Unstop Startup Story – The Business Model & Success Story of Edtech Hero
Unstop Business Model
Proper human resource management helps to improve the effectiveness of an organization. Similarly, the Human Resource department is counted as the main head of any company around the world. Unstop is one of those one-stop solutions for companies that offer a Human Resource ecosystem, especially to college students.
Unstop is surely a unique human resource service company present the world. They believe in nothing but, connecting unstoppable talent with the whole world. Unstop is a platform that aims to give all the elements that students need in their academic and initial careers. In short, this online platform creates career opportunities for students who are freshers and are willing to begin their careers at something.
Hiring Point-of-View
The primary service offered by Unstop is to give students a headstart in their careers. Other than that, the platform offers a long list of features for students to help them gain knowledge related to their field of study. From the company’s point-of-view you can hire students by posting job openings on the platform. Before you search for a job you need to publish your internship or job requirement on Unstop. The steps of how Unstop works are given below:-
- After you have created your profile on Unstop and have published your internship or job requirements make sure you head on to the ‘create page’
- After clicking on ‘create page’ you need to click on the type of opportunities you wish to list for example “Jobs” or “Internships”
- As per your requirements, you need to fill in all the steps of the listing, you need to add basic details, contact information, roles/responsibilities, salary structure, stipend, and many more
- If everything is as per your will, verify all the details and publish the opportunity on the platform. After you post the opportunity it will go live instantly and will take a few hours to be approved in the Public mode.
Student Point-of-View
Unstop has tie-ups with a lot of dream companies such as Bajaj Finserv, Amazon, Apple, BCG, Flipkart, Hero, Phillips, and many more. Students have a long range of surfing options visiting this platform. All of them can learn, practice, compete, and get one-on-one mentorship from this platform. Students willing to start their careers can enroll themselves in various courses. These courses are curated by the best industry professionals and enhance their career growth.
After you have enrolled for the course you have taken up these are the steps that will be followed later:-
- You can download the official app or visit their website to complete the course that you have enrolled
- While the learning process you will be given capstone projects and assignments. Students will need to complete those and build their proof of work.
- Then you can compete as per your roles and responsibilities and give your exam on the platform
- If your performance is extraordinary you will be called for one-on-one mentorship from the company you are trying for
- You will get industry-recognized certification from Unstop as per your skills received and projects you have done
- Looking at your results you can either apply for jobs, internships, and hiring challenges on the platform.
Unstop- Name, Tagline, Logo, and its Meaning
The name Unstop has a deep and direct meaning. It just means it is the best platform for students to never stop working on their careers and dreams. This also means to never giving up on your career even if you are facing hard times during your initial days. Other than that, you can get the best opportunities from Unstop.
The tagline of Unstop is “Connecting Unstoppable Talent with the World”. This means Unstop is the one-stop solution for job seekers who are desperately looking for jobs at a highly reputable company.
The logo is a reflection of the company’s journey and identity. Similarly, we have the perfect logo for Unstop. The “Un” of the logo is circled around dark blue color and ‘Stop’ is just left plainly. The meaning of this logo is to be free from any obstruction that comes to you.
Unstop- Founders and Team
Unstop has been developed by a very inspiring, motivating, and highly dedicated team. The motive of these founders has been nothing but, to become ‘Be Unstoppable”. The founder and CEO of Unstop is a Delhi-based entrepreneur, Ankit Aggarwal.
We know a business cannot be operated and handled alone. You need manpower to run a business successfully in the market. Even more, people are required for such reputable software development companies like Unstop to work. Unstop is a 65-member team. Here are some of the key members who played a significant role in the development of this company:-
- Nithin Kumar Peratla
- Indrabhusan Bora- Senior Associate
- Naman Jain- Tech team
- Rohit Rathor- Tech team
- Mayank Rana- Tech team
- Abhishek Gaur- Tech team
- Monu Kumar- Tech team
- Tushar Mehta- Business maestros
- Ritu Kaushik- Business maestros
- Nimit Vohra- Business maestros
- Depika Bhatt- Design team
- Pradeep Goyal- Design team
These are some of the key members who play a significant role in the daily operation of Unstop.
Unstop Startup Story
Entrepreneurs always have something in their minds that pushes them back. Of course, they start a new journey by developing something unique for consumers in the market. The same was running into the mind of Ankit Aggarwal during his student life.
During his college life, most of the students used to run towards getting placements but, Ankit would be busy entertaining the startup ideas that kept coming to his head.
The idea of Unstop came from a blog that Ankit thought about inside his hostel room. He was pursuing MBA from IMT and wanted to perform in various programs. During such events, Ankit Aggarwal started a blog where he posted information related to college programs as soon as he received it. This was during the 2010s.
While working on these blogs Ankit joined Harvard Business School to pursue his scholarship program. His first breakthrough came when he was approached by Reliance and Aditya Birla Group. These brands asked Ankit that if he can reach students and start an employer brand. Later, in 2017, he decided to give his attention to writing blogs and wanted to achieve something bigger.
He had already started collaborating with a few schools but, the company was quite restricted. Unstop was established in 2019 and started incorporating different fields that were being offered in colleges. Recently in 2021, Unstop pivoted from being just a listing platform. As of today, users can create web pages conduct transactions, conduct projects, and many more. Unstop has become one of the most-used early talent engagement and hiring platforms.
Unstop- Mission and Vision
Not all companies reveal their mission or vision as they just focus on working on them. In some way, this is quite true if you are willing to achieve something just work on it rather than beating around the bush.
The mission of Unstop is to connect unstoppable talent with the world. Their aim is to provide the correct career to the right people. On the other hand, the vision of the company has not been revealed.
Unstop Business Model and Revenue Model
Unstop is a new category creator in today’s world, they are known as Edu-HR-Tech. This Early Talent Engagement & Hiring platform has a community of more than 5 million students, freshers, and professionals. They have connections with almost 98% of major campuses across the country.
The simple business model is this platform connects students from different domains to a world of opportunities across the globe. The company has tie-ups with various multinational companies for a different post. Students just need to register themselves on this platform and become eligible to be hired by those companies.
Unstop earns revenue from the courses they sell. All the registrations are free for both companies and students. Other than that, they have plans for organizers. You can visit this link for more details https://unstop.com/pricing for more pricing details.
Unstop-Funding and Investors
You do have companies in the market that have not raised any funding but, is a multi-million worth companies. Unstop has not raised any funding routes yet. The founder recently declined a breaking offer of Rs 5 crore from Amit Jain in Shark Tank India season 2.
It seems like the company is doing quite well without having any funding and investors around the world. But, we hope that the company will soon raise huge funding and have many investors which will make the company on the ‘Unicorn’ list.
Unstop- Revenue and Growth
Not all information about this Edu-HR-Tech company is declared to the public. According to the better India, Unstop has generated $ million in the last year. So, there is a huge revenue being created by the talent and hiring platform.
When there is huge revenue generation we surely can agree on good growth in the business. Unstop already have 5 million+ active users on their platform. The founder recently revealed, that his company is looking to grow from 5 to 10 and then to 20 million+ users quickly. They are not planning quite a lot on the revenue side but, on the community side for now.
Unstop- Awards and Recognitions
We all have seen companies and their founders receiving awards and creating recognition. But, Unstop is creating awards and recognition for students on their platform.
The company generates on Dare2Compete awards in different categories for students. Some of them are the following:-
- D2C Competitive Leaders 2022
- D2C Competitive Colleges 2022
- D2C Prestigious Competitions
- D2C Popular College Festivals 2022
Unstop Competitors
A business is nothing without a competitor in the market. When a company like Unstop have established soon they will have ample competitors in the market. Now, some of the competitors of Unstop are the following-
- Jobvite
- Beamery
- Workstream
- iCIMS
- Blackboard Learn
Unstop- Challenges Faced
Entrepreneurs become entrepreneurs when they face challenges. Similarly, Unstop became one of the most successful Ed-HR-Tech companies by facing challenges. The journey of becoming what they are today was surely not easy.
One of the major challenges faced by Unstop was innovation. Coming out with something unique and highly soluble in the market was tough. During the company’s initial days, Unstop was limited to college reach. They couldn't get as many students as per the requirement.
According to Ankit Aggarwal, he told the hardest one was to overcome the fear of anything by going solo. If you are working solo you surely face lots of challenges and hard times in your life.
Unstop- Future Plans
The future plans of any company including Unstop will be to grow immensely in the global market. It is its mission and vision to expand its reach to as many people as possible.
We can agree on the thinking of the founder of Unstop. Denying a big deal on Shark Tank India means Ankit has strong future plans for his company.