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Social Commerce Platform Sagoon to Launch Mini-IPO Offering

18Jul By Gauri SinghNo Comments

Market

Social Commerce Platform Sagoon to Launch Mini-IPO Offering

The social commerce platform Sagoon has reportedly announced that it will be closing its successful mini-IPO (equity crowdfunding). The mini-IPO will be offered on 26th July 2018. The investors that might be interested in buying the shares of the company can buy it until the midnight of 26th July. The mini-IPO had been launched in 2017 at $23 per share with a minimum investment of $1,000 and was offering Class C common stock. Since then, the company raised about $4 million from over 3,500 global investors who share Sagoon’s vision of a social commerce platform that helps users to Connect, Share, and Earn. Apart from this, it also raised around $5 million from a strategic partnership. “We are so thankful for the support we have received from our investors and partners who share our v...

Social Media Startup Sagoon Plans to Raise USD 1.8 mn By Diluting 10 pc Stake

Indian social media startup Sagoon plans to raise USD 1.8 million by diluting about 10 per cent stake in the company. "We are raising maximum of USD 1.8 million at a valuation of USD 15 million. Per share selling price is USD 3.75," Sagoon founder Govinda Giri said. Started in 2014, Sagoon offers a social commerce platform for users worldwide and plans to launch an equity crowd-funding initiative with the help of Bankroll. "The amount of capital raised will be used to expand the platforms user base, enhance product infrastructure and develop and launch a mobile app," Giri said. Sagoon also plans to introduce its social smart card later this year which rewards users for interacting with the sites features. Users will receive a free smart card when they...

5 Indian Social Commerce Websites That Let You Confess and Share

Social commerce is no more a space occupied by the likes of Instagram, Snapchat and a few other influential brands like Twitter and Linkedln. In fact, the networking giants like Instagram and Snapchat have now shown way to newer social commerce startups how to attach with the audience. These below mentioned social commerce platforms let you create meaningful conversations, along with building social networks. They not just enable you to share experiences but also let you earn reward points. 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. ...