Shark Tank India raises stakes; Amit Jain turns down Unstop's offer

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Shark Tank India raises stakes; Amit Jain turns down Unstop's offer

Shark Tank India, which is in its second season, has raised the stakes in terms of deal sizes. Shark Amit Jain Founder of CarDekho Group recently turned down the start-up's offer to HR tech platform Unstop, which turned down the biggest offer in the history of the show. The founder refused to dilute that much, after Jain offered them a Rs 5 crore-cheque in exchange for 10 per cent equity. After rounds of negotiations and counteroffers, Unstop settled for a 2 crore offer in exchange for 4 per cent equity. Amit Jain, Aman Gupta, Anupam Mittal and Namita Thapar were among the four sharks who joined the cap table. Vineeta Singh was the only shark that opted out of the deal, citing conflicts of interest. We are thrilled to have received an offer of Rs 5 crore on Shark Tank India, but we settled for a smaller sum due to the lesser equity dilution and more sharks on the cap table. Ankit Aggarwal, Founder of Unstop, shared with Business Today.

This is a testament to the success of Unstop and the potential it has for continued growth. He said that our mission is to help talented individuals from untapped corners of India find the right opportunities and succeed in their careers.

Unstop is an early talent engagement and hiring platform that connects students and young professionals with employers and brands looking to hire fresh talent. The start-up claims to have a community of over 4.5 million students, freshers, and early professionals on its platform. Its full-stack platform helps companies find, assess, and recruit suitable candidates in quick time.