Sagoon to reward additional shares to investors | brand stories | Hindustan Times
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Sagoon to reward additional shares to investors

The social e-commerce platform will give out additional shares to supporters who invest $10,000 or more in the last five days of its mini-IPO offering.

brand stories Updated: Jul 30, 2018 15:25 IST
Sagoon,Govinda Giri,Mandira Bedi
Govinda Giri, CEO and founder of Sagoon India(Sagoon)

Sagoon, a social e-commerce platform that enables its users to Connect, Share, and Earn, is closing its mini-IPO (equity crowdfunding) offering on the midnight of July 26, 2018 (New York time). So far, the company has approximately raised $5 million from 3,500 global investors who share Sagoon’s vision of creating a new social world from South Asia. The company has also raised approximately $5 million from a strategic partnership.

In the last five days of the third round of the mini-IPO, the company made a huge announcement for interested investors who had been requesting for better rewards for investing more. The announcement says: For an investment of $10,000 or more, Sagoon is offering additional $1,000 worth of shares. And for an investment of $20,000 or more, the company is offering an additional $2,500 worth of shares.

Govinda Giri, CEO and founder of Sagoon India, says, “With this we want to build a world full of opportunities for our investors and thank them for the continued belief and support they have given us in our journey. With this kind of love, we can sure to achieve our aim of change the way the world socializes soon.”

Sagoon is currently working on the development of its IOS app after the successful launch of the Android version in January 2018 by Bollywood star Shraddha Kapoor. The team is also working to develop a Social Smart Card, which will allow users to earn money while socializing on the platform. As per sources, the card will be launched by the year-end.

Sagoon’s third funding round ends on July 26, 2018. Interested participants can visit www.sagoon.com/invest for more information.

About Sagoon

Sagoon is an early-stage social e-commerce platform that offers users a chance to make money while socializing. The word “Sagoon” is derived from the Sanskrit word “Shakuna”, which means “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.

First Published: Jul 24, 2018 15:10 IST