Attains a new milestone of over 2.5 lakh registered users since inception
New
Delhi, June 21, 2016: - Sagoon, a Washington DC and New Delhi based
online social commerce venture, announces its latest achievement of
acquiring over 2.5 Lakh users registered in its platform. The unique
startup enables its users to Connect with like-minded people, share
interests, and in the process earn some money, practicing the company
motto – Connect, Share, Earn.
Ever
since Sagoon began its operations, it has witnessed an increasing
number of users registering from both India and Nepal. Regions with
maximum user penetration include: - Delhi & Bangalore(India),
Kathmandu, Pokhara, & Biratnagar (Nepal), and Dubai as well.
Commenting
on this achievement, Swati Dayal, Co-Founder, Sagoon said, “It is an
important achievement for us. We have gained 2, 55,000 users in just two
years, which clearly shows what Sagoon is capable of. For us, the
experience of users at Sagoon holds utmost importance and we will
continue to improve it through regular updates.”
The
average age group of users in this platform is between 25 and 34, i.e.,
the Millennial. Apart from its already registered customers, Sagoon
currently has over 1 million potential users on its waiting list – an
estimate that is proof enough of its remarkable growth and success.
Since
its launch in 2014, Sagoon’s growing user base has shared more than 2
million messages. Each user, on an average, invites 12 new users,
thereby helping the company scale its business manifold.
Currently,
Sagoon is all set to enter the next phase of business funding via
private Placement, which will be followed by Mini-IPO. By the end of
this year, the company will launch its ‘Social Smart Card’ – an online
shopping card that allows users to earn money, spend money and redeem
coupons or gift their loved ones while they socialize. Furthermore,
Sagoon will start accepting endorsement opportunities in early 2018 to
maximize its visibility among a wider user spectrum.
About Sagoon:
Sagoon
is an online social commerce platform that facilitates an amalgamation
between concepts of social network/collaboration and E-commerce.
Initially incepted in 2009, it was further developed over the years,
finally being officially launched in its latest avatar on November,
2015. The unique approach of this company allows any user to connect
with other like-minded people and earn reward points in exchange of
sharing their personal experiences through its virtual platform, thus,
validating the company motto: CONNECT, SHARE, EARN.
Govinda Giri
Founder, Sagoon
Govinda
Giri is the Founder of Sagoon, an online social commerce platform that
share its revenue with every single user. As Sagoon chief architect,
Govinda is responsible for setting the overall direction and product
strategy of the company, managing the service and development of its
core technology and infrastructure.
Govinda
started his professional career as an IT engineer across major US
corporations. Having over 15 years of valuable experience in Information
Technology Enterprise Solutions with the US government and various
other private companies, he has proven expertise in network designing
and development of communication tools.
Equipped
with a strong background in IT and an extensive skillset which includes
SEM (Search Engine Marketing) and Product management, Govinda ideated
the concept for Sagoon when he witnessed how the scattered nature of
vital online services could confuse users. He created this dynamic
venture in order to create a digital platform where people can easily
access the realms of E-commerce and social networking at a single place
without any hassle.
Born
and raised in Nepal, Govinda is currently based in Washington, D.C over
23 years. He is a Cisco certified Network Professional and a Microsoft
certified System Engineer. He also holds a patent for Random Vector
Model Information Relation Method, a core technology developed to
resolve a computing problem. For his contributions to the IT sector,
Govinda has been felicitated with the ES Star Performer of the Month
award by L-3 Communications.
Sagoon
Sagoon
is an online social commerce platform that facilitates an amalgamation
between concepts of social network/collaboration and E-commerce.
Initially incepted in 2009, it was further developed over the years,
finally being officially launched in its latest avatar on November,
2015. The unique approach of this company allows any user to connect
with other like-minded people and earn reward points in exchange of
sharing their personal experiences through its virtual platform, thus,
validating the company motto: CONNECT, SHARE, EARN.
The
ambitious venture, conceptualized by Govinda Giri had humble beginnings
as a ‘search engine’ which provided customized search results for
people with varying needs and preferences. Over time, a shifting trend
was observed in user behavior and interaction with respect to their
online persona which pushed the focus towards ‘Search vs. Share’. In
alignment of this observation, Govinda upgraded Sagoon’s business model
and launched its revamped version as a social collaboration, with an aim
to transform the way people share and interact via social media today.
The
revenue model of Sargoon involves Digital card reselling, Digital
coupon reselling and fee & advertising, out of which the company
gains 10% via these transactions. Developed both as a website and an
app, Sagoon’s target audience is currently comprised of social media
users. With its user base estimated to reach up to 1.5 million by the
end of this year, the company hopes to swell this percentage to around 9
million by next year via development in business infrastructure and
technology. At the time, Sagoon is placing its focal view on the $300
billion worth social commerce market. It is currently seeking $800,000 –
$1million bridge capital, which can assist in accelerating its business
growth manifold.
Undeterred
by growing competition in this sector, Sagoon intends to gain a strong
foothold in the social commerce arena by providing its users a dynamic
platform which consists of: Features of social media and social gifting
at one place via Social smart card, Cash rewards which all users have a
share in from company’s earnings (5% revenue), and use of semantic web
and natural language processing technology. These features are intended
to allow a user to earn while they spend on gifts for their loved ones
or redeem gift coupons while they socialize.
The services of Sargoon are available both as a website and a mobile app across all platforms.