Sagoon extends deadline for transferring money till Dec 8

December 3, 2017


Kathmandu: Sagoon (, a social ecommerce startup founded in the United States by Nepalis, has said that it will close the second round of funding on December 3, 2017 (as per New York local time).

The funding was supposed to close on November 30, but was extended by a time period of 72 hours over excessive last minute-rush.

The social ecommerce startup said that meanwhile the deadline to transfer money has been extended till December 8, 2017 for those who have filled up the applications, addressing the grievances in transferring money owing to public holidays.

In a video message, Sagoon's co-founder Kabindra Sitaula informed that the arrangements have been made so that those filling up the application for funding till December 3 can transfer the amount till December 8.

As shared in the video message, people can invest till 12 midnight on December 3 as per New York local time. That means people living in Japan can invest till 2 pm (local time) on December 4. The same applies to those living in Seoul, South Korea. Those living in Sydney, Australia can apply till 4 pm (local time) on December 4, and for those in London, the deadline will expire at 5 am (local time) on December 4.

Likewise, Sitaula shared that special arrangements have been made for the investors. As per which:

Those investing USD 1,000 and more will receive a special invitation for the first AGM of Sagoon.

Those investing USD 10,000 and more will be invited to Sagoon's AGM and their names will be kept at each and every offices of Sagoon worldwide.

Those investing USD 25,000 and more will be entitled with all the aforementioned benefits and their photos will be kept at all the Sagoon's offices worldwide. Likewise, they will be honored at the app launch program to be organized in India and will also receive a two-way airfare for the program.

At the last of the video message, he said: "We had extended the deadline till December 3 following immense participations. But, the deadline can't be extended yet again. So, invest soon to avoid the last-minute rush. If you have any doubt regarding any queries on investment, you can receive their answers through live chat at Sagoon's website and hotline."

He thanked all for the support from around the globe and hoped that the support will be helpful to take Sagoon near to success.

Leave a reply

HTML Tags are not supported

Click on captcha to refresh

Post My Comment »