This comes in the wake of calls from many Nepalis, who were eager to invest in Sagoon's first round of funding, but were unable to do so.Sagoon's present management, in its recent board meeting, discussed the idea of being open to funding by the Nepali community, it is learnt. For the same, Sagoon has registered Sagoon Investments, LLC in the state of Maryland.
This opens the doors for the community that has faith in Sagoon's vision and is willing to take the high-risk, high-reward opportunity.
Sagoon Investments, LLC was formed to bring together investors in Nepali community to finance and execute this on-going business plan. This is likely to appeal to those who see opportunity in investing in Nepali business entrepreneurial mindset at a global level, while reaping financial profits at the same time.
According to sources, the investment opportunity is, however, for a limited time period.
Sagoon, designed and developed by Nepali entrepreneur Govinda Giri, is a social media platform. The innovative idea and vision is a result of Nepali community's investment (in the first round), with which a business operation office was set up and human capital development program was launched in Nepal and India.
With limited funds in hand, Sagoon V 1.0 was launched and was able to acquire Rs 172,000. Due to the open feedback and interest shown by Sagoon's daily users, it is on its way to bring Version II along with mobile applications to the market in the next six months. This is where the second round of investment will be used.
We were also told that Sagoon Investments, LLC will be visiting different cities in USA to showcase its products. Sagoon team is visiting New York on Sept 13, Baltimore 20 September, North Carolina on October 3 and Washington on October 4.
The Version II of Sagoon is set to be launched in Kathmandu, Nepal, in October. Sagoon founders will be arriving Nepal for the launch and participation in Non-Resident Nepalis Association conference in Kathmandu, next month.
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