# Pilani Experts Technology Labs Pvt.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/pilani-experts-technology-labs-pvt

- Industry: Internet
- Headquarters: Bangalore, India
- Website: www.tapchief.com
- Total disclosed funding: $2M
- Latest round: Series A (Jul 10, 2019)
- Investors on record: 8

## About

Based in India, Pilani Experts Technology Labs Pvt. Ltd. provides a digital platform that connects solopreneurs with businesses seeking specialized project-based talent, facilitating flexible work solutions.Pilani Experts Technology Labs Pvt. Ltd. operates under the brand TapChief, which specializes in connecting independent professionals with companies looking for specific skills. Founded in 2016 in Bangalore, India, the company has raised INR 95.70 mn through its Series A funding round, led by Blume Ventures, with a total of INR 95.70 mn raised to date. The firm has completed 6 deals with its most recent deal on February 16, 2021, when it was acquired by Sorting Hat Technologies Private Limited.TapChief specializes in enabling solopreneurs and modern professionals through a digital platform that connects them with businesses seeking to hire talent for specific projects. The company’s core offerings include a marketplace that facilitates collaboration between independent professionals and organizations looking for specialized skills. Released in 2016, TapChief has served over 150,000 solopreneurs, providing them with opportunities to engage with more than 250 clients across various sectors, primarily focusing on markets in India and expanding its reach to other emerging markets across Asia and beyond.In 2023, TapChief reported a revenue of INR 3,282,680.60 and an EBITDA of INR -11,683,382.30. The revenue model is primarily driven by transaction-based engagements between solopreneurs and clients, where businesses pay for access to the talent pool available on the platform. TapChief has facilitated over INR 2 crore in income for its users, emphasizing the financial viability of its platform.TapChief has plans to innovate its offerings by developing new products aimed at enhancing user experience and expanding its services. The company seeks to penetrate additional markets in Asia by 2024, leveraging its recent funding to support these initiatives. The capital raised in the Series A round will be utilized for product development and market expansion efforts. The recent acquisition by Sorting Hat Technologies Private Limited may also open further avenues for scaling operations and enhancing service delivery.

## Funding rounds

- Series A, Jul 10, 2019, $1.4M — Blume Ventures
- Seed, Jun 26, 2019, $0.7M — Paytm, 500 Global, Stanford Angels & Entrepreneurs, AngelList, SucSEED Venture Partners, NuVentures
- Seed, Jun 1, 2019 — SenseAI Ventures

## Investors

- SenseAI Ventures (https://capitalatlas.ai/funds/senseai-ventures) — Seed
- Paytm — Seed
- 500 Global (https://capitalatlas.ai/funds/500-global) — Seed
- Stanford Angels & Entrepreneurs (https://capitalatlas.ai/funds/stanford-angels-entrepreneurs) — Seed
- AngelList — Seed
- SucSEED Venture Partners (https://capitalatlas.ai/funds/sucseed-venture-partners) — Seed
- NuVentures (https://capitalatlas.ai/funds/nuventures) — Seed
- Blume Ventures (https://capitalatlas.ai/funds/blume-ventures) — Series A