Anicut Capital, the venture capital powerhouse, has injected Rs 133 crore into TAO Digital Solutions through its private credit fund, GAF-4. The funding aims to fuel TAO’s strategic acquisition of TriGeo Technologies, further fortifying its position in the digitization services landscape. TAO Digital Solutions, operating globally with a footprint in the US, Canada, India, Australia, and Nigeria, specializes in providing comprehensive IT services.

Rajkumar Velagapudi, CEO of TAO Digital Solutions, expressed excitement about the financial infusion, stating, “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.”

The investment from Anicut Capital’s GAF-4 is a testament to TAO’s potential for growth and innovation. A Jayaseelan, Partner and Chief Credit Officer at Anicut Capital, commented on the collaboration, saying, “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.”

Anicut Capital’s GAF-4 has been actively deploying capital, having invested over Rs 220 crores in diverse industries, including technology, ITeS, electronics manufacturing, and engineering services, in the last seven months. The strategic investment in TAO Digital Solutions aligns with Anicut Capital’s commitment to supporting companies with promising growth trajectories and transformative strategies.

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