Sagoon
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 Govinda Giri in 2009, but he faced a ridiculously rough capital environment and after 14 months of trial and error, he had to shut down his search engine.
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. 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.
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.
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.
In May 2015, Sagoon launched "Sagoon Social Smart Card". The digital card is based on an incremental value model.
In 2016, Sagoon successfully raised $500,000 in the seed funding phase, although many people view it as a Ponzi or pyramid scheme.