Hello Wefunder Investors,
We’ve now almost concluded the first month since the WeFunder third round financing was successfully initiated. As in previous months, I wanted to provide you with an update on the many things happening with the OodlesDeals mobile app, and overall at the company.
Company Revenue For Q4 ’19 6x Greater Than Q4 ’18
In last month’s WeFunder update, I promised I would provide details of full Q4 ’19 revenue this month. The Oodles Corporation Finance team just closed the books on December 2019, and can report that total Q4 ’19 revenue was 600% that of Q4 ’18. This was driven by increased transaction activity by users in all the schools where OodlesDeals is present, both at events conducted during the month, and daily use of the deals present around each campus.
Full year ’19 growth benefited from this 600% growth in the final quarter of the year, and ended at 450%+ growth in sales over full year ’18.
I am happy to announce that the Oodles Corporation third round WeFunder campaign is now live. For full details of the company, our historical achievements, plans for the future, and investing access, please check out our www.wefunder.com/oodles profile page, and feel free to download the PDF embedded within the site for a summary of the investment opportunity Oodles Corporation represents.
The capital we secure from this current WeFunder fundraise will be primarily used to accelerate new University launches, new vendor and user sign-ups, and to drive per user engagement higher. The entire Oodles Corporation team hopes you join us in the WeFunder campaign, helping make this journey a successful one.
Global Advisory Announced
In early January ’20, the Oodles Corporation Marketing team announced the company’s Global Advisory Board, populated with thirteen seasoned executives from the mobile technology and retail industries. As the company grows from the eight Universities where it is currently available, to a fully national and international presence serving the general population, it was critically important to establish a league of advisors to help with product development, networking for distribution alliances, and capital to finance the expected growth. A key input to the C-level officers of the company, the Global Advisory Board forms the lynch-pin of counselors with the skills and experience set necessary to optimally service the rapidly evolving global restaurants industry. A large majority of successful technology companies that evolve from start-ups to large established organizations have had Advisory Boards helping them with their growth.
The announcement of the company’s Global Advisory Board was done via a Press Release. The link is as follows: https://www.accesswire.com/572485/Oodles-Corporation-Global-Advisory-Board-Formed-To-Drive-Long-Term....
I encourage you to read the entire Press Release, as it includes the names of each member, and the experiences they bring to the company as we plan our next phase of growth.
This next statement is the same one I’ve made in the past, and will always remain sincerely true — Asheesh and I owe our sincere thanks to all of you who have helped us get to this point. We look forward to continuing this journey together with you.
Co-founder & CEO
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