The tale of Handy is one of the greatest biographies in the startup world. Handy was the brainchild of Oisin Hanrahan and Umang Dua. The two put together a nifty little app designed to assist people in need of apartment cleaning NYC and other home services to find affordable and reputable freelancers. The freelancers gained a lot from the launch of Handy. Many have been able to make a good living thanks to the revenues generated from their bookings. The actual number of bookings is incredible. 28 Handy offices exist in the United States and they are located in major cities. Bookings through these offices generate about $1 million in gross revenues per week. Such a figure is a staggering one.
Upon first hearing this news of booking success, a gut reaction would likely be that the company was an immediate hit from day one. As much as the founders of the company wish this was the case, the reality was quite different. The company struggled in the same way many other startups struggled. Cash flow is always going to be limited until a solid client base is built up and a brand is properly established. Handy had to navigate such issues just like all the other companies in existence.
Handy.com has been able to raise a massive amount of enthusiastic venture capital funds. Millions upon millions of dollars were funneled from investors to Handy. This occurred at a time when serious fears existed about venture capital firms cutting off startups. Handy continued to receive enough venture capital to thrive even when a lot of bugs existed with the onboarding — online hiring — process for freelancers.
Handy clearly was able to navigate the rough waters of launching a startup and has ended up thriving magnificently. Handy is going to be a talked about startup for years to come.