Taskbucks Raises $15 Million From Times Internet

Company Name : Taskbucks
Funding Amount : $15m
Investor(s) . . Times Internet
Funding Round : Not Disclosed

Times Internet has acquired a majority stake in Taskbucks – a mobile-only tasks marketplace that matches consumers with brands and enterprises on its platform. Companies offer tasks to Consumers, who are rewarded for completing these micro tasks, via the Taskbucks marketplace.

Taskbucks  is a Gurgaon based company, founded in 2014 by Kumar Apurva. Taskbucks is currently Android only, and has reached nearly 5 million downloads.

“We intend to use this funding to build out more ways for companies to leverage access to our 5 million strong and rapidly growing userbase. We will soon be launching Taskbucks Pro, a premium version of Taskbucks where users can perform real-world tasks for brands, to earn more. We’ll also be working closely with Times Internet to build our brand and drive growth of our mobile app,” said Kumar Apurva, CEO of Taskbucks.

Taskbucks currently offers brands the option for app discovery, user retention, referral tasks, offer signups, and social content sharing, as promotions that they can offer consumers.

Taskbucks will soon be adding crowdsourced tasks, surveys, opinion polls, offline photo tasks, and many other modules that will provide more variety and options for consumers and advertisers.

The company is targeting to cross 50 million downloads in the next two years.