to work towards bridging skill gaps for freshers and professionals. We are excited to collaborate as a major HR provider in Japan and expand Unstop,” Hidekazu Ito, managing director at Mynavi Solution India, said.
Before founding UnStop in 2017, Aggarwal was director of operations at Crownit, a market research platform. “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,” Apurva Shah, VP of Corporate Strategy and Financial Planning at Coursera, said.
