Gurugram-based experiential technology company Tagbin has raised $10 million in a fresh funding round to expand its artificial intelligence platforms and immersive digital design capabilities, while preparing for a public listing targeted around 2027.
The funding round includes participation from SageOne Flagship Growth OE Fund, stock market investor Ramesh Damani, Jyotivardhan Sonthalia, Sanjay Kaul, and the Kurl-on group. The capital is expected to support growth across Tagbin’s creative technology and AI-led business lines.
Founded in 2013 by IIT graduates Saurav Bhaik, Ankit Sinha, and Chetan Bansiwal, Tagbin operates at the intersection of experiential design and data-driven platforms, serving government bodies and enterprise clients across India.
Funding and Investors
The newly raised funds are expected to be used partly to meet working capital requirements linked to large government contracts. Such projects often require long-term performance bank guarantees, which can lock up capital for several years.
Tagbin reported revenue of over Rs 100 crore in the last financial year. Around 60 percent of this came from experiential and creative technology projects, while the remaining 40 percent was generated from AI-based platforms and solutions.
The company is targeting revenue of over Rs 200 crore in the current year. It stated that a significant portion of this target has already been achieved, supported by an active pipeline of projects across small and medium enterprises and public sector departments.
Creative Technology Focus
Tagbin’s experiential design arm works on large-format digital installations and immersive experiences using technologies such as augmented reality, virtual reality, artificial intelligence, and robotics. These projects include interactive museums, public exhibitions, and smart city installations.
Some of its work has involved national-level cultural and public installations, with individual projects often running into tens of crores of rupees. These contracts are typically project-based and contribute to one-time revenue.
The creative technology vertical remains capital-intensive but continues to anchor Tagbin’s positioning as an end-to-end experiential technology provider for large public and enterprise clients.
AI Platforms and SaaS
Alongside creative projects, Tagbin has been building AI-driven platforms focused on data unification and analytics for governance and enterprise use. These platforms are designed to help organisations work with fragmented datasets and generate insights for planning and decision-making.
State governments and public agencies have deployed these systems for policy analysis, operational planning, and pilot projects in areas such as public safety and urban management. This business generates recurring revenue through licensing and maintenance.
The company also plans to scale its enterprise SaaS product, Workly, which integrates communication, workflow planning, and AI tools. Expansion into international markets is expected to follow as the product matures.
IPO Outlook
The planned IPO by 2027 reflects Tagbin’s intention to balance project-led creative work with scalable, subscription-based AI platforms. The company operates in a growing market supported by Digital India initiatives, smart city programmes, and rising public investment in technology-led governance.
While challenges remain around execution cycles, capital requirements, and data governance, the company’s hybrid revenue model is expected to provide stability as it moves toward public markets.
