TaskRabbit is exploring a sale after the company received inbound interest from a strategic buyer, CEO Stacy Brown-Philpot confirmed.
"It's opportunistic," said Brown-Philpot in a brief interview, in which she declined to provide more details about the process. There are now more than one buyers interested, said sources.
Recode contacted the company after hearing of the talks, as well as a hiring of advisers, which came as the San Francisco-based on-demand chore service was in the process of raising another round of funding.
The company has raised close to $38 million so far, from venture firms like Shasta Ventures, Lightspeed Venture Partners and Founders Fund. Sources said it did another small financing last year from an international investor.
That's all to continue its expansion of cities in the U.S. to 40 from its current 24 locations. In a recent Recode Decode podcast last September, Brown-Philpot said the company has been growing quickly and has struck a number of partnerships, such as with furniture giant Ikea. She also noted it is cash flow positive in its cities, and close to reaching profitability overall.
—By Kara Swisher, Re/code.net.
CNBC's parent NBCUniversal is an investor in Recode's parent Vox, and the companies have a content-sharing arrangement.
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