Hello Wefunder Investors,

We’ve now concluded the fourth month since Oodles Corporation began our initial financing round with Wefunder, and the first month since the financing was closed.  As in previous months, I wanted to provide you with an update on the many things happening with our Oodles - Deals & Events mobile app, and overall at the company.

Oodles - Deals & Events App Back Again At The University of Oregon

In late September, the University of Oregon - Eugene returned for another school year…and the Oodles - Deals & Events app restarted providing “scorching” deals at well known restaurants and other social venues for students around the University.  We kicked off the new school year with a “Free Ice Cream” day at one of our prominent partners in Eugene, and one of the best known ice-creameries around the U of O campus.  The response was positive, with hundreds of students coming to the store with their downloaded Oodles app — from the time it opened, through the store’s closing hours.  

You can visit the Oodles Twitter and/or Instagram accounts to see the pictures of Free Ice Cream Day, of students enjoying their free ice-cream courtesy of Oodles.

This means that Oodles - Deals & Events is now launched and available for students at two Universities in the country.  Hundreds of new students are downloading and using the app each week, and the total number of students with the app has grown to the thousands.

Vendor engagement at both Universities is accelerating.  A majority of vendors see redemption of several tiers of our offers happening weekly, with top vendors at each school experiencing these redemptions multiple times a day.  We expect these redemptions to grow over time, as the number of students on the app increases and the students get familiar with the scorching value we have on-offer at each school.

Per last month’s update, planning continues for the third school where Oodles - Deals & Events will be launched, specific details will be provided in our next update.

Product Team Focused On Further Simplifying User Experience

With vendor partners and students expressing satisfaction with the app and its new look-and-feel, the product team has now shifted focus towards simplification of the user experience, to accelerate engagement with students.

During the months of September and October, our CTO spoke with many students and vendors, and has since outlined a simplified process of vendor deal notifications and in-store deal redemption, that will promote greater understanding of each offer by the student, and clarity in steps in progressing from deal awareness to redemption.  

The development team is now translating this outline to actual experience on-app, and this simplified user experience will be released publicly soon.  If you have our app downloaded, keep a look out for these new features.

As you know, this process is a patented protected one, and is what makes Oodles - Deals & Events truly unique and added-value to use.

Wefunder Campaign Closed Successfully

Since my update last month, the Wefunder team successfully closed our initial financing round, and has since sent the funds raised to the company’s account.  

As with everything the Wefunder team has done to-date, the funds raised were transferred to the company expeditiously — we owe them a big thanks for getting us these funds, right as school was reopening for the new year!

If you’d like to learn more about the Oodles - Deals & Events app, please go to https://wefunder.com/oodles to find all the materials necessary to understand our business, long-term vision and short-term goals.  

To make things easy on you, we’ve embedded a link to a short investor deck — in PDF format — within the materials, that should give you a comprehensive view of what we’re aiming to achieve as a company.

This next statement is the same one I’ve made in the past, and will always remain sincerely true — while our journey is just beginning, Asheesh (my co-founder) and I owe our sincere thanks to all of you who have helped us get to this point.

Sajal Sahay

Co-founder & CEO