Overview

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.

Simplify's Take

What believers are saying

• Acquisition of Dolly expands Taskrabbit's local moving and delivery services.
• Partnership with Arcade1Up taps into the growing home entertainment market.
• Collaboration with Robinhood offers retirement savings options for gig workers.

What critics are saying

• Increased competition from new gig economy platforms may dilute market share.
• Integration challenges from Dolly acquisition could affect service quality.
• Reliance on same-day service may strain operational capabilities during peak demand.

What makes Taskrabbit unique

• Taskrabbit offers same-day service, appealing to clients needing immediate assistance.
• The platform connects clients with skilled Taskers for various household and personal tasks.
• Taskrabbit's Happiness Pledge ensures customer satisfaction and prompt issue resolution.

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Funding

Total Funding

$36.6M

Below

Industry Average

Funded Over

5 Rounds

Notable Investors:

Lightspeed Venture PartnersFounders FundFirst Round Capital

Notable Investors:

Lightspeed Venture PartnersFounders FundFirst Round Capital

$13,000,000

Series C

Jul 2012

Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.

Series C Funding Comparison

Below Average

Industry standards

Ind Avg. $50M

$13M

$16M

$40M

$50M

$62M

$100M

View all funding stages