Home Insight FUNDING NEWS- Newly Funded Startups 2024 TAC Security Raises INR 8.55 Cr Funding From Anchor Investors

[Funding alert] TAC Security Raises INR 8.55 Cr Funding From Anchor Investors

[Funding alert] TAC Security Raises INR 8.55 Cr Funding From Anchor Investors
[Funding alert] TAC Security Raises INR 8.55 Cr Funding From Anchor Investors
Before its first public offering (IPO), SaaS cybersecurity business TAC Security raised INR 8.55 Cr From Anchor Investors.
Trishneet Arora, Founder & CEO – TAC Security

Before its first public offering (IPO), SaaS cybersecurity business TAC Security raised INR 8.55 Cr From Anchor Investors.

There will be a new issuance of 28,29,600 equity shares as part of the IPO. The business hopes to collect approximately INR 29.9 Cr at the upper end of the price band, which has been established at INR 100-106 per share for the IPO. 1,200 equity shares are the fixed lot size, as reported by Inc42.

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NAV Capital VCC – NAV Capital Emerging Star Fund, Astorne Capital VCC, Beacon Stone Capital VCC – Beacon Stone I, Zinnia Global Fund PCC – Cell Dewcap Fund, and LC Radiance Fund VCC were among the anchor backers on the list.

According to an announcement, the Vijay Kedia-backed firm issued 8,06,400 equity shares at INR 106 each to anchor investors.

The statement also stated that Zinnia Global Fund PCC-Cell Dewcap Fund and LC Radiance Fund VCC subscribed 11.76% and Astorne Capital VCC and Beacon Stone Capital VCC-Beacon Stone I subscribed 23.51% of the total anchor book subscription, while NAV Capital VCC-NAV Capital Emerging Star Fund contributed 29.46% of the total.

About TAC Security

Founded by Trishneet Arora in 2016, TAC Security is a global leader in vulnerability management that protects Fortune 500 companies, leading enterprises, and governments around the world.

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