About Taskmo
Taskmo is a company based in Bengaluru (India) founded in 2015 by Naveen Ramachandran and Prashant Janadri was acquired by Quess in April 2024.. Taskmo has raised $1.91 million across 3 funding rounds from investors including Quess. The company has 45 employees as of March 31, 2024. Taskmo operates in a competitive market with competitors including Awign, smartstaff, Vahan, Workex and PickMyWork, among others.
- Headquarter Bengaluru, India
- Employees 45 as on 31 Mar, 2024
- Founders Naveen Ramachandran, Prashant Janadri
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Sectors
Technology
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Email
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Phone
*********
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Website
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Social
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- Legal Name Stellarslog Technovation Private Limited
- Date of Incorporation 08 Dec, 2015
- Jurisdiction Bangalore South, Karnataka, India
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Annual Revenue
$2.31 M (USD)62.91as on Mar 31, 2023
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Net Profit
$-1.1 M (USD)-49.87as on Mar 31, 2023
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EBITDA
$-811.35 K (USD)-12.26as on Mar 31, 2023
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Total Equity Funding
$1.91 M (USD)
in 3 rounds
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Latest Funding Round
$507.65 K (USD), Series A
Apr 07, 2022
- Investors
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Employee Count
45
as on Mar 31, 2024
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Acquired by
Quess
(Apr 04, 2024)
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Funding Insights of Taskmo
Taskmo has successfully raised a total of $1.91M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $507.65 thousand completed in April 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series A — $507,648
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First Round
First Round
(28 Jan 2021)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2022 | Amount | Series A - Taskmo | Valuation | Quess |
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| Jun, 2021 | Amount | Debt – Conventional - Taskmo | Valuation |
investors |
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| Jan, 2021 | Amount | Series A - Taskmo | Valuation | Quess |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Taskmo
Taskmo has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Quess. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Provider of outsourcing and business services
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Taskmo
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Taskmo
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Taskmo Comparisons
Competitors of Taskmo
Taskmo operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Awign, smartstaff, Vahan, Workex and PickMyWork, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
On-demand internships are offered via a cloud-based platform across industries.
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| domain | founded_year | HQ Location |
Provider of workforce management platform for blue collar employee lifecycle management
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| domain | founded_year | HQ Location |
AI-powered recruitment and staffing for blue-collar workers are provided.
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| domain | founded_year | HQ Location |
Platform for recruitment, staff management, and payroll automation
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| domain | founded_year | HQ Location |
Gig employee hiring platform
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Taskmo
Frequently Asked Questions about Taskmo
When was Taskmo founded?
Taskmo was founded in 2015 and raised its 1st funding round 6 years after it was founded.
Where is Taskmo located?
Taskmo is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Taskmo?
Prashant Janadri is the current CEO of Taskmo. They have also founded this company.
Is Taskmo a funded company?
Taskmo is a funded company, having raised a total of $1.91M across 3 funding rounds to date. The company's 1st funding round was a Series A of $1.4M, raised on Jan 28, 2021.
How many employees does Taskmo have?
As of Mar 31, 2024, the latest employee count at Taskmo is 45.
What is the annual revenue of Taskmo?
Annual revenue of Taskmo is $2.31M as on Mar 31, 2023.
What does Taskmo do?
Founded in 2015 in Bengaluru, India, Taskmo operates as a gig marketplace for multi-industry staffing. Companies are connected with pre-screened temporary and part-time workers through its platform, which includes features such as KPI analysis, AI-based training, geo-based task routing, and daily insights. Services focus on sectors like e-commerce, food tech, and retail, with worker skills assessed for role suitability.
Who are Taskmo's investors?
Taskmo has 1 investor. Key investors include Quess.
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