Unstop is an online employment platform and it was recently featured on Shark Tank India 2, find out more about the company and its experience on the show along with its founder and deal
India is home to successful businesspeople who have established themselves internationally. But those times when only the wealthy could manage and own a firm are long gone.
With the release of Season 2 of Shark Tank India, entrepreneurship has become more accessible. Currently, there are several firms sprouting up all over the nation. While earlier, firms strived to get even smaller investments, the business-themed show gave startups an opportunity to directly ask for bigger investments from renowned investors.
Unstop on Shark Tank India, episode, founder, deal, valuation, revenue and net worth in 2023
| Unstop Shark Tank India Episode Number | Shark Tank India Season 2 Week 6 Episode 26 |
| Unstop Shark Tank India Episode Air Date | 6 February 2023 |
| Unstop Founder Name | Ankit Agarwal , Yatharth Narain |
| Unstop Ask In Shark Tank India | 1 Crore For 1% Equity |
| Unstop Deal In Shark Tank India | ₹2 cr for 4% equity |
| Unstop Company Valuation | 50 crores |
| Unstop Investor Name | Amit Jain, Namita Thapar, Aman Gupta, Anupam Mittal |
| Unstop Official Website | Unstop Website |
In the most recent episode of Shark Tank India Season 2, shark Amit Jain—co-founder and CEO of the CarDekho Group—offered Rs 5 crore in exchange for 10% stock in the online employment platform ‘Unstop,’ which was being presented by Ankit Aggarwal.
However, Aggarwal thought he would be interested in hearing what the other sharks had to offer. And his intuition was correct since he eventually received an even greater offer from other sharks.
Since then, Unstop has become a trending topic of discussion, with many people trying to find out more about it. So, here’s what we know about it:
More about Unstop
Unstop is an entirely self-funded business that has now developed an online platform for organizations to find, evaluate, engage, and recruit people throughout the country. On the site, over 200 companies and over 1 crore graduates are currently looking for work.
The business was originally founded in 2017 under the name “Dare2Compete,” but it subsequently changed its name to “Unstop. The business transformed from a simple blog to a software platform. While Ankit Aggarwal is the founder and CEO, Yatharth Narain is a co-founder of this company.
The creator wants to connect with as many prospects as possible and facilitate their recruitment. Additionally, it offers chances to interact with organizations and businesses by taking part in and competing in academic competitions such as case competitions, hackathons, quizzes, business simulations, etc. They aid in improving everyone’s ability to execute their abilities effectively and get accolades.
With a gross margin of 90% and an EBITDA of 30%, the company expects sales in the new fiscal year to range between Rs 30 and Rs 25 crores.
Its experience on Shark Tank India 2
The founders of Unstop requested Rs 1 crore for 1% equity. Amit intends to invest Rs 5 crore for 10% stock after hearing the pitch, but the founder believes that he would prefer to hear what the other sharks have to offer.
Later, Anupam Mittal, the founder and CEO of Shaadi.com, offers a solo deal after Aman Gupta and Namita Thapar.
The four sharks ultimately came to an agreement and proposed a final transaction of Rs 2 crore for 4% equity. The founder agreed, and the deal was completed.
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