Sagoon

Type of business| Private

Type of site

| Social network service
Founder(s)| Govinda Giri
Industry| Internet
Website| www.sagoon.com
Registration| Required
Launched| 2015
Current status| Active

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

* Company website

0.00

(0 votes)

|

Retrieved from "https://handwiki.org/wiki/index.php?title=Company:Sagoon&oldid=1046539"