Global private equity firm Blackstone will invest $275 million to acquire a majority stake in TaskUs,a USA based customer service and business process outsourcing services provider for technology companies. The investment, before funding, values TaskUs at more than $500 million.
TaskUs, which has a strong presence in Philippines, had raised only $15 million from Philippines based PE firm Navegar in 2015. TaskUs clients include Uber Technologies, Tinder, BetterDoctor, Balsam Brands, HotelTonight, Wish and Gusto. With this funding, TaskUs plans expansion in markets such as India, Europe and Latin America.