Company:Airtasker
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| Type of business | Privately held company |
|---|---|
Type of site | Community Marketplace |
| Founded | 2012 |
| Headquarters | Sydney, New South Wales, |
| Country of origin | Australia |
| Area served | Australia |
| Founder(s) | Tim Fung, Jonathan Lui |
| Chairman | James Spenceley |
| CEO | Tim Fung |
| Employees | 120 |
| Website | www |
| Users | 1,700,000 |
| Launched | 2012 |
Airtasker is a Sydney-based Australia n company which provides an online and mobile marketplace enabling users to outsource everyday tasks.[1] Users describe the task and indicate a budget, community members then bid to complete the task.[2]
Airtasker was founded in 2012 by Australian entrepreneurs Tim Fung and Jonathan Lui[3] and has raised AUD $3.5 million to date.[4]
History
The idea behind Airtasker was conceived in 2011 when co-founders Tim Fung and Jonathan Lui were moving apartments and realised many of the jobs that had to be done could be outsourced to other people.[5] At the time, Tim and Jonathan were working as part of the founding team of mobile startup Amaysim and understood the potential in the local, mobile economy.[6] The team successfully raised AUD $1.5 million two months after launch and began expanding its offering to cater for businesses as well as individuals.[7]
The company acquired local Australian rival TaskBox for an undisclosed sum in February 2013.[8]
Airtasker announced a partnership with Australian jobs listing website CareerOne in July 2013 which gave the platform further exposure to the casual jobs market.[9] By late 2013 Airtasker had closed a second round of funding raising a further AUD $2 million, bringing total investment in the company to AUD $3.5 million and valuing it at $10 million.[10]
Bidding process
The Airtasker process begins when a user posts a job they need completed, setting a suggested payment as well as any details needed to make a decision. Other users can post their interest in completing the task along with their own suggestion on the payment amount. The user who posted the task can make a decision on whom to award the task based on the applicant's profile, task history and ratings. Once this decision is made, the Airtasker platform allows private communication and payment to be made between the parties.[11] It is free for users and applicants to join Airtasker; however, once a task is successfully completed and paid, there is a 22% commission charged to the applicant per task.[12]
Investment and results
Airtasker raised AUD $1.5 million, acquired 45,000 users and processed AUD $1 million in Australian jobs by April 2012 (two months after launch).[13] By November 2013 the company had raised a further AUD $2 million for a total of $3.5 million in funds raised,[14] valuing the company at AUD $10 million.[15]
References
- ↑ Angus Kidman (21 February 2012). "Airtasker Lets You Outsource Your Entire Life". Lifehacker Australia. http://www.lifehacker.com.au/2012/02/airtasker-lets-you-outsource-your-entire-life/. Retrieved 2014-01-24.
- ↑ Hanlon, Joseph (2012-03-01). "Airtasker: like eBay for odd jobs - Internet Applications & Software". Cnet.com.au. http://www.cnet.com.au/airtasker-like-ebay-for-odd-jobs-339332826.htm. Retrieved 2014-01-24.
- ↑ James Manning (April 19, 2012). "Airtasker | Tasks for Money at Australian Tech Start Up". Sydney Morning Herald. http://www.smh.com.au/technology/technology-news/aussie-startup-in-15m-funding-win-just-two-months-after-launch-20120418-1x6vx.html. Retrieved 2014-01-24.
- ↑ "Airtasker snags $2 million in funding round". Techworld. 2013-11-26. http://www.techworld.com.au/article/532824/airtasker_snags_2_million_funding_round. Retrieved 2014-01-24.
- ↑ "Outsourcing your life". Today.ninemsn.com.au. 2013-04-11. http://today.ninemsn.com.au/videoindex.aspx?uuid=b4153eb3-2143-439b-a6ae-721140e8a6c3. Retrieved 2014-01-24.
- ↑ James Manning (April 19, 2012). "Airtasker | Tasks for Money at Australian Tech Start Up". The Age. http://www.theage.com.au/technology/technology-news/aussie-startup-in-15m-funding-win-just-two-months-after-launch-20120418-1x6vx.html#ixzz1sSSYahWb. Retrieved 2014-01-24.
- ↑ Falconer, Joel (2012-11-08). "Australian Startup Airtasker Launches Business Service". Thenextweb.com. https://thenextweb.com/au/2012/11/08/australian-startup-airtasker-launches-business-service/?fromcat=all#!rbxBz. Retrieved 2014-01-24.
- ↑ "Airtasker acquires local rival TaskBox". Business Spectator. 2013-02-07. http://www.businessspectator.com.au/news/2013/2/7/technology/airtasker-acquires-local-rival-taskbox. Retrieved 2014-01-24.
- ↑ "CareerOne partners with Airtasker to corner casual jobs market". Business Spectator. 2013-07-16. http://www.businessspectator.com.au/news/2013/7/16/technology/careerone-partners-airtasker-corner-casual-jobs-market. Retrieved 2014-01-24.
- ↑ "Aussie startup aims to shake up $20b temp recruitment market". Afr.com. 26 Nov 2013. http://www.afr.com/p/technology/aussie_startup_aims_to_shake_up_aVQ13m0m0LUihJXp9NRYtJ. Retrieved 2014-01-24.
- ↑ "Outsource everyday chores & errands to friendly & reliable Airtaskers". Airtasker.com. http://www.airtasker.com. Retrieved 2014-01-24.
- ↑ http://www.sbs.com.au/news/article/2014/02/20/online-labour-marketplaces-job-insecurity-gone-viral
- ↑ Ian Grayson (April 9, 2013). "For a start, think hard work". The Australian. http://www.theaustralian.com.au/archive/business/for-a-start-think-hard-work/story-fnhnt95z-1226615184395. Retrieved 2014-01-24.
- ↑ Lee, Michael (2013-11-26). "Airtasker more than doubles capital with new investment round". ZDNet. http://www.zdnet.com/au/airtasker-more-than-doubles-capital-with-new-investment-round-7000023607/. Retrieved 2014-01-24.
- ↑ James Hutchinson (26 November 2013). "Aussie startup aims to shake up $20b temp recruitment market". Brw.com.au. http://www.brw.com.au/p/technology/aussie_startup_aims_to_shake_up_aVQ13m0m0LUihJXp9NRYtJ. Retrieved 2014-01-24.
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