Unstop (formerly Dare2Compete) Raises $5 Mn Funding Led by Mynavi and Coursera

Unstop, a Mumbai-based community and hiring platform, is in the process of raising $5 million in its first round of funding, with leading investments coming from Japan’s Job board Myanvi and digital learning platform Coursera, as reported by various media outlets.

Joining them as investors in this funding round are Venture Catalysts, 9Unicorns, and Pankaj Bansal through his fund Caret Capital.

Earlier this year, during the TV reality show Shark Tank India Season 2, Unstop declined a ₹5 crore offer for 10% equity from show judge Amit Jain, the Founder of CarDekho Group.

Founded in 2016 by Ankit Aggarwal, Unstop operates as a platform that provides students and professionals from all disciplines with opportunities to engage with institutes and companies through various intellectual gamified activities. These include Innovation and Case Challenges, Hackathons, Quizzes, Business Simulations, and more, allowing individuals to showcase their talents and secure recognition, rewards, and job opportunities.

The funding will be utilized to bolster Unstop’s technology infrastructure and further invest in marketing, product development, and sales functions. The platform aims to create a facility where brands can identify and match their skill requirements while efficiently engaging and recruiting talent across various domains, encompassing engineering, MBA, arts, science, commerce, and beyond.

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