About Tagit
Tagit is a company based in Singapore (Singapore) founded in 2004 by Sajjad Ahmad Akhtar.. Tagit has raised $9 million across 1 funding round from investors including SRA IP Solutions. The company has 296 employees as of April 07, 2024. Tagit offers products and services including Retail Banking, Corporate Banking, Digital Onboarding, and Family Banking. Tagit operates in a competitive market with competitors including Granicus, Flybits, Voxeo, Sapio and Peppermint Innovation, among others.
- Headquarter Singapore, Singapore
- Employees 296 as on 07 Apr, 2024
- Founders Sajjad Ahmad Akhtar
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Sectors
Government & Social SectorFinancial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Tagit (India) Private Limited
- Date of Incorporation 21 Oct, 2005
- Jurisdiction Kanchipuram, Tamil Nadu, India
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Annual Revenue
$8.35 M (USD)3as on Mar 31, 2024
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Net Profit
$231.6 K (USD)-54.48as on Mar 31, 2024
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EBITDA
$639.45 K (USD)-42.71as on Mar 31, 2024
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Total Equity Funding
$9 M (USD)
in 1 rounds
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Latest Funding Round
$9 M (USD), Series A
May 10, 2016
- Investors
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Employee Count
296
as on Apr 07, 2024
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Products & Services of Tagit
Tagit offers a comprehensive portfolio of products and services, including Retail Banking, Corporate Banking, Digital Onboarding, and Family Banking. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for retail banking services and user experiences
Solutions for corporate digital transformation and services
System for seamless customer acquisition processes
Tools for family-oriented smart banking solutions
Unlock access to complete
Funding Insights of Tagit
Tagit has successfully raised a total of $9M through 1 strategic funding round. The most recent funding activity was a Series A round of $9 million completed in May 2016. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series A — $9.0M
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First Round
First Round
(10 May 2016)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2016 | Amount | Series A - Tagit | Valuation | SRA IP Solutions |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Tagit
Tagit has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include SRA IP Solutions. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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It delivers comprehensive solutions of it solutions.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Tagit
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Tagit
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Tagit Comparisons
Competitors of Tagit
Tagit operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Granicus, Flybits, Voxeo, Sapio and Peppermint Innovation, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based solutions for government transparency and citizen engagement are provided.
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| domain | founded_year | HQ Location |
Context-as-a-Service platform is delivered for banking mobile applications.
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| domain | founded_year | HQ Location |
IVR and VoIP platforms for customer service automation are hosted.
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| domain | founded_year | HQ Location |
AI-driven software for government decision-making and citizen feedback is offered.
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| domain | founded_year | HQ Location |
Proprietary mobile banking technology is commercialized for financial institutions.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Tagit
Frequently Asked Questions about Tagit
When was Tagit founded?
Tagit was founded in 2004 and raised its 1st funding round 12 years after it was founded.
Where is Tagit located?
Tagit is headquartered in Singapore, Singapore.
Is Tagit a funded company?
Tagit is a funded company, having raised a total of $9M across 1 funding round to date. The company's 1st funding round was a Series A of $9M, raised on May 10, 2016.
How many employees does Tagit have?
As of Apr 07, 2024, the latest employee count at Tagit is 296.
What is the annual revenue of Tagit?
Annual revenue of Tagit is $8.35M as on Mar 31, 2024.
What does Tagit do?
Tagit was founded in 2004 in Singapore and operates in the digital engagement sector. The Mobeix Digital Platform is utilized to deliver solutions for governments and banks. Citizen engagement services under Digital Government and banking solutions via Digital Banking are included in the offerings. Clients such as Rogers Capital, MUFG, Sport Singapore, MCB, PNB, Citi Bank, and Axis Bank are served through these platforms.
What products or services does Tagit offer?
Tagit offers Retail Banking, Corporate Banking, Digital Onboarding, and Family Banking.
Who are Tagit's investors?
Tagit has 1 investor. Key investors include SRA IP Solutions.