Anicut Capital Pours Rs 133 Crore Investment into TAO Digital Solutions

• ByStartupStory     |    December 1, 2023

Venture capital firm Anicut Capital has infused Rs 133 crore into US-based TAO Digital Solutions via its private credit fund, GAF-4, as disclosed by the investment company.

According to the statement, “Anicut Capital invests Rs 133 crore in TAO Digital Solutions through Private Credit Fund.”

The funding injection is intended for TAO Digital Solutions to facilitate the acquisition of TriGeo Technologies, thereby expanding its Digitization services, as confirmed by Anicut Capital.

TAO Digital Solutions operates on a global delivery model, with a presence in the US, Canada, India, Australia, and Nigeria, offering IT services.

Rajkumar Velagapudi, CEO of TAO Digital Solutions, expressed, “We are extremely delighted with the financing received from Anicut Capital. This will play a pivotal role in elevating our offerings to our customers and help us take the next leap in our journey. With the acquisition of TriGeo, our platform is set to incorporate digitization services, annotation and labeling, 3D modeling, and digital twinning capabilities to better serve our customers.”

Anicut Capital’s GAF-4 has deployed over Rs 220 crores in various industries like technology, ITeS, electronics manufacturing, and engineering services in the last seven months.

A Jayaseelan, Partner and Chief Credit Officer at Anicut Capital, remarked, “We are thrilled to be a part of TAO’s growth journey. We strongly believe that TAO is poised to become a market leader soon, propelled by their technological advancements and with the acquisition of TriGeo, TAO has already taken the first step in that direction.”

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