Aussie Errands Marketplace Airtasker Gets $1.5M Funding Two Months after Launch
An Aussie start-up allowing users to outsource a wide variety of tasks has been granted $1.5 million in funding, Sydney Morning Herald reports.
"Get it done," is the tag line of the start-up firm Airtasker, which advertises odd home chores and work support activities among other errands and things-to-do for a price.
With its new funding, Airtasker could expand services and even go outside Australia. In the website, one can either post a task or apply as a runner.
One user in Melbourne hast put up $20 for the task of dismantling and taking away a trampoline; another user advertised a fee of $50 for jailbreaking iPad 1 and iPhone 4, and another one is willing to pay $60 to someone who will clean their house.
The website brings to mind Craigslist, except Airtasker is more casual and straightforward in its approach. It has almost 2,000 followers on Facebook and only 200 on Twitter.
Launched in February, Airtasker has cashed in on publicized launches of the latest gadgets, with one runner getting paid $950 for camping out to buy the new iPad.
"We wanted to make our business model a win-win for everyone in the community," founder and CEO Tim Fung told the Herald.
Mr Fung had an epiphany while trying (and failing) to assemble IKEA furniture. If there was a place online where he could find a 'go to' person for IKEA projects and other tasks, he would not have to waste time doing things on his own. He presented the idea to investors with co-founder Jonathan Lui.
Within two months, they raised sufficient funding to build the website and get the marketplace active and operational.
Posting a task is free at Airtasker, but the firm charges $2 plus five per cent of the task's value to the Runner once they complete a task.
"We're totally aligned with our community members as we only ever make money when they make money," Mr Fung said.
The Herald reported Airtasker has enjoyed steady growth since its launch in February, listing over $30,000 worth of jobs in its first seven weeks.