Ikea buys handyman-for-hire service TaskRabbit

Ikea buys handyman-for-hire service TaskRabbit”

TaskRabbit is the gig-economy app for the truly lazy-so lazy, the startup realized, its users would pay a handyman to assemble their Ikea furniture, even though the directions tend to fit on a sheet of paper and the Swedish retailer's products even come packed with a wrench.

TaskRabbit's chief executive, Stacy Brown-Philpot, said the acquisition could help its contractors - known as Taskers - make more money from each job and further expand the company's footprint. Assembling Ikea sofas and other furniture, rides to the airport, trips to the grocery store, house-cleaning and home repairs were all popular requests on its messaging boards in the early days. Companies like Uber Technologies Inc., Instacart Inc., Postmates Inc., Thumbtack Inc. and Handy Technologies Inc. entered the market with more focus and several of these rivals eclipsed TaskRabbit in valuation and popularity.

TaskRabbit had already struck a pilot partnership with Ikea around furniture assembly in the United Kingdom and also had marketed its workers' ability to put together Ikea items in the U.S. and elsewhere. "We will be able to learn from TaskRabbit's digital expertise, while also providing Ikea customers additional ways to access flexible and affordable service solutions to meet the needs of today's customer", Jesper Brodin, president and CEO of Ikea Group, said in a statement. The leadership structure will also remain, with Brown-Philpot continuing her role as CEO.

TaskRabbit has received investments from a number of prominent venture capital firms, including Shasta Ventures, Lightspeed Venture Partners and Founders Fund. The company has struggled in recent years to become profitable. Other countries will follow, the company said.

Like this



29 September 2017
A huge 'Monday Night Football' boosted NFL ratings, despite Trump comments
Some game windows posted double-digit ratings increases, and NFL Network's pregame show grabbed its biggest TV audience ever. This week's game also posted lower initial ratings than weeks one and two, NBC said.

29 September 2017
Phil Mickelson takes hilariously bad selfie with Obama, Clinton and Bush
Jersey City - The Presidents Cup teed off in apt style on Thursday, with former presidents Barack Obama , George W. The PGA Tour was preparing for a visit by President Donald Trump on Sunday, though it has not been confirmed.

28 September 2017
Indonesia welcomes giant pandas on loan from China
In July, Indonesia changed the name South China Sea to North Natuna Sea to show its sovereignty in the waters, prompting criticism from Beijing.

28 September 2017
South Korea expects more provocative acts by North Korea in mid-October
He stressed the transfer of operational control (OPCON) would "lead to a great development of our military's structure and capabilities".

28 September 2017
Suman 39 réplicas del sismo
Mancera agregó luego en Twitter que "la instrucción y prioridad de los equipos de emergencia es continuar con la búsqueda y rescate”.

28 September 2017
'Madman Trump:' North Korea releases violent propaganda video
Speaking in Beijing, Chinese Foreign Ministry spokesman Lu Kang said war on the Korean peninsula would have no victor . General Assembly, Ri revealed that his country is considering testing a hydrogen bomb somewhere over the Pacific Ocean.

28 September 2017
NIS: N. Korea Did not Respond to US Deployment of B-1Bs
The Kremlin's foreign ministry said it is working "behind the scenes" on finding a political solution to the North Korea crisis. It was the first time that the government hosted the ceremony.

28 September 2017
Sweden manager angered by Jose Mourinho and Man United
You are right, he played well last season in the Europa League but last season was last season. I am content and I hope I will be in the team.

28 September 2017
GameStop Will Have SNES Classic Stock Tomorrow; Will Be Limited
Yesterday evening John Lewis also opened SNES Classic Mini pre-orders, with stock avaiable for around 23 minutes. Limited quantities will be available in about 1,000 Best Buy stores across the country.

28 September 2017
High-Performance Electric Vehicles Market by Applications, Types, New Technology - Opportunity Analysis and
The report then analyzes the upstream raw materials, downstream clients, and current market dynamics of Electric Chiller Market . Global Electric Vehicles and Fuel Cell Vehicles market adopts the bottom-up strategy to acknowledge the market value.