Quess Corp increases stake in online gig platform Taskmo to 49%

Quess Corp Limited said that it has increased its stake in Stellarslog Technovation, the owner of the online gig platform Taskmo from 36.58% to 49% through an investment of INR 4 crores.

Following the transaction, Taskmo continues to be an associate of Quess Corp, a Bengaluru-based technological and business services provider.

Taskmo is a digital marketplace for gig workers. Its turnover was INR 1.25 crores in FY 2020-21. The gig workers platform had more than 32,000 users as on 30 September 2021.

The online marketplace is said to utilize a proprietary algorithm for screening, training, deploying, and managing gig workers.

Quess Corp said that the additional stake in Stellarslog Technovation and Taskmo will consolidate its footprint in the digital gig economy and help it to meet the demand for flexible gig workers from existing as well as new clients.