Karachi-based logistics startup Rider will be part of Y Combinator’s Winter 2022 batch.
Tell me more: Most startups fail. But being in Y Combinator (YC) is one way to make sure that you increase the odds of winning.
Y Combinator started in 2005 and is one of the most renowned startup accelerators in the world. It’s like Harvard for startups.
Some of YC’s alumni startups have reached valuations of up to $500+ billion, including Dropbox, Airbnb, Stripe, Coinbase, and DoorDash.
How it works: A typical YC batch lasts 3 months, culminating in a Demo Day when startups pitch investors and the press. There are two batches per year, January through March and June through August.
YC gives you $125k in return for 7% of your startup during this time. It also connects you with talent, advisors, and investors, all the while helping you grow and increase the odds of winning.
You should know: Rider provides last-mile delivery service to online retailers. It raised $2.3 million in seed funding earlier this year.
YC has backed other Pakistani startups include Markhor, Cowlar, Safepay, Byte, Abhi, TAG, Udhaar, and Tajir.