Services
Unstop
SEASON 2 : EPISODE 26
BRAND
Unstop
COMPANY NAME
FLIVE CONSULTING PRIVATE LIMITED
FOUNDERS
Ankit Aggarwal
ORIGNAL ASK
Rs. 1 crore for 1% equity at valuation of 100 crores.
DEAL
Rs. 2 crores for 4% equity at valuation of Rs. 50 crores.
Unstop is an online platform that gives students in all fields access to a world of opportunities all over the WORLD. This gives students the chance to learn and improve their skills, show off their talents, and add to their CVs while getting rewarded and hired by their dream companies.
With new-age hiring and engagement solutions, all of this helps companies’ brand, find, engage, evaluate, and hire the right talent. It launches a competition with multiple preliminary rounds. A student registers via their app & if he/she performs well in the rounds, they reach the finals.
Using Unstop, a user can browse different opportunities, take quizzes, participate in marketing case study competitions, hackathons, search for the jobs & internships. A user will have 1500+ live opportunities to register.
All you have to do to use all of Unstop’s features and opportunities is sign up. You can sign in to the platform with Google or with your email address. Once you’re logged in, you’ll have access to a lot of resources, like webinars and workshops, that can help you improve your skills and move up in your career.
Students can also launch their college’s events & competitions on Unstop for free.
Founders & Their Story
Ankit Aggarwal
Unstop, which used to be called Dare2Compete, was started as a blog by Ankit Aggarwal, a computer science graduate who went to Harvard Business School. In 2016, they transformed the blog into website and then launched it in 2017.
In 2017, Unstop started running full-time with a team of three people. Since then, it has grown to a 65-person team, 4.5 Mn users, and close to 1,00,000 opportunity listings, all while making money.
He rebranded it to Unstop in May 2022. Before its pivot, it was just a listing platform where organisers would list events, competitions, and challenges to get more exposure. Now, it is a full-stack engagements and hiring platform where you can do everything related to employer branding and hiring: Brand, Source, Engage, Assess, and Hire.
About The Company
Unstop is a new platform that is changing how recruiters, colleges, and talented people connect. You can use Unstop if you are just starting out in your career or if you want to move up to the next level. The company is present in 78 countries and continues to bring new offers and features to its users.
Using Unstop, over 90,000 female coders participated in two engagements with Walmart out of which more than 300 were hired.
Today, they have more than 10,000 plus colleges & 40 lakhs students are registered on Unstop with more than 200 plus companies engaging with them. Their vision is to provide the right opportunity to every talent in the world. Its goal is to be the largest early talent platform that makes engagement and hiring open to everyone.
Revenues
In FY 21-22, their sales were Rs. 16 crores with the gross margin of 90% & EBITDA 30%
In FY 22-23, to date sales are Rs. 12.5 crores with the projection sales of Rs. 30-35 crores this year.
They have more than 1 lakhs daily active users. The success rate of hiring is 98%
Founder’s Ask
Rs. 1 crore for 1% equity at valuation of 100 crores.
Offers
- Amit’s offer was Rs. 5 crores for 10% equity at valuation of Rs. 50 crores.
- Aman & Namita’s combined offer was Rs. 60 lakhs for 1% equity at valuation of 60 crores & Rs. 40 lakhs debt.
- Anupam’s offer was Rs. 1 crore for 2% equity at valuation of Rs. 50 crores.
- Amit’s revised offer was Rs. 2.5 crore for 5% equity at valuation of Rs. 50 crores
- Amit & Anupam’s combined offer was Rs. 2.5 crore for 5% equity at valuation of Rs. 50 crores.
- Aman, Amit, Anupam & Namita’s combined offer was Rs. 2 crores for 4% equity at valuation of Rs. 50 crores.
Final Deal
Rs. 2 crores for 4% equity at valuation of Rs. 50 crores.
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