EDTECH UNICORN UNACADEMY MAKES ITS SIXTH ACQUISITION
NEW DELHI: Edtech unicorn Unacademy said it has acquired Tapchief for a valuation of ₹100 crore in its sixth acquisition till date. Tapchief is a networking and future-of-work platform that enables professionals to learn, network and win short-term projects. Unacademy will acquire a majority stake in Tapchief and enable the exit of all existing investors.
The deal value was not disclosed.
“Our endeavour at Unacademy has always been to democratize 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. I am delighted to welcome the Tapchief team to the Unacademy Group,” said Gaurav Munjal, co-founder and chief executive officer (CEO), Unacademy Group.
Tapchief will be leveraged to build Unacademy Pro, “a platform that helps you become a pro and get your dream job,” Munjal said on Twitter.
“Unacademy started by levelling the playing field for students who can’t travel to Kota, Delhi and other cities by getting them access to these educators and highest quality content for a fraction of the cost. And now it’s time for us to help students get their dream jobs by getting them the best education and access to top companies which they are not getting. This is the reason we are acquiring @tapchief,” Munjal tweeted.
Bengaluru-based Tapchief uses technological solutions to help professionals interact and learn from experts, work with businesses from across the world and aggregate their personal brand online.
Tapchief claims to have more than 150,000 registered professionals who use the platform to collaborate with experts from their chosen domains and take up short-term professional projects.
Founded in 2016 by BITS Pilani alumni Shashank Murali, Binay Krishna and Arjun Krishna, Tapchief caters to more than 150 enterprise customers across sectors such as education, e-commerce, enterprise Saas, and fast-moving consumer goods.
THE COMPANY HAS NOW TAKEN OVER NETWORKING FIRM TAPCHIEF FOR A VALUATION OF ₹100 CRORE