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Tech start-up Sagoon raises Rs 3crore seed fund

Tags: Sagoon, start-up, fund, Social Smart Card, ME Page, online shopping, Angel investors

April 27, 2015 | COMMENTS ( 0 )

Tech start-up Sagoon raises Rs 3crore seed fund

Sagoon, a Washington DC-New Delhi based tech start-up has announced that it has raised Rs 3 crore seed funding lead by several Angels’ Investors.

The funds will be used for product development, engineering and team expansion in India to support future web and mobile applications.

Earlier in February, Sagoon introduced ‘Social Smart Card’ and ‘ME Page’ as trial version, to become a part of company’s vision for Web 3.0.

The Social Smart Card is a one-stop-shop digital card solution designed for users, customized to enhance their online shopping, buying and gifting experience.

“The ME Page brings to life your personal and professional outlook. It personalizes all the content, tailor-made to fit users’ taste in an exclusive, accessible way. ME Page is also a professional overview of your achievements and a personal impression of your social life,” said the company’s official release.

As of now, Sagoon has more than 146,000 registered users, and growing 20 per cent every week. Approximately, 15 lakh users are in the waiting list, all ready to sign up. About 48,000 ME Pages have been created and more than 5, 00,000 text messages and photos have been shared since this inspiring new feature has been announced.

Govinda Giri, Founder, a one-time system engineer in Pentagon, said, “We are very lucky, and are extremely proud of having such great Angels’ Investors who believe in our vision. Their faith has rewarded us to take this great step towards an incredible future.”

Swati Dayal, Co-founder and Executive Director, Sagoon India, stated, “The road ahead is more challenging, and we are ever so excited about it. Our goal is to make Sagoon India’s first social network, and we are well on our way to make it big.”

In July 2014, Sagoon launched a suite of applications in beta that included the ‘Secret’ and ‘Occasion’. These applications allow users to tell their story in pictures, reveal secrets and share personal moments.

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