Cubbo — 3rd investor update
Our third month of operation — originally sent in March 2021
Please find below the March 2021 update:
Performance & projections (in USD):
Revenue decreased in February and March due to moving into our new warehouse. It was hard to maintain or grow revenue during this time as our priority was making sure the move out went smooth. We moved $5M USD worth of inventory from the old warehouse to the new, so our small team prioritized the move over maximizing revenue.
Highlights
1) We started to move into our warehouse next to Polanco! Here are the pictures from this past week of our team putting away the first orders:
2) We hired a VP of Sales — Susana Arevalo. She has 10+ years working in startups as a founder and on the leadership team of fast growing startups in LatAm.
3) We hired a Senior Developer, Julian Toro. Previously, Julian was CTO & Co-founder of Rapigo, which he bootstrapped and sold to the largest transportation company in Colombia — Servientrega.
4) Cubbo was featured on the cover of Forbes Magazine. This has resulted in a lot of inbound from potential customers, employees, and investors.
How can you help?
Please introduce us to Palacio de Hierro. This company is on the top of our customer wishlist in Mexico. An intro to a manager on the e-commerce or logistics team is perfect.
Please let me know if you have any questions and thank you for your support!
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