Sagoon

Sagoon

Closed: Dec. 2018

About this raise

Sagoon is a social commerce app that enables users of all ages to connect, share, and earn. Free to use, Sagoon allows users to communicate socially, shop, and be rewarded for doing so. The multi-application platform offers three products, and its Android app is available for global users, with an iOS app coming soon. Launched by Bollywood star Shraddha Kapoor in January 2018, one million people have since downloaded the app. Sagoon boasts 2.3M users, 25,000 organic new user sign-ups, 10M page views, and 65M waiting users. The bottom line? Sagoon is on a social mission -- they want to change the way we use social media, and they’re out to make that a reality...one new user at a time.

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Investment Overview

Invested this round: $225,561

Deal Terms

Total Commitments

Platform
StartEngine
Start Date
07/02/2018
Close Date
12/28/2018
Min. Goal
$10,000
Max Goal
$1,070,000
Min. Investment

$1,012

Security Type

Equity - Common

Company Stage

Growth Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$23.00

Pre-Money Valuation

$78,300,000

Company & Team

Company

Year Founded
2006
Industry
Media, Entertainment & Publishing
Tech Sector
Distribution Model
B2C
Margin
Capital Intensity
Location
Woodbridge, Virginia
Company Website
Visit Website

Team

Employees
25

Financials

Financials are not currently available for this company. This may occur if the company is still Testing the Waters, is a Regulation D offering, or if the financials are still under review and being confirmed by our team. For Reg CF and Reg A+ raises, please check back later.

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
12/28/2018 StartEngine $78,300,000 $225,561 Equity - Common Funded RegCF
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Sagoon on StartEngine
Platform: StartEngine
Security Type: Equity - Common
Valuation: $78,300,000
Price per Share: $23.00

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Warning: according to the close date for this deal, Sagoon may no longer be accepting investments.

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