Oodles Corporation

Underweight
BETA

OodlesDeals: Only app that drives students to invite friends & eat out together

Analytics

Raised to Date: $65,900

Aggregate Commitments $
Platform

Wefunder

Start Date

01/06/2020

Close Date

10/07/2020

Min. Goal

$50,000

Max. Goal

$1,070,000

Min. Investment

$1,000

Security Type

SAFE

Funding Type

RegCF

Series

Seed

Valuation Cap

$10,000,000

Discount Rate

20%

Weekly Commitments $
Status

Active

Reporting Date

09/23/2020

Days Remaining

12

% of Min. Goal

132%

% of Max. Goal

6%

Likelihood of Max
Avg. Daily Raise

$252

# of Investors

15

Momentum
Location
Industry

Media, Entertainment & Publishing

Tech Sector

Medtech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Business Type

Growth

Oodles Corporation, with a $10 million valuation cap, is raising funds on WeFunder. Oodles Corporation’s app, OodlesDeals, drives students to invite friends and eat out together. OodlesDeals allows students to develop strong personal relationships and save money on great food. Students get incentivized for inviting their friends to eat together and get the best value deals. Oodles Corporation was founded by Sajal Sahay and Asheesh Barman in 2017 and has raised over $700,000 since its inception. The current round of crowdfunding has a minimum raise of $50,000 and a maximum raise of $1,070,000, and the proceeds will be used for marketing, sales, and product and operational expenses. OodlesDeals has been downloaded by 26,000 students in eight universities and the revenue is growing at a monthly average of 20%.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$9,301

$467

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-161,565

$-88,470

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$33,941

$59,413

Accounts Receivable

$1,181

$467

Total Assets

$65,633

$64,130

Short-Term Debt

$1,693

$0

Long-Term Debt

$28,600

$0

Total Liabilities

$30,293

$28,600

Ratings

last updated 09/24/2020

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Analyst Report

Underweight
Ratings Platform - Beta Trial

Our new ratings and analytics platform is currently in Beta. To gain access to the Beta platform features, upgrade to a Pro paid account and accept the Beta terms on any page.

For a limited time, use coupon code "TRYMERLIN20" for a free 20 day trial of Kingscrowd Pro and Merlin Beta. Your paid subscription will activate at the end of 20 days. Cancel anytime.
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