One of the best kept secret the last 3 months was Kuhustle, an on-demand tech talent platform to help individuals and firms with tech-related tasks to hire a developer on demand was accepted and joined Y Combinator Fellowship, Silicon Valley’s most popular startup incubation program.
Y Combinator is a startup fund based in Mountain View, CA. In 2005, Y Combinator developed a new model of startup funding, Core and Fellowship. Twice a year they invest a small amount of money in a large number of startups. The startups move to Silicon Valley for 3 months, and the YC partners work closely with each company to get them into the best possible shape and refine their pitch to investors. Each batch culminates in Demo Day, when the startups present their companies to a carefully selected audience of investors.
Sam Gichuru — co-founder Kuhustle.com told TechMoran, “Acceptance into YC was a great step and a big privilege for Kuhustle. We gained massive knowledge from industry leaders, got invaluable mentorship and learned from other cohort members to build Kuhustle into a world-class on-demand platform.”
Gichuru added that he hoped this move will open more doors for Kuhustle and inspire other startups in Kenya and Africa at large.
Kuhustle joins Tress, Connected Health, OMG Digital and Saida as some of the recent startups to join the Y Combinator fellowship. Globally, Y Combinator has invested in over 1200 companies including Airbnb, Dropbox, Stripe, Reddit, Instacart, Docker and Gusto. The combined market capitalization of YC companies is over $70B.
More people will argue the acceptance as a confirmation that entrepreneurs in Africa are serious on innovating and building solutions to African problems. It will also see a growing interest of both local and international investors into the African tech scene.
Kuhustle recently pivoted from an open freelance marketplace to an on-demand platform to remove the pain from tech developer recruitment. The platform now around 18000 users with over 130 jobs being posted every month, growing at 10% every week compared to back in February when it just had 30 jobs a month. At the moment the value of work posted is almost at Kshs 40 million and is revenue-positive.
According to Gichuru, the next step for Kuhustle is to expand into more countries across Africa to build in Africa for the world.