2.2 Million10% growth weekly *
3000+Growing every single day
$4.8 MillionContinue Raising
40Worked at Google, IBM etc.
Sagoon (the “company”) - a Delaware corporation (USA) is a Social Commerce Platform that helps its users build a rewarding life through the social path: Connect. Share. Earn.
As the Internet has continued to evolve over the last decade, we’ve seen significant shifts in the way we do things, most notably in two areas – how we communicate and how we make purchases. Social media has grown to be a steady presence in our everyday lives, as 2.8 Billion people across the globe now use at least one network. E-commerce is no different, as we’re now able to shop from anywhere, at any time, on any device, bringing a world of products to our fingertips – so much so that a recent estimate suggests the global business-to-consumer cross-border e-commerce market could reach $1 Trillion by 2020*.
What’s missing, however, is a platform where users can both communicate socially and shop, and be rewarded for doing so – until now. Sagoon seeks to pioneer the monetization of social media, enabling its users to earn financial rewards while connecting with their friends and loved ones, and sharing experiences from their day-to-day lives.
People want their lives to be more fruitful. We just don’t want you to connect. We want you to build a beautiful relationship with your people and want your time here in Sagoon to be useful - productive and better organized.
We understand that each relationship in your life is special. Our aim is to enrich the quality of interactions with the people who matter most to you. We don’t want you to share everything you find with your people. That creates boring relations. Instead, share your experiences, feelings and thoughts that would create better bonds or turn out to be a life-saving gift to others.
We want to share our earnings with you. By spending time with us, we want you to learn, enjoy, and earn knowledge and cash rewards.
- Amount of Raise Goal of raising is $5 - $20 million
Type of Shares
Class C Common Shares (1/10-voting)
(Dividends: We do not anticipate paying dividends in the near future and any dividends will be dependent upon future profits, if any )
- Share Price $23 / Share
$1,000 (43 shares)
(We recommend a minimum wire investment of $1050 to avoid any deficits or insufficient funds resulting from applicable bank wire transfer fees and charges)
- Maximum Investment for accredited investors No limit
- Maximum investment for unaccredited investors 10% of their annual income or net worth
- Subsidiaries Sagoon India Private Limited (100% subsidiary) and Sagoon Nepal Private Limited (100% subsidiary, registration in process)
- Legal Counsel KHLK LLP
- Back-end Processing Craig Denlinger (Artesian CPA)
- Escrow Service Prime Trust, LLC
- Transfer Agent Computershare Inc.
- Credit Card Processing Vantiv, LLC
- This is a best efforts offering so there will be no returns. Further, this is an illiquid investment; thus, there exists no exchange for investors to liquidate their positions.
- Prior to investing, to review the specific details of the offering, please download the Offering Circular.
Developing mobile apps for Android and iOS devices.
Marketing and Advertising
Developing an advertisement system and sales channels; launching and marketing in South Asia and the United States.
New Product Development
Introducing our most awaited feature, “Social Smart Card”.
Research and Development
Setting up a technology lab in IIT New Delhi for further research and development of technology.
Management and Office Space
Adding industry-recognized talent to our team and expanding office space in New Delhi and Washington DC.
We are focused on more than $300 billion social commerce market. We intend that our major revenue sources in the first phase will be “gifting and socializing” coupons.
We are a very passionate and committed team of entrepreneurs, who have full confidence in what we observe, perform and execute.
We have a long-term vision. Since inception, we have been located in the United States and India - where more than 500 million potential users access the Internet. We are also located in Nepal - a transit spot to China where more than 700 million potential users surf the Internet.
We believe we are the pioneer of social media monetization – a unique business innovation that has the potential to change the way the social media landscape is used today.
We are developing the opportunity for users to earn money while they socialize with their loved ones; it will be made possible through a ‘Social Smart Card’ that we believe creates a spin cycle of positive outcomes - more gifting, more advertising. That is our plan for successful growth.
We are positioning Sagoon as a social movement. The motivation in investing in Sagoon is not just to get financial returns but also to foster innovation from an isolated community and underserved market.
The word 'sagoon' is a well-recognized household name among billions of people in South Asia and other parts of the world.
Investing in startups is risky. Please read all the risk factors set out in our Offering Circular.
We operate and function majorly from India, which lowers our product development cost five times as compared to our competitors’.
Users will receive an online “Social Smart Card” that allows them to redeem coupons, give gifts, and also earn financial rewards – all while socializing with friends and family. Its usage will allow every user to earn a percentage of Sagoon’s revenue.
We plan to use a data-retrieving method based on advanced mathematical formulae that support Semantic Web and Natural Language Processing (NLP).
Product and Services
We offer our users to indulge in social media and online gifting from a single platform. This way we allow users to save time that one often wastes while going from social sites to different online gifting sites.
South Asian Market
We think we can hugely influence this market as we believe we culturally fit into it more easily than our competitors.
Highlights of the app launch:
- Bollywood actress Shraddha Kapoor launched Sagoon mobile app
- Popular television presenter and actress Mandira Bedi hosted the event
- Sagoon founder, Govinda Giri announced the third funding round
- Kalyanam dance group powerfully depicted the ill-effects of social media
In progress: The Social Smart Card
Social Smart Card is a single digital card for fulfilling all the shopping and gifting needs of our users. It allows users to earn money while shopping, redeeming coupons and gifting their loved ones.
We are planning to launch the beta version of Social Smart Card by the first quarter of 2018. In this regard, we have successfully built a 7-member team, ranging from developers to product managers, and started the development process.
For more information, please read our Offering Circular.
We believe that the company is set to disrupt the $300 billion worth social gifting market and plan to share its earnings with every single user by creating the social path: CONNECT – SHARE – EARN.
Sagoon intends to achieve its mission of making the world a better place to live by helping people build true connections, share useful experiences and earn while socializing. We believe reinventing the concept of social gifting would improve people’s relationships and make them cherish each moment spent with their loved ones.
We discovered that people had many friends but little closeness, that they had many connections but few real bonds.
Keeping this in mind, we created Sagoon - a social commerce network focused on cultivating closeness and bonds, and creating close relationships. We wanted it to be unique, in that we meant it to be a ‘problem solver’; one that adds value by humanizing, providing a platform to voice your opinions, feelings, emotions or even confessions — without being judged.
Therefore, we call Sagoon a “social movement” - CONNECT – SHARE – EARN
We are in India: Sagoon India Pvt. Ltd
We are in India to reinvent the wheel. We plan to combine the experience, culture and success of Silicon Valley with the incredible talent that gives India the chance to change the world. Our plan is to roll out the same culture of product delivery, the same business model and retail concept, the same game plan, the same investment opportunity, the same employee benefits, and the same successful management team that a Silicon Valley company would.
We believe we have the potential to go bigger and much better because of the size of the South Asian market compared to the U.S. market – more than 500 million Internet users at present, a figure that is projected to reach more than 700 million by 2018. We have a team and an infrastructure already in place. We plan to hire and build a bigger team with key management, developers and engineers after closing this offering.
We are in Nepal: Sagoon Nepal Pvt. Ltd.
We are in Nepal to leverage the full potential of the hidden talent that this mountain nation possesses. We admire the hard work, the appetite to learn new things and the hunger of Nepalese to carve a name for themselves to the extent that we have planned to start making a framework of the IT hub in Nepal. We already have established an office in one of the prime locations of Kathmandu and that is just a start.
A word from our founder
— Govinda Giri
We have a vision of a world where everyone makes money while they socialize.You can help us achieve that vision by investing in Sagoon.
Let me start with a few words from my journey.
In 2006, my favorite search engine was Yahoo, and then Google. Still, I was not happy with their search results - 10 blue links on the end-user device. So, I started Sagoon as a search engine and launched it in 2009. I wanted to offer users more relevant and personalized choices on the first page of search results itself.
In 2012, with the rapid development of mobile and internet our offline lives started shifting online. More than 2.3 billion people were using social media but not everyone was loving it. Hundreds of millions of people were going through social anxiety and isolation every day and spending hours and hours on social media, resulting in zero productivity. That inspired me to build a social commerce platform with the strong motto: Connect. Share. Earn. Sagoon will revolutionize our social lives and help build a more connected world, with meaningful relationships, and also allow people to earn money while they socialize.
In order to achieve this amazing mission, we need financial support, but my choice, as always, is not to chase BIG investors. Rather, we want to use this opportunity to connect with people like YOU who can join us, believe in us, and share the dream to make the world a better place to live, and also, potentially earn money as their investment returns. It is possible for the general public like YOU to buy a piece of a company like Sagoon, and to be a part of innovation - an opportunity was not available during the early stages of companies like Google, Facebook and Twitter.
We already have more than 3,000 investors who have joined our mission and put their faith in Sagoon and we are very thankful for their support. We have more than 50 team members who are working hard, day and night, to soon release our mobile app, along with several projects that are in the pipeline. But there is still work left for us to do to change the way we Connect, Share, and Earn.
Won’t you join us?Jaya Sagoon!
Disclaimer- please note, investing in an early stage company like Sagoon, is very risky. Please read our offering circular before making any investment.
Questions & Answers
Can I invest?
Everyone can invest online in Sagoon, a US company, by completing a simple investment form.
The SEC now allows Regulation A (also called Reg A+) offerings to raise investment from both unaccredited and accredited investors. Who is an accredited investor? An individual who has a net worth in excess of $1 Million (excluding his or her primary residence) or has had an annual income in excess of $200,000 ($300,000 if joint income) for the past two years.
If you are a non-accredited investor, you shall not invest more than 10% of your net worth or 10% of your annual income.
Investors outside the USA may also be eligible to buy shares. You must ensure that your situation and local law allow you to become an investor wherever you live or invest from.
What should I do before buying shares?
Please read our Offering Circular carefully.
How do I buy shares?
It’s simple. Just click on ‘Invest Now’ and fill the required details.
How much do shares cost? Is there any fees?
The price of a single share is $23. You can buy any number of shares. There might be a small fee involved which your local bank may charge for wire or credit card payment.
How do I pay for shares?
You can pay using any of the following options:
- Credit Card or Debit Card
- ACH or Check (if you have an account in any of the US banks)
- Wire (All international investors)
What happens when I purchase shares?
Once the investment is complete, your money will be transferred to an escrow account as an independent escrow agent.
When we accept your investment, and some regulatory procedures are completed, your money will be transferred from the escrow account to Sagoon in exchange for your shares.
You will receive a confirmation of your investment and a subscription agreement via email and you will become a co-owner of Sagoon Inc.
How long will shares be available to purchase?
As per SEC re-qualification, we are allowed to open up to the 12 months from the date of qualification, but the company can close this offering any time on its sole discretion.
Can I sell my shares in the future?
Your shares can be freely sold, if you find a buyer for them. While we intend to seek a listing or quotation on a stock exchange or market in the future, there can be no guarantee that we will succeed in doing so in the short term or ever.