Blume Ventures invests $1.5 mn in professional networking startup TapChief
Summary
Bengaluru-based professional networking and consulting platform, TapChief, owned by Pilani Experts Technology Labs, has secured $1.5 million in a seed round from the homegrown investment firm, Blume Ventures. The infusion follows an angel round this year in January that saw TapChief raise $650,000 from investors including Paytm, Kunal Shah, Mekin Maheshwari and 500 Startups among others, the company said in a statement. The company will use the fresh capital to scale its technology, improve existing people management systems and bolster the network of professionals on the platform, added the statement. “Future of Work is a key pillar of our investment thesis with nearly 25% of organisations expected to have more than one-third of their workforce as independent professionals in the next decade. The fundamental concept of the workplace has evolved and at TapChief, a young team has been relentlessly building what we believe is a global proposition from India and we at Blume are proud to be early partners in this rocketship,” said Sanjay Nath, Managing Partner of Blume Ventures, who will also be joining TapChief’s Board of Directors as part of the deal.