Online home services marketplace Hipages, which connects Australians with local tradespeople, has been experiencing exponential growth in the last 12 months, generating $AU1.35 billion worth of work, according to the company’s co-founder and CEO David Vitek.
“Globally we are seeing a massive shift in the way people choose to engage in work. Technology is providing a platform empowering many to take greater control of their lives,” Vitek says. “Our own growth data around the number of people and business signing up shows that the on-demand economy is only going to get bigger in the next decade.”
The 11-year-old Sydney-based business now has around 60,000 jobs posted per month, having seen a 45% year-on-year increase, with more than 1.1 million unique visitors monthly as it competes with other online sites such as GetaTradie, ServiceSeeking, WhoCanDo and Tradeezi.
Tradespeople pay a subscription to be listed on the site. That gives them access to “leads”, and the opportunity to be one of three tradies to quote on a job.
In June, the platform raised $AU6 million from investors Ellerston Capital, Right Click Capital, Australian Ethical Investments and Kestrel Capital.
That last investment brought the total equity funding to $AU12 million.