Edtech major Unacademy has acquired majority stakes in the Bengaluru based online platform for professionals Tapchief which will enable them to move forward with their plan to create more job opportunities for the professionals.
The flourishing edtech startup which is backed by SoftBank, ascribes stakes to the evaluation of Rs 100 crore,providing an exit to existing investors.
“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 have created.” said Unacademy Group Ceo-founder Gaurav Munjal.
This deal will allow the startup to build UnacademyPro, a platform that will help professionals find their dream job.
"We think that we have a chance to disrupt the entire higher education system. It starts by creating outcomes" Munjal said.
Founded in 2016 by Shashank Murali, Binay Krishna, and Arjun Krishna, TapChief provides a suite of answers to help professionals interact and learn from experts, work with businesses from across the world, and aggregate their personal brand online.
It claims to have more than 150,000 professionals on its platform, who have completed over 50,000 gigs for customers ranging from Fortune 500 Companies to startups and small businesses in India.
With TapChief being the seventh acquisition by Unacademy in the past 12 months, it will Unacademy to build a platform that can provide outcomes to the skilling services that Unacademy offers. For TapChief, it means an opportunity to further its mission of empowering Indian professionals with access to a wide array of opportunities that enhances their career and growth.