Photo - Co-Tasker GmbH
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Co-Tasker GmbH

Get help and make money instantly.

Germany
Market: Internet and IT, Services, Mobile applications
Stage of the project: Prototype or product is ready

Date of last change: 15.12.2019
Min investment
$  200.000
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Total required
$ 380.000
Rating
equalizer из 1000
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Idea

Co-Tasker is a community platform and task marketplace, that connects people, who need to outsource their tasks to local Taskers, who want to help and earn money.

Current Status

Product ready

Market

Co-Tasker’s target market specifically are immigrants, refugees, students and OAPs however, we want to give the chance for everyone to get help like a local and have the opportunity to make money no matter their personal situation. Whether that’s a Father who needs to support his income with extra tasks in the evening or weekend, or a pregnant lady who needs help moving into her fourth-floor apartment.

20% of the total population in Berlin are born outside of Germany. Although we have competition in the task marketplace in Berlin, Co-Tasker is the only high functionality and safe platform at the same time that caters to this international market in Berlin.

The Berlin gig economy stands at €18m, and the German gig economy stands at €82m.
The gig economy is growing in size every year, consumers are becoming more accustomed to this type of instant service.

Problem or Opportunity

There are many people in Berlin, locals and newcomers alike, who struggle to find help with their personal or professional tasks. Simple tasks that they might be missing the tools for, or they need an extra pair of hands or maybe that task is simple but they just don't know how to do it. The reason why they struggle to find help is down to a few reasons, such as: They don't know anyone that could help them as they are a newcomer to the city, once they find someone online there is language barriers especially in service industries, despite the language barriers arranging and scheduling help is a long and tiring task and the business might have long waiting times. Finally, there is no safe, multi-functional platform out there that connects the dots.

On the other hand, there are many multi-skilled flexible workers out there who would be more than happy to help these people as soon as possible however they miss such opportunities. There are many people in Berlin who are ready to work but struggle to find work because of their lack of local language knowledge. Yes, there is the option for online freelancing work however it's highly competitive due to international cheaper competition, many reviews are needed to secure a constant flow of work and these online websites and app's take days to onboard.

Solution (product or service)

Co-Tasker the solution. Co-Tasker is a community platform and task marketplace which facilitates user connections for those searching to outsource their tasks with other local app users looking for extra earnings in exchange for their offered skills.

Co-Tasker is an app that provides users with the power to exchange freely. Users receive full access to a location-based community without having to worry about lengthy applications, unpredictable wait times and uncomfortable language barriers.

By simplifying the search for help and money-making opportunities, delivering real-time task alerts and partnering with a secure payment platform, Co-Tasker is able to offer users a revolutionised way to instantly exchange their time, skills, money and involvement within their local community through in-person and online tasks.

Competitors

Co-Tasker prides itself on being a high functionality and high safety platform compared to its competitors and the only one who offers it’s solution to an international market.

In the low safety and low functionality field, we have more indirect competitors such as Craigslist, eBay kleinanzeigen and nebenan.de. In terms of high functionality but lower safety, we have Facebook due to its group and job listing services. In terms of being safer but still low functionality, we have Antivity. Then in our field of high safety and high functionality, we have Task Rabbit.

Task Rabbit is one of our bigger competitors and has seen the potential in Berlin as we have, however, Task Rabbit is, as well as Antivity of focusing on the German marketing in Berlin.

Advantages or differentiators

NA...............

Finance

Co-Tasker is free to download and create task ad’s. Co-Tasker, however, takes a commission from every successful task completed.

Business model

As mentioned revenue is made from users via a service fee of 15% on each successful task completed.

Money will be spent on

n

Team or Management

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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
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