Unacademy announced the acquisition of TapChief, a leading professional networking and future of work platform. As part of the deal, Unacademy will acquire a majority stake in TapChief, and enable the exit of all existing investors.
Post the acquisition, TapChief will join the Unacademy Group with a valuation of Rs. 100 Crores.
TapChief leverages a host of technology solutions to empower professionals to interact and learn from experts, work with businesses from across the world, and aggregate their personal brand online. TapChief has 150,000+ registered professionals, who use the platform to collaborate with a host of experts from their chosen domains and take up short-term professional projects.
Gaurav Munjal, Co-Founder and CEO, Unacademy Group, said, “Our endeavour at Unacademy has always been to democratise education and make learning accessible and affordable for everyone. TapChief shares a similar ethos in a different space, as evident from the open community of professionals and learners they’ve created. Shashank and his team have delivered promising results in a short span of time and I am delighted to welcome the TapChief team to the Unacademy Group.”
Founded in 2016 by BITS Pilani Alumni, Shashank Murali, Binay Krishna, and Arjun Krishna, TapChief caters to over 150+ enterprise customers across sectors such as Education, FMCG, E-Commerce, Enterprise SaaS, Upskilling, among others. Professionals on TapChief have completed over 50,000+ gigs for Fortune 500 Companies, Unicorns, Venture-backed Startups and SMBs in India.
Shashank Murali, Co-Founder and CEO, TapChief, said, “TapChief’s mission has been to empower the modern Indian professional with access to a wide array of opportunities that enhances their career and growth. Starting from college as undergraduate students to becoming a part of one of India’s best-known Unicorns has been a dream come true for a young team like ours. We are excited to learn from the Unacademy team and carry forward our mission at a greater scale and fervour as part of the Unacademy Group.”