Unstop raises $5 Mn in maiden round led by Mynavi

Unstop, a community engagement and hiring platform for students and graduates, has raised $5 million in its maiden funding round led by Mynavi, a Japan-based HRtech firm. Online learning platform Coursera, Venture Catalysts, 9Unicorns, and Pankaj Bansal, through his fund Caret Capital, also participated in the funding round.

According to Unstop, the funds will be used to drive its growth plans and to enhancing product and technology while adding team members. 

Launched in 2019 by Ankit Aggarwal, Unstop is a community engagement and hiring platform for students and freshers to learn, upskill, showcase their skills, gain CV points, and get hired. 

Currently, it is a community of over six million students and freshers from over 20,000 colleges attracting nearly two million monthly active users. It claims to have more than 800 brands, including Flipkart, Amazon, Reliance, Tata Sons, HUL, Reckitt, Accenture, EY, Infosys, Wipro, and other recruiters working to engage and hire from this community.

In July, the Delhi-based platform hit about six million users and seven million monthly traffic for the first time.