Business
Sagoon, a Social Commerce Platform based now Offers Accredited Investors an Investment Opportunity
Sagoon offers a one-of-a-kind social commerce platform for users worldwide and plans to launch an equity crowdfunding initiative with the help of Bankroll. The amount of capital raised will be used to expand the platform’s user base, enhance product infrastructure and develop and launch a mobile app.
“Our team has been working diligently to ensure Sagoon helps solve the negative aspects users typically experience on popular social media sites,” Sagoon founder Govinda Giri said. “Thanks to the US JOBS Act, we’re able to reach people who are passionate about our mission and offer those individuals the opportunity to participate in helping us change the world.”
Sagoon site includes several applications for registered users, including “My Day” (daily task manager), “Mood Talk” (mood chatroom), and “Open Secrets” (secret sharing application). With Mood Talk, users can create custom emoticons and stickers for private or group chats. Similar to the popular application Snapchat, Sagoon deletes personal and group conversations after 24-hours. If users prefer to use Sagoon anonymously, they may create and share secrets with the rest of the Sagoon community or with someone specific. As with the popular millennial app Yik Yak, Sagoon features hot secrets, the ability to like, dislike, share or comment on secrets, and allows users to track secrets to see which cities and countries it has reached.
Later this year, Sagoon will introduce its Social Smart Card which compensates users for interacting with the site’s features. Users receive a free Smart Card when they create a profile and join the Sagoon community. From there, registered users may buy and send gift cards to connected friends and family. Rather than having multiple gift cards, users may take advantage of one Smart Card, redeemable at certified retail partners. All Sagoon Smart Card users will receive 5% back on all transactions.
“I am glad and excited to offer an investment opportunity to India and Indian investors. For the very first time in the history, we are able to advertise to accredited investors from India that they are allowed to invest in an early stage tech startup like Sagoon that is incorporated in United States,” said Swati Dayal, co-founder of Sagoon. Swati Dayal, also the operations head of Sagoon in India further said, “We want to create more jobs in India, and at the same time we want to extend this investment opportunity to all Indian accredited Investors who never had a chance to earlier become a part of our vision to make India the epicenter of a social media revolution.”
Kendall Almerico, CEO ofBankRoll, a JOBS Act and equity crowdfunding platform and one of the top crowdfunding and JOBS Act lawyers in the United States says, “At BankRoll, we are excited to help the Sagoon team use these revolutionary new laws to raise capital online, so they can expand and grow their business and realize their global social commerce vision.”
Sagoon has currently over 255,000 registered users, and has a waitlist of more than one million individuals looking to register on the social commerce platform.
Those who would like more information on Sagoon should visit www. www.sagoon.com/invest or www.Banakroll.ventures/deal/sagoon .
All media inquiries, please contact Bhavna Bhatia at Bhavna@value360india.com
Investment inquiries, please contact Swati Dayal at swatidayal@sagoon.com