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Edtech unicorn Unacademy, has acquired TapChief, a leading professional networking and future of work platform. As part of the deal, Unacademy, which is backed by SoftBank and Facebook, will acquire a majority stake in TapChief, and enable the exit of all existing investors. Post the acquisition, TapChief will join the Unacademy Group with a valuation of Rs 100 crore. “Our endeavour at Unacademy has always been to democratise education and make learning accessible and affordable for everyone,” said Gaurav Munjal, co-founder and CEO, Unacademy Group. “TapChief shares a similar ethos in a different space, as evident from the open community of professionals and learners they’ve created.”
Amazon is launching Amazon Academy to cater to students preparing for the JEE (Joint Entrance Examination) for entrance to engineering colleges. The move would enable it to take on top edtech companies such as Byju’s, Unacademy, Vedantu and traditional education institutes and tap country’s $180-billion education sector which has gone online to adapt to the new reality. The online preparation offering will equip students with in-depth knowledge and practice routines required for the JEE, through curated learning material, live lectures and comprehensive assessments in Math, Physics and Chemistry. The beta version of Amazon Academy will be available free of cost on the web and the Google Play store