Unacademy Takes Over 'future-of-work' Platform TapChief

The Edtech startup Unacademy has announced that it has signed a deal to acquire TapChief, a professional networking and ‘future-of-work’ platform. The deal is estimated to value about Rs.100 crore.

As part of the deal, Unacademy would acquire a majority stake in TapChief, and would make way for the exit of all existing investors. However, post the acquisition, TapChief will join the Unacademy Group.

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.

In a statement, 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.”

It claims to have around 1.5 lakh registered professionals, who use the platform to associate with a host of experts from their chosen domains and take up short-term professional projects.

TapChief has been established in 2016 by Birla Institute of Technology and Science (BITS) Pilani alumni, Shashank Murali, Binay Krishna, and Arjun Krishna. It caters more than 150 enterprise customers across sectors such as education, FMCG, e-commerce, enterprise SaaS, upskilling, amongst others.

Gaurav says, “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.”

According to the company, the professionals on TapChief have completed more than 50,000 gigs for Fortune 500 companies, unicorns, venture-backed startups and SMBs in India.