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TaskRabbit exploring sale (ReCode)

April 10, 2017

TaskRabbit is exploring a sale after the company received inbound interest from a strategic buyer, CEO Stacy Brown-Philpot confirmed. Recode reports it contacted the company after hearing of the talks from sources, as well as TaskRabbit’s hiring of Bank of America Merrill Lynch as an adviser, which came as the San Francisco-based on-demand chore service was in the process of raising another round of funding. “It’s opportunistic,” Brown-Philpot said in a brief interview with Recode, in which she declined to provide more details about the process. There is now more than one buyer interested, sources said.