Sagoon Surpasses 1.1 Million Global Users
Company reaches user milestone on its web-based social commerce platform as it prepares to close a successful RegA+ fund raise and launch its app later this year
WASHINGTON D.C. – November 28, 2017 – Sagoon, the social commerce platform enabling its users to Connect, Share, and Earn, today announced it has reached a crucial growth milestone, surpassing 1.1 million global users on its web-based offering.
The user milestone is an important one, as the Company prepares to launch its long awaited mobile app in December. The Company has already established brand familiarity with a substantial user base, and seeks to utilize that loyalty to drive sharing and engagement once the app is launched and available to the public.
“We are thrilled to have passed the one million user mark on our web platform so quickly, and with such a diverse and global audience,” said Govinda Giri, founder and CEO, Sagoon. “From the beginning, we’ve sought to build a social network that met the needs of a broader group of people, and the response we’ve gotten from our users – all 1.1 million of them – has shown us that we are headed in the right direction. But our journey does not stop here. We have many people yet to reach, and with the launch of our app next month, we will continue to help as many as we can to connect, share, and earn.”
The Company is also completing its Regulation A+ offering, launched earlier in 2017, on November 30. The offering enables investors to purchase Class C common stock at $23 per share with a minimum investment of $1,000. Since, it has raised more than $3.2M, supported by more than 2,000 investors globally that share Sagoon’s vision of a social commerce platform that helps users to Connect, Share, and Earn.
“We’ve received tremendous support from our users and investors across the globe, and are excited to have so many people share our vision for a better social network,” said Giri. “For those interested in investing, there is still time but it is running out. We’d love for you to be a part of our story.”
Sagoon solves a glaring problem in today’s U.S. social media landscape – U.S. social networks are not set up for ecommerce. Direct commerce between users and sellers and amongst users is prohibited, and users earn no financial rewards for being a direct source of revenue. There is also a missed opportunity to make gift cards, coupon offers, and discounts purely social.
Regulation A+ offerings provide an opportunity for the non-accredited general public to invest and own stock in the company. The company is currently accepting investments from public and institutional investors until November 30, 2017 and can be accessed through our website www.sagoon.com/invest, where the Offering Circular is posted.
Sagoon is an early-stage social commerce platform that offers users a chance to make money while socializing. The word “Sagoon” is derived from the Sanskrit word “Shakuna”, meaning “an auspicious moment” or “good luck”. First launched as a search engine in 2009, Sagoon evolved into a social commerce platform in 2014 with the mission of helping people to better Connect, Share, and Earn. To connect with Sagoon, visit www.sagoon.com or “Like” the Company on Facebook. To invest in the company through its Regulation A+ offering, please click here.