Australian online jobs outsourcing company Airtasker is nearing to raise $75 million in a funding round.

The round will be participated by Seven West Media, Insurance Australia Group and local venture capital fund BridgeLane.

With the proposed infusion, Airtasker will ramp up its offshore expansion especially its Australian business in select markets overseas as well as international roadshows in the coming months.

As part of the round, Airtasker expects to target a $500 million to $1 billion valuation.