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Sagoon

Topic: Company

 From HandWiki - Reading time: 2 min
Sagoon
Sagoon logo.png
Type of businessPrivate
Type of site
Social network service
Founder(s)Govinda Giri
IndustryInternet
Websitewww.sagoon.com
RegistrationRequired
Launched2015
Current statusActive

Sagoon is a social commerce platform that currently offers three desktop-only services - My Day, Secret Messaging and MoodTalk. Sagoon is a Delaware, USA-based corporation. It was first launched as private beta in July 2014 in Washington DC; the public beta was launched in November 2015 in Kathmandu, Nepal.

History

Sagoon was founded by Nepalese American IT engineer "Govinda Giri" of Pentagon and IBM in 2009, but he faced a difficult capital environment and after 14 months of trial and error, he had to shut down his search engine.[1]

In September 2013, he quit his job and started working full-time from the basement of his home. Soon he associated himself with an experienced graphic designer Swati Dayal who started working part-time for Sagoon.[2] Giri spent eight months on market research and analysis of users’ behaviour, and then rolled out Sagoon as a Social Commerce Site. Its private beta was launched in Washington DC by Manisha Koirala.[3]

Giri introduced Sagoon Version 2.0 in November 2015, it was launched by Nepal PM K. P. Sharma Oli in November 8, 2015 in Kathmandu, Nepal.[4][5]

In January 2015, Giri visited India and registered Sagoon India Pvt. Ltd as 100% subsidiary of Sagoon Inc. Swati Dayal became the Executive Director of Sagoon India Pvt. Ltd and later was also promoted as the co-founder of company. After successfully setting up the office in India, Giri visited Kathmandu and hired a few employees to work from there as well.[6]

In May 2015, Sagoon launched "Sagoon Social Smart Card". The digital card is based on an incremental value model.[7][8][9]

In 2016, Sagoon successfully raised $500,000 in the seed funding phase, although many people view it as a Ponzi or pyramid scheme.[10][11][12]

References

  1. ↑ Radha, Anu (25 October 2016). "Social media start-up Sagoon seeks to launch mini-IPO in the US". http://www.livemint.com/Companies/Cp87EOsoxJl5mko338pKdL/Social-media-startup-Sagoon-seeks-to-launch-miniIPO-in-US.html. Retrieved 28 October 2016. 
  2. ↑ Gupta, Soumya. "Sagoon Eyes to Tap the US Market for Raising 20 Million". http://bwdisrupt.businessworld.in/article/Sagoon-Eyes-to-Tap-the-US-Market-for-Raising-20-Million-/25-10-2016-107376/. Retrieved 28 October 2016. 
  3. ↑ "Actress Koirala launches social networking site in Delhi". http://kathmandupost.ekantipur.com/news/2014-07-28/actress-koirala-launches-social-networking-site-in-delhi.html. Retrieved 28 October 2016. 
  4. ↑ "2nd edition of Sagoon.com launched from Kathmandu". 8 November 2015. http://thehimalayantimes.com/kathmandu/2nd-edition-of-sagoon-com-launched-from-kathmandu/. Retrieved 28 October 2016. 
  5. ↑ "Sagoon launches Version 2 with three new applications". http://admin.myrepublica.com/economy/story/30855/sagoon-launches-version-2-with-three-new-applications.html. Retrieved 14 December 2016. 
  6. ↑ "Sagoon invites investors". http://kathmandupost.ekantipur.com/news/2016-07-06/sagoon-invites-investors.html. Retrieved 28 October 2016. 
  7. ↑ Khedekar, Naina (22 June 2016). "If you spend a lot of time online, Sagoon will help you earn money". http://tech.firstpost.com/news-analysis/if-you-spend-a-lot-of-time-online-sagoon-will-help-you-earn-money-321787.html. Retrieved 28 October 2016. 
  8. ↑ Revathy, L N (30 May 2015). "Networking platform Sagoon launches smart card to expand its membership". http://www.thehindubusinessline.com/info-tech/networking-platform-sagoon-launches-smart-card-to-expand-its-membership/article7263937.ece. Retrieved 28 October 2016. 
  9. ↑ "A Sagoon Future". http://nepalitimes.com/article/Gizmo/sagoon-review,2075. Retrieved 28 October 2016. 
  10. ↑ Ganguly, Payal. "Social network company Sagoon looks to raise crowdfunding". http://economictimes.indiatimes.com/small-biz/startups/social-network-company-sagoon-looks-to-raise-crowdfunding/articleshow/52957922.cms. Retrieved 28 October 2016. 
  11. ↑ "Sagoon to soon close its Private Placement Opportunity". http://www.dqindia.com/sagoon-to-soon-close-its-private-placement-opportunity/. Retrieved 14 December 2016. 
  12. ↑ "Sagoon to soon close its Private Placement Opportunity for potential investors". http://www.indiainfoline.com/article/news-business/sagoon-to-soon-close-its-private-placement-opportunity-for-potential-investors-116081200692_1.html. Retrieved 28 October 2016. 

External links




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