Monday, March 1, 2021
Home Education Unacademy Acquires Majority Stake in Future-of-Work Platform TapChief

Unacademy Acquires Majority Stake in Future-of-Work Platform TapChief

EdTech unicorn Unacademy has acquired a majority stake in TapChief, knowledgeable networking and future-of-work platform.

According to a press assertion, the transaction values TapChief at ₹100 crore. As per the deal, Bengaluru-based Unacademy will decide a majority stake in TapChief, offering an exit to all current traders in the corporate. TapChief had raised a complete of about $2.2 million from traders like Blume Ventures, PayTm, 500 Startups, and angel traders like Cred founder Kunal Shah, Udhyam founder Mekin Maheshwari, and Slideshare founder Amit Ranjan.

Commenting on the newest improvement, Gaurav Munjal, Co-founder and CEO, Unacademy Group, mentioned in a press assertion,

“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. 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.”

Gaurav additionally took to Twitter and wrote in a sequence of tweet:

Founded in 2016 by Shashank Murali , Binay Krishna, and Arjun Krishna, TapChief supplies a set of options to assist professionals work together and study from specialists, work with companies from the world over, and mixture their private model on-line.

TapChief claims to have greater than 150,000 registered professionals, who use the platform to collaborate with a bunch of specialists from their respective fields and take up short-term skilled tasks, and over 150 enterprise prospects throughout training, FMCG, e-commerce, enterprise SaaS, upskilling, amongst others.

Speaking in regards to the firm, Shashank Murali, Co-founder and CEO, TapChief, mentioned,

“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 comes 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 fervor as part of the Unacademy Group.”

The TapChief’s co-founder additionally took to Twitter and posted:

Meanwhile, TapChief is Unacademy’s seventh acquisition in the previous 12 months. The EdTech main had earlier acquired Delhi-based on-line examination preparation platform Kreatryx in April final 12 months, CodeChef in June, Chandigarh-based medical prep platform PrepLadder in July, UPSC check prep platform Coursavy in September, and lately NeoStencil in December. The firm had additionally acquired a majority stake in Mastree – a Ok-12 studying platform – in July via a strategic funding of $5 million.

About the Author

Author: Stephen Soulunii

Stephen Soulunii

No extra a scholar, however like to study. Not a instructor, however care about how college students are taught. Not an educator, however need everybody to be educated. Not a social employee, however need to see change. Not a reformer, however all the time need to see a greater world. The creator believes that solely sound training can carry a greater future, higher world and know-how may help obtain lots in this area.

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