Gig platform TapChief raises $650K in funding led by 50+ investors
TapChief, a platform for professionals to earn incomes without a full-time job, has raised a funding round of $650K from 50+ investors including SEA-based VC Firm 500 Startups, AngelList India, Stanford Angels, and SucSeed Venture Partners.
Existing investors Paytm, NuVentures, Aprameya Radhakrishna (Founder, Vokal & TFS) also participated in the round alongside a number of marquee angel investors like Kunal Shah (Founder, Freecharge & CRED), Mekin Maheshwari (ex-CPO, Flipkart) and Amit Ranjan (Founder, Slideshare).
Other prominent angels in the round includes, Ritesh Malik (Founder, Innov8), Ranjit Radhakrishnan (CPO, BYJU’s), Sachin Oswal (Co-founder, Infibeam), Ashish Tulsian (Founder, POSist), Natarajan R (CFO, RNT Capital), Praful Thachery (CIO, BigBasket), Satyen Kothari (Co-founder, CitrusPay & Cube), Neeraj Sagar (Partner, Egon Zehnder), Paula Mariwala (President, Stanford Angels & Former Partner, Seedfund).
Founded in 2016 by Shashank Murali, Binay Krishna, and Arjun Krishna, TapChief pivoted from an online advice platform to a full-stack future of work platform in mid-2017. It claims to have over 75000+ professionals using its platform to aggregate their personal brand online, learn from experts and work with businesses on gigs. TapChief, as a concierge, enables both sides through an array of proprietary technology solutions to manage everything from discovery to payments.
TapChief works actively with various businesses today, which includes Fortune 500s like Unilever, Deloitte and growth-stage startups like Redbus, UpGrad, and Dunzo. These gigs could range anywhere from 60 minutes to six months, with technology being the biggest category for the company followed by content, brand strategy, and emerging technologies.
Shashank Murali, Co-founder & CEO at TapChief stated, “An increasing number of highly-skilled professionals want the freedom to work on challenging problems and teams without a full-time job. We are de-risking the concept of remote independent work by creating thousands of solopreneurs who help businesses achieve key objectives every day. Bringing on such accomplished partners will serve to help our cause in this journey of changing the way India works.”
WIth a team-size of 35 based in Bengaluru currently, the startup will use the funds to expand the team and accelerate product development. The company also aims to add a million professionals and drive over $10 Mn in earnings this year.