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Taskrabbit

Taskrabbit

Marketplace connecting clients with skilled Taskers

About

Taskrabbit connects clients with skilled individuals, called Taskers, who can help with various household and personal tasks. Clients can hire Taskers for chores like cleaning, furniture assembly, home repairs, and running errands. The platform operates as a marketplace where clients post tasks, and Taskers bid on them, offering competitive rates. Taskrabbit charges a service fee on each transaction, which is a percentage of the task's total cost, allowing the company to earn revenue with each completed task. Accessible through a website and mobile app, Taskrabbit emphasizes same-day service for clients needing immediate help. The company also has a "Happiness Pledge" to ensure customer satisfaction and address any issues quickly. Taskrabbit aims to provide a reliable and efficient way for people to get things done, focusing on convenience and quality service in the home services market.

Company Stage

M&A

Employees

1,001-5,000

Industries

Consumer Software, Consumer Goods

Total Funding

$37.7M

Headquarters

N/A

Founded

2008


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Simplify's Take

What believers are saying

  • Strategic partnerships with companies like Arcade1Up and Capri Sun expand Taskrabbit's market reach and service offerings.
  • The collaboration with Robinhood to offer retirement savings options for Taskers adds a unique value proposition for gig workers.
  • Taskrabbit's acquisition by IKEA provides strong financial backing and potential for global expansion.

What critics are saying

  • The gig economy's regulatory landscape is uncertain, which could impact Taskrabbit's business model and operations.
  • Past cybersecurity issues, such as the 2018 DDoS attack, highlight potential vulnerabilities in Taskrabbit's platform.

What makes Taskrabbit unique

  • Taskrabbit's focus on same-day service and a 'Happiness Pledge' sets it apart in the gig economy, ensuring immediate and reliable assistance.
  • The partnership with major brands like IKEA and Robinhood enhances Taskrabbit's visibility and credibility, distinguishing it from other gig platforms.
  • Taskrabbit's mobile app and user-friendly platform make it highly accessible, catering to the growing demand for convenience in home services.

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