The Lazy CEO Podcast with Jane Lu #43 Airtasker: How Tim Fung Created Australia’s Number 1 Marketplace for Local Services
Today I’m chatting with Tim Fung, the co-founder of Airtasker. If you’re lazy like me, you’ve used Airtasker a lot! Actually we do discuss on pod that it’s laziness, efficient and creative!
Airtasker is Australia’s largest digital marketplace for local services. Airtasker achieved 6.7 million verified reviews of tasks completed across the platform and in 2022 achieved $44 million in revenue in 2022 with 40% year on year growth.
Tim has been very busy in recent years, from going public 2021, acquiring one of their competitors OneFlare, who is #3 in the market and launching in the UK and US.
We talk about the challenges that come with building a two-sided marketplace, how he achieved profitability (which is not that easy for a tech business, especially marketplaces), the challenges in today’s tougher economic environment and I especially love his startup story that led him to starting Airtasker.
Honestly could’ve talked to Tim all day!
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