Hello Wefunder Investors,
We’ve now concluded the seventh month since the Wefunder second round financing was successfully completed. As in previous months, I wanted to provide you with an update on the many things happening with our OodlesDeals mobile app, and overall at the company.
Northwestern University Launch Enhances Monthly Transaction Growth
In last month’s report, I described the upcoming launch of OodlesDeals at Northwestern University, our company’s first foray into the US Midwest. The launch event was achieved, and students on the Northwestern campus are already using OodlesDeals to get the SCORCHING deals available close to campus.
This launch takes OodlesDeals to five total Universities, and is already contributing towards the strong growth of monthly transactions via the app. The following chart shows pictorially the growth in monthly revenue experienced by our vendor-partners across the five Universities where OodlesDeals is present.
A highlight of the launch of Northwestern University is that OodlesDeals is already revenue generating at the school. This is the fastest to revenue generation of all the five schools where OodlesDeals is present, and is a result of the implementation of a new payment structure. I will provide more details of this structure in a future update.
Student Organizations Utilizing App For Events Expands
In the January ’19 monthly update, I showcased a fraternity that utilized OodlesDeals for a recruitment event on campus. Since then, other organizations have reached out to the company to conduct their events via the OodlesDeals app. The below is an example of such an event on the CSU - Sac State campus.
These organizations understand the marketing value OodlesDeals brings to them, not just by incorporating their event on the app, but by the value-add OodlesDeals brings via the in-app notifications and e-mail campaigns that are executed to bring awareness to the event.
The management team see this functionality as yet another way we can serve the student-body in enhancing their social lives.
Pi Day Celebrations Make Eating Pizza More Fun Than Ever
3.14 (March 14th) was Pi day, and OodlesDeals held events at multiple campuses where the app is available to celebrate. The below is a great example of a day-long event held at UC - Davis, with one of the key vendor-partners on campus.
Not only did students get a great deal on a pizza, they enjoyed Pi Day with their friends by sharing and going to the restaurant together, to get the SCORCHING deal on the app!
This next statement is similar to one I’ve made in the past — Asheesh and I owe a big thanks to all of you who have helped us get to this point.
Co-founder & CEO
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