Instawork
Classification
Private
Financials
Revenue & Profit
Valuation
Ratios
People
Deals
M&A2024-03-15Completed
Investor Sponsors NorthBridge PE | Stake Tags 100% |
Deal Amount $120M | Is PE deal Yes |
Target Company Valuation $1.20 MM | Is deal PE backed Yes |
Techniques Acquisition of Assets, Taken Private | Total Acquired 100% |
Investor Sponsors
Deal Amount
$120M
Target Company Valuation
$1.20 MM
Techniques
Acquisition of Assets, Taken Private
Stake Tags
100%
Is PE deal
Yes
Is deal PE backed
Yes
Total Acquired
100%
Secondary Transaction2023-09-01Canceled
Investor Sponsors -- | Stake Tags Majority |
Deal Amount Undisclosed | Is PE deal No |
Target Company Valuation -- | Is deal PE backed Yes |
Techniques Secondary Sale, Management Buy-out (MBO) | Total Acquired 65% |
Investor Sponsors
--
Deal Amount
Undisclosed
Target Company Valuation
NaN
Techniques
Secondary Sale, Management Buy-out (MBO)
Stake Tags
Majority
Is PE deal
No
Is deal PE backed
Yes
Total Acquired
65%
Funding
About
About
Instawork is a platform that connects businesses with on-demand hourly workers, streamlining the process of hiring and managing flexible labor. The platform leverages technology to provide a quick and efficient solution for businesses in need of temporary staffing, while also offering individuals a convenient way to find flexible work opportunities. Product Breakdown: Job Posting and Matching: Employers can post temporary job opportunities on the Instawork platform, specifying requirements such as job description, skills needed, and duration. Worker Profiles: Instawork maintains comprehensive profiles for each worker, including their skills, experience, and ratings from previous gigs. This facilitates better matching between employers and workers. Real-time Scheduling: The platform offers real-time scheduling features, allowing employers to adjust shifts and workers to find immediate work opportunities based on their availability. Automated Payments: Instawork facilitates seamless and automated payment processes, ensuring that workers get compensated promptly for their services. Communication Tools: Built-in communication tools enable employers and workers to communicate efficiently, ensuring a smooth coordination process during shifts. Performance Analytics: Employers can access analytics tools to evaluate the performance of workers and make informed decisions about future hires. Rating and Review System: Both employers and workers can provide feedback through a rating and review system, contributing to a transparent and trustworthy community. Mobile App: Instawork offers a mobile application for both employers and workers, enhancing accessibility and convenience.
Keywords
Keywords
Classified
Private