A TaskPoster can review and rate the service.

Once the job is completed by the Tasker, the app processes the payment. On the other hand, a Tasker can also either accept or deny the job as per this availability and convenience.Īs soon as TaskPoster is matched with the Tasker, he can chat with his assigned Tasker via the app to provide more details about the task. After a TaskPoster selects from a list of categories and gives the task details, TaskRabbit provides him with a list of available Taskers in his area.Ī TaskPoster can select the one from a list of reviewed and rated Taskers who are available in his area to get the mentioned job done. So, how does TaskRabbit really work? Let’s explore in detail:Ī TaskPoster who needs help with everyday essential errands can post a job on the platform to get started. TaskRabbit works on a peer-to-peer (P2P) business model that provides a platform to connect TaskPosters with reliable and trusted Taskers from their local area who can perform everyday essential errands quickly.

⦁ Assistance for marketing to grow your businessīusiness Model Explained: How TaskRabbit Works?.

⦁ Instant access to wages after the task completion.

⦁ Insurance (up to $1,000,000 for every task).

⦁ A feature to chat with a Tasker via the app.

⦁ An option to choose a Tasker on the basis of reviews and pricing.

⦁ Access to vetted and skilled local Taskers to save time.

⦁ Same-day assistance to perform a wide range of everyday tasks and errands.

Now, let’s have a look below at the unique value propositions it offers to its customer segments. TaskRabbit has completed 4+ million tasks for 1.5+ million people to date.

⦁ People looking for temporary jobs with a flexible schedule.⦁ Those are unemployed and underemployed.⦁ People who want to earn extra money or build a full-time business.⦁ Elderly or crippled people who can’t perform their own errands.⦁ Those who are short on time and always on the go.⦁ People who want help with simple tasks and errands such as home cleaning.TaskRabbit has two key customer segments: TaskPosters and Taskers. ⦁ Number of Funding Rounds: 7 (As Per TaskRabbit’s Crunchbase Profile).⦁ Industry: E-commerce (online marketplace).⦁ Headquarters: San Francisco, California, U.S.TaskRabbit is a two-sided online marketplace that strives to connect “TaskPosters” – people who need immediate help with essential tasks and errands (such as cleaning, home repairs, mounting) with local “Taskers” – who have the requisite skills to do the listed task.įounded by Leah Busque in 2008 and acquired by IKEA in 2017, TaskRabbit is available in over 70 metropolitan areas across 6 countries including the USA, UK, Canada, Germany, France and Spain.īeing a leading same-day service marketplace with a mission “ to make everyday life easier for everyday people”, it provides services across more than 45 categories. ⦁ Interested in Building an App Like TaskRabbit?īefore you dig into its business and revenue model, have a look below at what TaskRabbit is all about and some of the key facts about it.⦁ Revenue Model Explained: How TaskRabbit Makes Money?.⦁ Business Model Explained: How TaskRabbit Works?.⦁ Value Propositions Offered by TaskRabbit.With that, it becomes pivotal for them to delve into the TaskRabbit business model. The unique set of benefits offered by the company to its users has made it one of the ultimate online marketplaces in the gig economy space to inspire entrepreneurs to build their own. TaskRabbit has received funding of $37.7 to date and has tens of thousands of “Taskers” available to serve clients who are in need of help with simple tasks. There are several key players in the gig economy landscape and TaskRabbit is one of them that connects freelancers with potential clients for home-related projects. In 2018, the global gig economy was worth $204 billion and it is projected to reach $455 billion in 2023 at a CAGR of 17.4%. This has resulted in significant growth of the gig economy. Today, the world is witnessing a remarkable transition from traditional and full-time employment to freelancing and independent contracting.

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