In the digital age, convenience is king. With the rise of the gig economy, platforms that connect consumers with service providers have become increasingly popular. One such platform is TaskRabbit, a mobile marketplace that matches freelance labor with local demand. This article will delve into the background of TaskRabbit, its founders, revenue, and more.

Background of TaskRabbit

TaskRabbit was founded in 2008 by Leah Busque. The idea was born out of a need for convenience when Busque realized she was out of dog food and wished there was a way to pay someone to do the task for her. This led to the creation of TaskRabbit, a platform that connects people who need tasks done with “Taskers” who are willing to do them.

The Founders

Leah Busque is the primary founder of TaskRabbit. She is a former software engineer at IBM and holds a degree in Mathematics from Sweet Briar College. Busque served as the CEO of TaskRabbit until 2016. Kevin Busque, Leah’s husband, also played a significant role in the company’s early stages. He served as the VP of Technology until 2013.

TaskRabbit’s Business Model

TaskRabbit operates on a service marketplace model. Users post tasks they need done, and Taskers bid to complete these tasks. TaskRabbit makes money by charging a service fee on each task completed. This fee is typically 15% of the total price of the task.

Acquisition by IKEA

In 2017, TaskRabbit was acquired by IKEA, the Swedish furniture giant. This acquisition allowed IKEA to offer assembly services to its customers, a task that many find daunting. TaskRabbit continues to operate independently but is now a subsidiary of IKEA.

Revenue and Growth

While TaskRabbit does not publicly disclose its revenue, it is estimated to have generated around $140 million in gross merchandise volume in 2017. The company has seen significant growth since its inception, with over 60,000 Taskers and services available in more than 50 cities across the United States, the United Kingdom, and Canada.

Impact of TaskRabbit

TaskRabbit has had a significant impact on the gig economy. It has provided a platform for individuals to earn income by offering their skills and services. It has also provided convenience for consumers, allowing them to outsource tasks they don’t have the time or ability to do themselves. TaskRabbit has also influenced other companies, like IKEA, to incorporate gig economy services into their business models.

In conclusion, TaskRabbit is a pioneer in the gig economy, providing a platform for individuals to offer their services and for consumers to find help for tasks. From its humble beginnings to its acquisition by IKEA, TaskRabbit has shown significant growth and continues to impact the way we think about work and convenience. Whether you need help assembling furniture, cleaning your home, or running errands, TaskRabbit offers a solution that is reshaping the service industry.

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Alex likes to write about anything related to technology, marketing and gadgets. He sometimes reviews the latest tech and also writes on other blogs.