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Taskmo's task-based pricing model complements our offerings, says Quess Corp Group CEO

Under the agreement, Quess can acquire upto 49 percent stake in in digital gig worker platform Taskmo. In the first tranche, Quess is buying 16.1 percent stake for Rs 2 crore.

January 29, 2021 / 09:43 AM IST
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Business services provider Quess Corp is looking to utilise digital gig worker platform Taskmo to complement its existing offerings. Quess Corp will be buying 49 percent stake in Taskmo for Rs 10 crore in multiple tranches.

In an interaction with Moneycontrol, Suraj Moraje, ED and Group CEO, Quess Corp said in the general staffing business, historically the firm has augmented permanent business with temporary business.

“Labour laws will recognise the legitimacy of gig platforms or aggregators. For the past two to three quarters, we as the company have been experimenting with task-based pricing models in some area. Taskmo specialises in selling per-day or per-task SKUs. We find that complementary to our offerings. As we are scaling up, we needed a platform to run the gig model,” he added.

This investment will mark the entry of Quess into the digital gig economy segment. The agreement for investment in Taskmo allows Quess to acquire up to 49 percent stake. In the first tranche, Quess is buying 16.1 percent stake for Rs 2 crore.