San Francisco, CA- May 15,
2012
CollegeBudget.com,
the leading student-exclusive shopping platform, announced today that it has agreed
to acquire MunchOnMe.com, a food
discovery and discount portal from Y Combinator’s summer 2011 batch.
The
combination of the two services will strengthen CollegeBudget's leadership in
the college social commerce market. The acquisition will add a passionate
food-centric user base to CollegeBudget’s large network of college students and
merchants. The acquisition increases CollegeBudget’s total college footprint to
2 million students. The new addition will allow CollegeBudget to expand into
new markets, offering more food deals and regionalized offers.
“Students
are the life-blood of all businesses” says CollegeBudget founder Mike Moradian.
“They are among the most coveted demographic in marketing, because they are the
future family decision-makers and business professionals. By targeting students
early with discounts, companies can develop brand preferences that will last a
generation.” American Apparel and Skype are two prominent brands that have
offered extremely popular deals through CollegeBudget’s platform.
Terms
of the deal were not announced. Munch On Me users will be able to access
purchased coupons until September 1, 2012. Future plans for integrating the
platforms will be forthcoming.
About MunchOnMe.com
Part of the Y Combinator’s Summer 2011 batch,
Munch On Me is a food discovery portal that connects people with great food at
great prices in local communities. Munchonme.com enjoys success promoting local
eateries in college towns across the nation.
About CollegeBudget.com
CollegeBudget.com
is revolutionizing student discounts. The service saves college students money
through student-exclusive deals and collective social buying. CollegeBudget’s
mission is to bring savings to every facet of the college experience, including
textbooks, student loans, and potentially one day even tuition.
Since
launching in March 2011, CollegeBudget has grown to become the largest student
deal site. CollegeBudget represents over 2 million college subscribers and has
already saved students millions of dollars collectively.
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