News Worms
News Worms


IKEA Group signs agreement to acquire TaskRabbit

IKEA Group signs agreement to acquire 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.

In yet another surprising union of traditional retail and the tech world, IKEA has reportedly snapped up the on-demand service TaskRabbit, Recode reports. The company said in a statement that TaskRabbit services could eventually be extended globally.

The deal has TaskRabbit starting off helping USA and United Kingdom -based customers, but Ikea said that it could eventually add TaskRabbit support in some of the other 27 countries where the home goods giant operates.

The company could soon make it easier to hire someone to do it for you.

"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", said Jesper Brodin, Ikea's chief executive, in a release. In the communities in which we operate, TaskRabbit provides strong economic impact.

Ikea owns and operates 357 stores in 29 countries, the company said. Depending on the outcome of the lawsuit Lawson v. Grubhub, now underway in San Francisco, TaskRabbit and Ikea may soon have to shell out big money to provide their Malm-assemblers with health insurance and unemployment.

Financial terms of the deal are unknown, but TaskRabbit has previously raised $38 million from investors like Founders Fund, First Round, Floodgate and others. TaskRabbit, which is now profitable, will also be able to strike other partnerships, such as one it already has with Amazon.

Beginning today, online shoppers who need help with handyman tasks, furniture assembly and product installation can view and compare Taskers' ratings, reviews and prices before directly hiring them.

follow

editors' picks

September 29, 2017
'Tourism unaffected' as 134000 flee Bali volcano threat
It last erupted in 1963, spewing ash, gas, rock and miles of lava, killing more than 1,100 people and destroying numerous homes. A cloud of smoke from Manaro Voui volcano is seen on Vanuatu's northern island Ambae in the South Pacific, September 25, 2017.

September 29, 2017
Pitbull lends private plane for Hurricane Maria cancer patients
Denying he was preoccupied by his feud with the National Football League, Trump said Tuesday, "I have plenty of time on my hands". A waiver would allow Puerto Rico to get help not only from USA ships but from any ships that can bring aid.

September 29, 2017
Fistfight breaks out in Ugandan Parliament
Kizza Besigye, Museveni's main political rival, has often been detained, put under house arrest and even charged with treason. Uganda's ruling party enjoys an overwhelming majority in the national assembly and the bill is expected to pass.

September 28, 2017
The Exact Jeans Meghan Markle Wore to the Invictus Games
About 550 competitors from 17 countries are slated to compete in 12 sports over the next week. The couple held hands and watched a wheelchair tennis match at the Invictus Games in Toronto .

September 28, 2017
Justin Timberlake finalizing deal to perform at Super Bowl 52
According to the report, Timberlake is set to perform solo with no surprise performers now set to appear alongside. Lady Gaga performed at last year's Super Bowl halftime show after Adele revealed that she turned down the offer.

September 28, 2017
Hafiz Saeed a liability to nation: Pak Minister
Pakistan wanted to normalise the relation with India through talks but New Delhi did not reciprocate, he said. He also did not specify whether there was a specific offer to swap Jadhav for the terrorist.

September 28, 2017
China buys N Korean coal before United Nations deadline
The US leader has since played up his personal ties with Mr Xi, even while criticising China over North Korea and trade. The UN sanctions target North Korean exports of seafood, textiles and coal, and limit its imports of oil.

September 28, 2017
Rapper Young Dolph Shot In Hollywood, Critically Wounded
Rap figure Young Dolph has been shot multiple times in Los Angeles and is now in hospital, according to various media reports . A gold Cadillac Escalade that was seen heading away from the shooting scene was found abandoned nearby, police say.

September 28, 2017
President Trump Holds a Joint Press Conference With Prime Minister of Spain
Catalonians are set to vote in a referendum on Sunday October 1 which the Spanish government has declared to be illegal. Prime Minister Rajoy said: "Like the United States, we have suffered attacks of jihadist terrorism in our territory".

September 28, 2017
Double the fun: Twitter unveils 280-word character limit
That is about to change with Twitter announcing that it is increasing the character limit increase to 280. Rosen insists Twitter is still about brevity, and "that is something we will never change".