INSTAWORK LAUNCHES GIG MARKETPLACE TO CREATE ECONOMIC OPPORTUNITY FOR ITS PARTNERS AND PROFESSIONALS GLOBALLY

Benchmark and Y Combinator Backed Marketplace Expanding After Rapid Adoption in Initial Markets

San Francisco, Calif. (February 27, 2019) - Instawork, the on-demand staffing app for gig workers and hospitality businesses, announces today that it has officially launched as a gig marketplace and is continuing its expansion throughout California.

Instawork is also announcing previously secured $10 million in funding from Benchmark, Y Combinator, Tuesday Capital, SV Angel, and Liquid 2 Ventures. Benchmark’s General Partner, Bill Gurley, also serves on the Instawork board.

Instawork, available on Android and iOS in English and Spanish, is currently focused on serving the needs of the hospitality industry, connecting thousands of Instawork Professionals and business Partners every day. Instawork is currently operating across the entire Bay Area and Los Angeles and pilots are underway to expand across California in 2019.


“We were inspired to start Instawork because people seeking work need a better, faster way to find great opportunities and hospitality businesses need a better, faster way to find quality workers,” said Sumir Meghani, Co-Founder and CEO of Instawork. “We have been blown away by how quickly Instawork is connecting these two groups.”

“Instawork is best positioned to build the most effective labor network for gig workers and local businesses,” said Bill Gurley, General Partner with Benchmark. “The team is experienced and has been diligently focused on serving the needs of their users. I have been incredibly impressed by their accelerating traction.”

The top reasons Professionals come to Instawork are the flexibility around where and when they want to work, higher pay, and substantial shifts. In fact, over 50% of Professionals are referred by friends and family, and on average, Professionals make $140 a shift. The top reasons Partners come to Instawork are to find great talent quickly, and to create, manage, and schedule a flexible workforce at the touch of a button. Instawork Partners receive immediate feedback on their gigs with 97% matched with qualified Professionals within 24 hours. Instawork is very easy to use and Professionals and Partners can set up a free account in minutes.

“Instawork is amazing because I was able to start working immediately. I didn’t have to worry about where my next paycheck would come from.” said Yamilef Diaz, an Instawork Professional. “Plus I’ve never had the ability to pick and choose the restaurants that I want to work in.”

“With the current status of the job market, one of my biggest challenges is finding quality help, especially last minute. Instawork helps solves this problem,” said Chris McKenna, Director of Guest Services at Hornblower Cruises. “Not only do I fill positions fast, the professionals who walk through the door are reliable, accountable and very qualified.”

Those interested in learning more about Instawork and becoming an Instawork Professional or Partner should visit www.instawork.com or download the free apps.

About Instawork:

Instawork (www.instawork.com) is the the on-demand staffing app for gig workers and hospitality businesses available on Android and iOS in English and Spanish. Thousands of professionals and partners use Instawork every day across the Bay Area and greater Los Angeles. Headquartered in San Francisco, California, and Bangalore, India. Instawork is a privately held company with the backing of prominent investors including Benchmark, Y Combinator, Tuesday Capital, SV Angel, and Liquid 2 Ventures. For additional information and company images visit: www.instawork.com/about#news.