TAC Security gets funding from investor Vijay Kedia


TAC Security Solutions today said it has raised an undisclosed amount in pre-Series A funding from veteran stock market investor Vijay Kedia.

The move will see Kedia joining TAC’s Board of Directors, the cyber security solutions provider said in a statement.

TAC also plans to close its Series A funding of USD 10 million within this financial year, it added.

The company has clients like Reliance Industries, Gujarat Police, Punjab Police, International Tractors (Sonalika), Amul, Avon Cycles, Ralson, and Central Bureau of Investigation (CBI), among others.

Lendingkart ropes in former execs from Amazon, PayU * Online loan platform Lendingkart today said it has made two senior-level appointments, bringing on board former executives from Amazon India and PayU India.

Vishal Chopra, who previously worked with Amazon India and Dubai-based Souq.Com, has joined Lendingkart as Chief Revenue Officer, it said in a statement.

Former PayU India VP Products, Nihit Nirmal has been appointed as Lendingkart’s Senior VP (Products), it added.


Mobikwik aims to enable 25K daily bus bookings by year-end * Mobile payments firm MobiKwik today said it aims to enable 25,000 daily bus bookings through its platform by December this year.

The company, which has over 32 million users of its mobile wallet service, has launched partial payment booking and cash pick up for paying for bus tickets using its platform.

“We are currently doing 4,000 daily bus bookings and have already seen the service grow 100 per cent in the past one month. This tremendous growth has encouraged us to look at bus booking as a separate revenue stream,” MobiKwik co-founder Upasana Taku said.

The overall bus ticket booking segment is valued at Rs 20,000 crore in India and online transactions contribute nearly 15 per cent to this segment.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)