Airtasker is gearing for potential float. It has changed lead broker to Morgans. Airtasker is a Sydney-based company to provide an online and mobile marketplace enabling users to outsource everyday tasks usually for smaller volume and quick needs in rang of following services:
Users describe the task and indicate a budget, community members then bid to complete the task. Its kind of freelance but usually cheaper and more focused on all sort of random work. I have used services and find it is reasonable. Revenue modal for Airtasker is to act as guarantor and get commission for each task after job completion. It had raised market for $65 million in venture capital two years ago implying a $250 million valuation. The company became cashflow break even in May last year and had 910,000 paying customers and 140,000 tasker.
It looks attractive based on information I can find. Looking forward to review and feedback from the group.
