Edtech unicorn Unacademy announced that it is acquiring a majority stake in TapChief, a professional networking startup. The deal valued TapChief at ₹100 crore. This is the seventh acquisition by Unacademy in the last one year.
Post acquisition, TapChief’s investors that include Paytm’s Vijay Shekhar Sharma, CRED’s Kunal Shah, Blume Ventures among others, will be exiting the company and the entire team will be joining Unacademy.
Founded in 2016 by BITS Pilani Alumni, Shashank Murali, Binay Krishna, and Arjun Krishna, TapChief helps students and professionals interact with experts and also work with them. The company claimed that professionals on the platform have completed “over 50,000 gigs for Fortune 500 Companies, Unicorns, Venture-backed Startups and SMBs in India”.
“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 in a statement.
“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,” he said on Twitter.
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