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Tagbin raises $10 Mn, eyes IPO by 2027

EntrackrEntrackr · 1d ago
Tagbin raises $10 Mn, eyes IPO by 2027
Medial

Tagbin, a company operating in creative technology and applied artificial intelligence, has raised $10 million in a funding round from SageOne Flagship Growth OE Fund, Jyotivardhan Sonthalia, Sanjay Kaul, Ramesh Damani, Moheet Agarwal, Siddharth Iyer, Abhinandan Lodha, and the Kurl on Group. The company also plans to launch an initial public offering (IPO) by March 2027. The fresh funds will be utilised for expansion across domestic and global markets, strengthening its AI and creative technology verticals, and supporting preparation for a public listing, Tagbin said in a press release. Founded in 2013 by Saurav Bhaik, Tagbin is a tech experiential company that blends creativity with technologies such as AR, VR, AI, and robotics to design immersive digital experiences for the government sector, including smart cities and digital museums such as the Pradhanmantri Sangrahalaya and G20 centres, as well as the private sector, including brand centres and digital showrooms. The company focuses on spatial transformation and tech-enabled solutions to create engaging, informative, and futuristic interactive environments. Over the past decade, Tagbin claims to have executed several of India’s prominent national showcases, experiential museums, AI strategy labs, predictive policing platforms, and command and control centres for central and state governments. These include the Pradhanmantri Sangrahalaya PM Museum, the Netaji Subhas Chandra Bose hologram at India Gate, the Har Ghar Tiranga campaign, the Brain and Mind Museum at NIMHANS, the Geeta Museum, and the Air Force Museum. Over the last four to five years, Tagbin asserts that it has maintained consistent profitability, supported by robust growth in both revenue and profit after tax (PAT). The company’s expanding order book includes high-value government technology projects, next-generation AI labs, and international experiential showcases. According to Tagbin, it has applied AI for governance, with solutions deployed across ministries, academies, and state departments. Key innovations include AI strategy labs, predictive policing systems, AI command and control centres, custom AI platforms, and AI holo twins.

Related News

Evenflow raises bridge round, eyes public listing by 2027

EntrackrEntrackr · 1y ago
Evenflow raises bridge round, eyes public listing by 2027
Medial

E-commerce roll-up platform Evenflow has raised an undisclosed amount in a bridge round from serial entrepreneur Shail Patel and some existing investors as part of its ongoing $5 million Series A round. The funds will be used to expand operations and grow its seven acquired homegrown brands — Xtrim, Yogarise, Rusabl, BabyPro, Trendy Homes, Cinagro, and Frenchware. The company aims to increase these brands’ global presence by entering new markets. This fundraise follows recent efforts to strengthen supply chain, marketplaces, D2C, and quick commerce, with new appointments and the elevation of Shashank Ranjan to co-founder. Evenflow operates in India and the U.S., claiming 350% growth on marketplaces like Amazon, Flipkart, CRED, Zepto, and Instamart. The company has outlined a long-term plan to increase revenue by 10X and profits six-fold by 2027. However, these projections may be challenging to achieve, as many roll-up platforms face scaling difficulties. In a media statement, co-founder and CEO Utsav Agarwal shared that the firm aims to prepare for an IPO by the end of 2027. Ecommerce roll-up companies were hot in 2021 and the space also delivered two unicorns —Mensa and Globalbees in the year along with 10club which raised $40 million in one of India’s largest seed rounds. However, the euphoria subsided with the wind up of global posterboy Tharasio and tougher funding environment. As a result, funding for these firms sharply declined over the past two years, from $540 million in 2021 to $70 million in 2022, $78 million in 2023, and $39 million in the current calendar year. While some, like Mensa, secured additional debt, GlobalBees and Goat Brand Labs took over 24 months to do so. 10club shifted focus to consumer brands, and Powerhouse91 and Upscalio haven’t raised funds in over two years. Amazon aggregator Thrasio faced near bankruptcy but recently emerged from Chapter 11 and appointed Stephanie Fox as its new CEO.

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