Anicut Capital, through its third private credit fund Grand Anicut Fund (GAF) 4, has invested Rs 133 crore in IT services firm TAO Digital Solutions. The funds will be utilized by TAO Digital Solutions to acquire data intelligence services company TriGeo Technologies, further expanding its digitization services. TAO Digital Solutions specializes in technology services, including product engineering, managed services, cybersecurity, digitization, and payment solutions. With a global presence and a team of over 2,400 professionals, the company aims to enhance its offerings through the acquisition of TriGeo.

Strategic Expansion and Digital Transformation

Rajkumar Velagapudi, CEO of TAO Digital Solutions, expressed that the investment will play a pivotal role in elevating their services and taking a significant leap in their journey. The acquisition of TriGeo will enable TAO to incorporate digitization services, annotation & labeling, 3D modeling, and digital twinning capabilities to better serve customers.

Anicut Capital’s Strategic Investments

Anicut Capital’s Grand Anicut Fund-4 (GAF-4), launched in Q1 FY24, has deployed over Rs 220 crore in sectors such as technology, ITeS, electronics manufacturing, and engineering services over the past seven months. Anicut Capital believes that TAO is well-positioned to become a market leader with its technological advancements, and the acquisition of TriGeo marks a significant step in that direction.