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Quess Corp gets nod to invest in Taskmo

28 Jan 2021 Evaluate

Quess Corp’s board has approved the subscription of 49% equity shares in Taskmo, legal entity name - Stellarslog Technovation, a gig economy start-up for Rs 10 crore, to be invested in multiple tranches. This investment will mark Quess' entry into the digital gig economy and enable it to serve the demand for flexible gig workers from existing and new clients.

Taskmo is a B2B managed marketplace that serves as an on-demand task fulfilment platform for enterprises seeking to outsource task based operations to a distributed network of gig workers. It uses an app and web based proprietary algorithm to train, match and deploy gig workers. The Board of Directors at their meeting held on January 27, 2021 inter-alia, considered and approved the same.

Quess Corp is one of India’s leading integrated business services providers focused on emerging as the preferred partner for handling end-to-end business functions of its clients.

Peers
Company Name CMP
SIS 422.30
Quess Corp 356.75
TeamLease Services 1186.65
Bluspring Enterprise 134.40
BLS Internatl. Serv. 228.00
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