Risking millions of Dollars of Nepali? The Truth of Sagoon

In 2015, A huge event was organized in Kathmandu to launch Sagoon 2.0. Sagoon, a social gifting platform, said it was a revolutionary concept and made by Nepali people. Finally the day had come where Nepali were going to make big impact on IT field. Thousands of Nepali invested millions of dollar to support this made by Nepali platform. 7 years later, Sagoon has become irrevelant in online media, It barely makes any announcement these days and those investor who were promised that they will get millions in return are now stuck. This is the story of Sagoon.
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Research by: Bishwa Rai ( / bishwa546 )
Edited by: Ajay Khadka ( / khadka__ajay )
Animations and Thumbnail by: Rabi Kandel ( / proto_flex )
Sources:
www.nayapatrik...
cijnepal.org.n...
cijnepal.org.n...
techsathi.com/...
www.annapurnap...
www.annapurnap...
www.annapurnap...
myrepublica.na...
Sagoon KZbin Channel: / @sagoon5767

[@Hardik.Lohani]

One correction in the video - 9:53 Regarding Par value. Class C shares are not valued at $0.0001 because the company has set a par value at such. Even Class A and B are at the same value. Par value should not be confused with other common stock values - such as “book value” and “fair market value.” Thus, if a corporation’s common stock has a par value of $0.0001 per share, the corporation would be in violation of its charter if it sold any of its common stock for less than $0.0001 per share. So, par value that you mentioned in the video is not the 'value' of the shares but it is the lowest price company is allowed to bring their unit shares with dilution. I would urge you to research that bit and put a 'correction disclaimer' in the video description so, it is absolutely credible and transparent. One distinction between the classes of share is voting power and lock up period. And I agree with the rest of the video, I checked their 1-K SEC filings this company is in a dire situation. This is a total and utter charade! SEC should investigate this. Also for your question on 11:01- they likely raised cash of 2.2M USD in 2021. Their cash equivalent for the year 2020 was only 364,000 USD after a year it was at 2.5M USD. So, about 29 crore Nepali rupee with the current exchange rate was most probably raised in this new 'Mini IPO'' Giri and the gang should be very aware that Thenaros was investigated when it was a private company and Elizabeth Holmes was charged with securities fraud. Last week Trevor Milton - Nikola - EV company's founder was also charged with false claims and wire fraud. Giris's talk at a capital raising event where he claimed about the app charging battery can be deemed as false and misleading to investors. Also that HT deal looks like a wire fraud to deceive the investors. A couple of complaints from disgruntled investors and they are looking at the world of SEC raining down on them. SEC is not SEBON, they can bite! Sagoon SEC Filing for any one interested- sec.report/Document/0001104659-22-054003/

[@TheNepaliComment]

Thank you so much for correction ❤.

[@fenimorefillmore5322]

@@TheNepaliComment Election is coming so better make videos about current politics to educate our youth.

[@raifortress2933]

I wonder this person sounds much like Buddhas Love. Just one of thing. Great work ❤️ Guys

[@gorkhalipahadi6221]

@Prithvi Narayan Shah My respect to you bro timi jata ni xau educate gara bheda harulai keep going

[@Synergyatom]

Amazing case story, surprised by your detailing character.

[@TajaKhabarTV]

सहि जानकारी सहितको भिडियो बनाउनु भएकोमा धेरै धेरै धन्यवाद । नेपालमा पनि यस्तो भिडियो बन्न थालेकामा खुसि लागेको छ । 🙏

[@TheNepaliComment]

धन्यवाद❤

[@NoMoreWorriesMate]

You immediately know its a scam when they're marketing about an app that will replace the charger. K khayera auxa yesto soch vanya.

[@pacman3879]

Gaja

[@sh4doww113]

@@pacman3879 gaja haina gu khayera hola

[@ag1879]

That's some Jhapali shit

[@nasib2262]

@@ag1879 agree

[@nasib2262]

Sasta nasa

[@bibeklama5291]

Your presentation is just unbelievable. Its crystal clear how much of hardwork and research you have done to make this project amazing. Lots of love and respect dai

[@poozachhetri2811]

Yeti dherai research based channel haru ni chhan hai hamro #Nepal ma , khusi lagxa.. keep goin' bro! ❤️🍀⚛️

[@thefakedeal]

The quality of this channel keeps on getting better and better. Hopefully xittai 1M pugos.

[@Dineshtamang6267]

Um vaneko yesto informative channel ma chai jhan subscriber kam xa kai navako nataki channelharuma chai lakhma hunxan..🙄

[@nishanboharaofficial]

No matter what you do, don't remove the video bro. It doesn't matter if you show the information that they have made public so that everyone can understand it. They don't want everyone to know the truth.

[@Clipint]

This video will be automatically deleted after 48 hours.

[@bipinbhandari8781]

@@Clipint why?

[@rsienrose]

Yes it will be deleted soon

[@pj02d]

@@rsienrose it's been deleted already

[@MADARA-mn3vr]

@@pj02d horaa ma ta herdai chu ta😂😂

[@kibhattarai]

Thank you for detailed information about Sagoon. These people contacted me back in 2014-2015. From day one, I was suspicious that it was a kind of spam. I heard similar stories of other companies in IT field who raised millions of dollars & later bankrupt.

[@kushalghimire4206]

Don't remove this video. The truth must be told. We are with you brother!

[@alwaystruthNp]

Wonderful content! धन्य SEBON ले चाहिँ चाँडै थाहा पाएछ र सही काम गरेछ।

[@riteshbantawa4599]

सेबोनले मात्रै थापायो, उबेला उसको स्क्याममा पूरा सरकार साक्षी बसिदियो, होलातनि भनेर बिदेशी भुमिमा दुख गरि आर्जेको आनासुकी झ्याम्मै हालियो । एलेन र फेसबुक भन्दा खत्रा बन्ने भनो , नेपाली ले पनि गर्छ भनेर बडिनै सेन्टिमेन भको कुराो गिरिले राम्रोसँग थापाएछ 🤗😁 । अझै पनि बेला बेला मेल आउँछ, झिनो बचेको सगुनको साख लाई २/४ नजा ब्यापारी ले रामै दुहुँदै रछ 😁😂🤣🤗

[@Sammy...219]

This is called quality content ♥️♥️♥️

[@thelady2509]

My family members had invested in Sagoon and were in deep denial when I shared this video with them. They were saying Sagoon was still sending emails saying all these news were “fake” and not to trust these media. I couldn’t believe that even when these facts were laid out, they just passed it off as something “negative”…it’s kinda sad really..

[@usernotfoundhaha2541]

How much did they invest in total?

[@sudarshanacharya9]

you did good research. I think it's not a scam, it's failing.

[@vishalmagar5889]

CEO nowadays takes $1 as a salary and other income in buying stock to build trust to shareholder. But in this case, he take full income. That means he doesn't trust his own company.

[@begineergames8662]

Don't believe the 1$ hoax either. There's a lot of deep stuff about it, too lazy to type here. Do a search yourself.

[@mrrobot160]

They make money not as salary but according to the company share improvement which makes CEO to take a to make more money rather caring about their product or the user

[@nishant54]

Yeah it looks like that.

[@nishant54]

@@mrrobot160 Which is why they care about product to improve share price.

[@asn3069]

Trust build garna haina...tax bachauna ho....salary ko sato stock lida ..teslai sell garda matra tax lagxa

[@killinkillaz]

No worries brother we are with you ,whaaat lagae dinxam yasko ,he will be more famous in every flatform

[@Aerish369]

Just another awesome and detailed video from Nepali comment. Thank you

[@dipeshrai9481]

Nepali version of 'Think School' .. Loved your video brother.. I wish you keep on continuing posting this kind of videos.. Thank you

[@taakyaavibes]

Guys, Don't let this video be taken down...

[@ayushupreti5226]

Dai, love your videos. You always hit on key details relevant to the story. Short, sweet and to the point. Keep doing what you're doing!

[@Rob_Shak]

I have become a fan of these investigative and informative bite size reports..awesome job..keep it up..even told my ageing parents to look at these as easier for them to understand in Nepali..a truly world class endeavour..all the best..

[@shailendraadhikari5085]

English sunera tah USA return haina khadi return chae ho jasto lagyo..... Nwy great job bro. Hope to see 1m+ soon.

[@S0nam01]

tei sochi ra thye mailey ni ajjha Pentagon ma job garey ko vanxa teti english tw ma slc pass matra le ni boli dinxu

[@anilkc16]

Here before the video is taken down

[@raifortress2933]

Your doing a great job man keep it up 👍

[@praveshbisht8101]

Literally this is case study brother. This channels deserve at least 3 million subs now. Keep it up. Ma MBS gari sa k aba MBA garna jadai xhu and yo channel le mero matri bhumi li joderw rakheko cha

[@maverickagapito5793]

i registered on sagoon back in 2015, it was such a hype because of some entrepreneurs i used to follow back then. $5000 ko investment ko A+ Mini Ipo kinnush bhanne EMail aairakhthyo 😂😂 but honestly I thought it will make an impact, like Nepali Facebook, but it was pretty much urban focused and nor could attract much of the non-urban people of Nepal! A good and honest and pro-nationalist wala marketing gareako bhayea chai sagoon would have been a Nepali Facebook bhanne chai lageako thyo!

[@roshanthapa5152]

Hats off to your effort. Amazing video.

[@pratikguragain8650]

Request can you make video on siyona and Bharatpur stadium your video are really awesome wanna meet you once

[@ashmita8014]

Check in-depth of story

[@pratikguragain8650]

@@ashmita8014 already but this bro gonna doore depth research

[@namodat]

Keep up the good work of researching and presenting in interesting way.

[@shrestha7142]

amazing brother Hats off to you to make this kind of videos ☺️

[@TheNepaliComment]

Thanks ✌️

[@Ramrakura]

thank you so much for your hard work and courage.

[@sundartamangtamang4586]

Dherai ramro video banaunu hunx hjr le, dherai ramro lagx hjr ko yo sabai video ra real real story haru sundha ta jan ramro lagx ra kahiley na suni ko kura haru hjr le yo video bata vanu hunx so khusi lagx,so fare fare pani yestai nepal mah vako ghatana haru ko video banaunu hola,we are always supposed to you we love it

[@MrInsanedreamer]

wow such a intelligent channel...keep it up bro i'm with you

[@chujalpokharel2572]

Since the figures quoted in the video are solely taken from the information made to the public via published financial statements & other statements, there is no question of taking down the video. Instead, the video should be rewarded for making public awareness about the possible fraud...

[@suniljoshi1609]

Good job in creating awareness.

[@nabinbasnet2409]

Dai ko content ekdam ramro xa Soon 100k ❤️✊

[@TheNepaliComment]

Thanks bro

[@ag1879]

"We want to transprant the society, we want to chyanj the society through innnnovative" Lmaooooo that's me after attending my first IELTS class

[@aayam3476]

😂😂

[@Kot16169]

😂😂😂

[@bishalbhandari3219]

😂😂

[@railexdosch1360]

😂😂

[@AvaneeshYadavkingoftheworld]

😂😂😂😂😂 fuck man i’m rofl lmao

[@mr.silwal6397]

I really love your content! THanks and keep going

[@srijanme]

If people are dumb enough to believe the fact that an app can charge your phone battery then they deserve to be scammed.

[@RajendraAryal]

Quality content, well wishes.

[@jamyangpelmo5214]

You are a very daring content creator! hats off

[@madankbh]

It shows how investors are idiots, anyone can find this information online if they do little research. I have joined Sagoon as Senior Software Developer, initially I was proud that i was working for nepalesse company for first time but soon I realised and quit that job. The information in this video is 100% true & still there are many things (not good) that’s not covered here.

[@FootballConspiracyNp]

You turn and show us Amazing history 🙏💗 Lots of love The Nepali Comments 💗

[@TheNepaliComment]

Thanks ❤️

[@FootballConspiracyNp]

Welcome 💗🙏

[@chhabeeshah1895]

I love this kinds of videos. Love to The Nepali Comment 🔥❤️

[@TheNepaliComment]

Thank you ❤️

[@nepalijatra]

Sagoon is spam and everyone knows it by now. Thank you for a beautiful video.

[@Cristiano.Pawan7]

Keep growing brother 🔥🔥

[@whateveritcouldbe5725]

I love this channel with many reasons.

[@sandeepshrestha2464]

thank you i wanted this vdo long ago love this channel

[@kishanoffical5263]

kati ramroo voice maa present gare ko .. iam a fan of his voice

[@bren3631]

Appreciate Ur videos 👍👍🔥🔥

[@TheNepaliComment]

Glad you like them!

[@dannydel8617]

Thank u bro for such infooo 👍🏼👍🏼👍🏼

[@paramendra]

There is a simple industrywide formula for tech startups. How many active users do you have? And how fast is that user base growing? An active user is someone who uses your app at least once a month. If your user base is doubling every month, or every six months, then even if you are not making money, you are very likely to be a successful tech startup. I was involved with Sagoon for a few weeks in early 2015. I never got to see that data.

[@ak_naral]

*Isn't he the guy who sings, "Sunday Marning Love u"?*

[@JamesBond-eh6xz]

Thanks for making informative videos. Please do not invest on Sagoon, I invested & I was scammed.

[@watchmovie44]

Keep going brother💗💥

[@tabaesh]

True nepali creater❤️❤️

[@narayanwagle7737]

Great bro .....keep it up

[@shikhacreation1509]

wow..wonderful..keep going dai

[@checzovpreata6025]

super informative video.. go on.. support ❤️

[@zkfnd859]

Could you also shed some light on the mass exodus of skilled manpower, like doctors, engineers, nurses, etc. ? Also how the Nepal government is willingly propagating this exodus of youth abroad, just so they can get a taste of that "remittance tax".. P.S. Nepal is going to face a huge shortage of doctors and nurses in the coming 5-8 years. Even, reputed and established doctors are flocking abroad..... all the while, the policy makers do nothing to encourage the retention of this skilled man-power... Sahujis and influential doctors are themselves the policy makers and make policies that helps them gain their personal benefits....

[@adityaacharya2329]

I second this

[@adityaacharya2329]

This can have a grave impact in our country by the next decade.

[@tuleshwarshah]

Save doctors before it's too late. #hellosarkar

[@kumudkenedy9959]

Ho yar. Mero dai ni jana lagnu bhako cha baira yeta kam nabhayera. Such a shame for nepal

[@videosforyou2177]

Yo chunab ma sabai thotra lai pakha lagaunu parxa so vote wisely.

[@SanjogMainali]

Dont let this video down at any cost

[@indragurung4710]

Thank you for this very useful information. You have researched well and helped people to understand what exactly is Sagoon. It does sound more like a scam to me too.

[@shermannepali]

Khojekai video. Nice bro

[@TheNepaliComment]

❤️

[@bikramshrestha7024]

Sir election ko bare khi bolu paro , yi neta haru le desh lute .. U have good Followers sir, Nepal ra Nepali haru lai tapaile khi hat samma sachet garna saknu huncha.... & Really like you video , I pray best for you🙏

[@vidurkhadka8467]

Finally good editing

[@ranjanraj6911]

Thank you for the research and video

[@Anonymous-dp1vx]

Quality content. Keep growing

[@lostgamer1980]

A. Shows how little people actually know about tech. B. Being a systems engineer and running a company are totally different.

[@xeno.x0706]

how come I have never heard about this sagoon. not in school, not in college, and not even in university. how?

[@Theonerojo]

The research done for this video is insane.

[@ujjwalkarki9610]

App that charges your phone? I never thought of it even when I was high.

[@amritkoirala7804]

I can just imagine how much hard work you've put on this to make this video There might be lots of hurdles on the way but never stop bringing such quality content and exposing the truth 💡 More Support to you brother ✊🙏

[@bemotivated5862]

hats up❤️

[@taakyaavibes]

Want video on candidates with their agenda in upcoming elections in major places. No Matter how long is the matter.

[@riteshbhandari6154]

Keep growing 💗

[@anuragjha4825]

Now they threatening to take down the video. Scammers

[@JEPPT]

Dai, you inspire us to continue making videos. ❤❤

[@wanderingking6634]

you here too?

[@JEPPT]

@@wanderingking6634 YES, COMRADE XD

[@oyeemahendra]

This is not only The Nepali comment It's our The Nepali comment ... Read more...

[@santakumarmaharjan7425]

Yes its our The nepali comment😊

[@krullsull]

People always makes mistake when they think high risk means high reward. That is a mistake. Correctly, it’s high expected return needs high risk. The risk means variability and return is not 100% sure.

[@amitaryal543]

Great presentation. Everyone knew Sagoon was a scam from the very beginning. If truly legitimate, investors would be lining up to buy shares. They’re not. Instead the company is fleecing innocent Nepalis by screaming patriotic bullshit about Nepal.

[@sarubhujel3777]

Subscribed!! Really informative

[@bishal.dangol]

Khatra dai.

[@ganeshtiwari4209]

Kp oli praising scammers is nothing new in this country.

[@spinoglenoidnotch]

TRUE

[@pranayashshakya1046]

Sir what is sagoon vanne pani euta video chaiyo

[@riteshbantawa4599]

भिडियो को लागि धन्यवाद , सगुनको अभागी लगानिकर्ता म पनि हु , हाहा... नो आईडया के गर्ने होला

[@rp.srijan]

Wow Dipesh, You are doing a Great Job. Content Creation मा नेपाली Contest मा it is Amazing. Good Luck. म चाहीँ तपाईँको Content Research र Video Editing देखेर निकै प्रभावित भएँ । Particular यो Subject मा चाहीँ मलाई अचम्म लाग्थ्यो यो सगुन ले यत्रो पैसा उठाएर कहाँ के गरीराको होला दोश्रो Facebook बनाउन लागेको Company को Interface समेत उराठ लाग्दो थियो ।

[@Kot16169]

Love your videos ♥️

[@sarojparajuli]

Why the hell on earth do people believe that an app will charge your smartphone's battery. It's as funny as hell.

[@lahuretrainingschool2006]

i never believed sagoon...from initial ..some knowledge with IT & Entrepreneurship can understand his concept clearly that his vision is not calculated.

[@naturalsoundsonly]

Great work brother, can you please make a video on success story of waiwai .

[@mixcelebrityworld]

One of my favourite informative chanel 🌹🌹🌹

[@TheNepaliComment]

Thank you so much 😀

[@acousticAFK]

When he said allen muss and mark zukBurger fessbook i felt that

[@Ace-gw5py]

An app that doesn’t finishes the battery of the phone? I would’ve walked out of the conference hall the moment he said that. What bs

[@wethegamer]

Your work 💯💯👏

[@Dexter_1923]

App lay kasari phone charge garnu sakcha. Lata ko desh ma kuni k tanneri

[@rajanlimbu9978]

I remember reading article about Sagoon in Setopati ..

[@bibekpokharel6395]

i love This contain ❤❤❤❤❤❤❤

[@himalthapa9730]

Good work keep it up bro

[@sukuti]

Case of " fake it until you make it " gone wrong!!! But unlimited charging app or whatever they are calling it shows how arrogant and confident they were. This is sadly true in most IPO of shares brought by Nepali retail investor thinking it's a golden ticket to 100x their initial investment.

[@thexboy4479]

I like all your videos bro Love from Bhutan

[@tshawchit]

As a software engineer, app bata battery charge garne bhane pachhi hamile ta tei bela criticize gareko ho yo app lai. To this day we still don't know what this "innovative" app really does.

[@r3yuk682]

Manchey lai thagni kaam garcha tyo app ley

[@tshawchit]

@@r3yuk682 true that