Making its presence felt in realm of social commerce, Sagoon achieves greater user penetration

New Delhi, June 21, 2016: Sagoon, a Washington DC and New Delhi based online social commerce venture, announces its latest achievement of acquiring over 2.5 Lakh users registered in its platform. The unique startup enables its users to Connect with like-minded people, share interests, and in the process earn some money, practicing the company motto – Connect, Share, Earn.

Ever since Sagoon began its operations, it has witnessed an increasing number of users registering from both India and Nepal. Regions with maximum user penetration include: - Delhi & Bangalore(India), Kathmandu, Pokhara, & Biratnagar (Nepal), and Dubai as well.

Commenting on this achievement, Swati Dayal, Co-Founder, Sagoon said, “It is an important achievement for us. We have gained 2, 55,000 users in just two years, which clearly shows what Sagoon is capable of. For us, the experience of users at Sagoon holds utmost importance and we will continue to improve it through regular updates.”

The average age group of users in this platform is between 25 and 34, i.e., the Millennial. Apart from its already registered customers, Sagoon currently has over 1 million potential users on its waiting list – an estimate that is proof enough of its remarkable growth and success.

Since its launch in 2014, Sagoon’s growing user base has shared more than 2 million messages. Each user, on an average, invites 12 new users, thereby helping the company scale its business manifold.

Currently, Sagoon is all set to enter the next phase of business funding via private Placement, which will be followed by Mini-IPO. By the end of this year, the company will launch its ‘Social Smart Card’ – an online shopping card that allows users to earn money, spend money and redeem coupons or gift their loved ones while they socialize. Furthermore, Sagoon will start accepting endorsement opportunities in early 2018 to maximize its visibility among a wider user spectrum.