Quess Corp makes investment in Taskmo; enters into gig economy

Quess Corp makes investment in Taskmo; enters into gig economy

Abhinav Lahoti
/ Categories: Trending, DSIJ News

Quess Corp Ltd today announced its definitive agreement to subscribe to a 49 per cent stake in the gig economy start-up named Taskmo for a consideration of Rs 10 crore.   

This investment will help the company to enter into the Indian gig economy thus, making it the first organised staffing player to do so. Taskmo is the only Indian platform to provide skilled workers under temporary, permanent, and on-demand models, which is in line with Quess’ business philosophy of providing its clients the right fit & flexibility in operations, while minimising friction. This partnership will help the company deepen its roots in the industry.  

Quess Corp Ltd is India’s leading business services provider, which helps large and emerging companies to manage their non-core activities by leveraging its integrated service offerings across industries & geographies. This helps the company in providing operational efficiencies to its 3,000 clients, situated worldwide.  

The share price of the company reacted positively and was up by almost 3 per cent in the early morning hours on Thursday. It closed at Rs 549.95, which is Rs 2.30 or 0.42 per cent above Wednesday’s closing price.

Previous Article Jindal Poly Films jumps over 7 per cent post collaborating with DIC Corporation
Next Article Tata Power Solar wins LoA for GSECL worth Rs 460 crore
Rate this article:
4.0

DALAL STREET INVESTMENT JOURNAL - DEMOCRATIZING WEALTH CREATION

Principal Officer: Mr. Shashikant Singh,
Email: principalofficer@dsij.in
Tel: (+91)-20-66663800

Compliance Officer: Mr. Rajesh Padode
Email: complianceofficer@dsij.in
Tel: (+91)-20-66663800

Grievance Officer: Mr. Rajesh Padode
Email: service@dsij.in
Tel: (+91)-20-66663800

Corresponding SEBI regional/local office address- SEBI Bhavan BKC, Plot No.C4-A, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra.
Tel: +91-22-26449000 / 40459000 | Fax : +91-22-26449019-22 / 40459019-22 | E-mail : sebi@sebi.gov.in | Toll Free Investor Helpline: 1800 22 7575 | SEBI SCORES | SMARTODR