Airtasker

From Wikipedia, the free encyclopedia

Type of businessPublic
Type of site
Community marketplace
Founded2012
Airtasker
Type of businessPublic
Type of site
Community marketplace
Traded asASX: ART
Founded2012
HeadquartersSydney, New South Wales,
Country of originAustralia
Area servedAustralia, UK, Ireland, Singapore, United States, New Zealand
Founder(s)Tim Fung, Jonathan Lui
ChairpersonCass O'Connor
CEOTim Fung
Net incomeDecrease $23,536,669 (FY 2018)
Employees175
URLwww.airtasker.com
Users2,000,000
Launched2012

Airtasker is a Sydney-based Australian 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 $65 million, to date, in 2017.[4]

Co-founders Tim Fung and Jonathan Lui devised the Airtasker concept in 2011, when they relocated apartments and realised that many of the related tasks could be outsourced to other people.[5] Funding for the venture was facilitated by existing relationships with investors, forged by Fung and Lui's shared workplace, the mobile start-up Amaysim.[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 rival company TaskBox for an undisclosed sum in February 2013,[8] and the Melbourne-based Occasional Butler in 2014.[9]

Airtasker partnered with Australian jobs listing website CareerOne in July 2013 which gave the platform further exposure to the casual jobs market.[10] 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.[11]

In 2017, Sydney company Freelancer alleged that Airtasker misappropriated confidential information in the usage of the term "Like a boss" in their advertising campaign.[12] Airtasker lodged an opposition to Freelancer's "Like a boss" trademark,[13] which was still in correspondence process with IP Australia in December 2018.

In July 2018, some of Airtasker's Australian data may have been compromised in a Typeform data breach.[14]

In December 2018, the Australian Taxation Office audited Airtasker and requested the repayment of Research and Development rebates.[15]

Bidding process

Investment and results

References

Related Articles

Wikiwand AI