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Unacademy acquires TapChief to help students get their dream jobs – its seventh acquisition in the last one year
Unacademy acquires TapChief to help students get their dream jobs – its seventh acquisition in the last one year
Sanchita DashFeb 16, 2021, 15:48 IST
BCCL
The deal valued TapChief at ₹100 crore, with all investors getting an exit and the entire team will be joining Unacademy.
TapChief founded in 2016 by BITS Pilani Alumni, Shashank Murali, Binay Krishna, and Arjun Krishna, helps students and professionals interact with experts and also work with them.
In September 2020, Unacademy entered the unicorn club and further raised funding in November at a valuation of over $2 billion.Indian edtech unicorn Unacademy today announced that it is acquiring a majority stake in TapChief, a Bengaluru-based professional networking startup. The deal valued TapChief at ₹100 crore. All of TapChief investors, including Paytm’s Vijay Shekhar Sharma, CRED’s Kunal Shah, Blum
Synopsis
TapChief is Unacademy’s seventh acquisition in the past 12 months, and will enable the edtech startup to build Unacademy Pro.
SoftBank-backed edtech startup Unacademy has acquired TapChief, an online platform for professionals to earn incomes without full-time jobs.
As per the deal, Unacademy will pick up a majority stake in TapChief, ascribing it a valuation of Rs 100 crore and providing an exit to existing investors. TapChief had
raised a total of about $2.2 million from investors like Blume Ventures, Paytm, 500 Startups and angel investors like Cred founder Kunal Shah, Udhyam founder Mekin Maheshwari, and Slideshare founder Amit Ranjan.
This acquisition will enable the edtech startup to build Unacademy Pro, a platform which helps you become a Pro and get your dream job , Unacademy Group co-founder Gaurav Munjal said on Twitter without disclosing any further details.
Indian edtech unicorn Unacademy buys networking platform TapChief
(From left to right) Unacademy Founders Roman Saini, Gaurav Munjal and Hemesh Singh
February 16, 2021
Edtech unicorn Unacademy has acquired networking platform TapChief at a ₹100 crore valuation. This is its sixth acquisition in the last one year.
TapChief is a professional networking and future-of-work platform which enables professionals to learn, network and win short-term projects. As part of the deal, Unacademy will acquire a majority stake in TapChief and enable the exit of all existing investors.
The company did not disclose the deal value.
“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,” said Gaurav Munjal, Co-Founder and CEO, Unacademy Group.