From the US, Sagoon founder Govinda Giri shared, "Sagoon has qualified for mini IPO here in the US and will now be able to sell shares to the public. Under the new provision, startups that meet certain conditions like being a registered company in either the US or Canada, and with taxes for the two years filed and audited, can now raise USD 50 million. So now our users can buy Sagoon's shares, too."The shares will be open for sale from April. According to Giri, Sagoon plans to raise at least USD 20 million.
About the latest version of the networking site, Raju Kattel, tech head of Sagoon, stated that the new version has some minor changes in the interface but the most important changes are that the old bugs have been fixed. Sagoon 2.1 is much quicker to use and the notifications also show up quickly and come with a beep sound so that users are instantly alerted. Friend requests are also easier to send or receive. Users can now track how many viewers are looking at the secret they've posted and check where the viewers are from.
Old features like the chat list with the different mood boxes and the daily routine manager have been named Mood Talk and My Day, respectively. There's also a dual clock system in the app.
Sagoon will also launch its mobile app by mid 2016.
Related story
Sagoon files for regulation A+ (Mini-IPO), plans to raise $20 m...
