HostelsVilla has won the pitch exercise conducted at the 4th Edition of the CFA’s Startups Hangout. The platform competed alongside three other Startups namely, Placement, AdQuet, and Infinite Medix. It won the pitch after meeting all the set criteria.
HostelsVilla is a hyper-local online, off-campus student accommodation booking and roommate-finding platform.
The platform integrates the whole long process of searching, contacting owners, booking hostels and roommates into one safe & secured, free-to-use and hassle-free platform.
Interestingly, the Founder of HostelVillla.com is based in Delta State, which means that there are young talents with solutions spread across Nigeria and not restricted to Lagos, Abuja and Port Harcourt alone.
Announcing the winner of Helen Anatogu, CEO, iDea Nigeria Limited, CFA’s Startups Hangout Pitch exercise, said all the entrepreneurs did well to have pitched their startups to the audience, but HostelVilla met certain criteria which threw the it ahead of others.
“We are looking at Startups that would solve unique problems and HostelVilla had come up with solutions on how to tackle accommodation issues in our tertiary institutions.
Other Startups also provided different solutions to certain problems, but we chose the Startup that is solving the most pressing problem,” iDea Nigeria boss said.
She charged all entrepreneurs at the event to always understand the elements of the market, stressing that there was no need to provide a solution without identifying what the market that will patronise the solution wants.
She lamented that developers were becoming too egotistic, developing and writing series of codes that are solving no problems.
“I see a lot of Nigerians writing beautiful codes that solve no problem. How many developers are going into the streets to conduct research and surveys to know exactly what the people need?", she asked.
“You have to go into the streets and carry out research before you start providing solutions", she said.
In his own submission, Yele Okeremi, CEO, Precise Financial Systems, said he was impressed with all the entrepreneurs that pitched their Startups, in as much as all the Startups are providing solutions to certain problems.
He said all the entrepreneurs at the meet-up were capable of providing solutions that would solve global problems.
Yele encouraged entrepreneurs not to relent in their entrepreneurial journey, “just as there is always a price for success”, he added.
Expressing his feelings, Joel Amawhe, founder of Hostelsvilla, said he is extremely glad to have been announced as the winner, in spite of the ither beautiful ideas from other entrepreneurs who partook in the pitch exercise.
“I feel extremely excited and this is another plus for HostelVilla. It is a sign that what we are doing is good.
Let me also thank the CFA team to have come up with such initiative. It is a huge opportunity for us”, he added.
By virtue of winning the pitch exercise, Joel Amawhe will have a one-on-one with me and this will be featured on my Tech Trends on Channels Television show.
The pitch exercise is the beginning of better things to come in future from the CFA's Startups Hangout for the benefit of Startups.
The next edition of CFA's Startups Hangout, coming up in May 2017, also promises to be instructive, educative and exciting.