Making its presence felt in the realm of social commerce, Sagoon achieves greater user penetration


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.

Making its presence felt in the realm of social commerce, Sagoon achieves greater user penetration

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.