Debt

Debt financing

Tao Digital raises Rs.133-Cr from Anicut Capital's credit fund

Business World  

Anicut Capital has invested INR 133 crore in Tao Digital Solutions , a US-headquartered IT services company, through its private credit fund, GAF-4. Tao operates on a global delivery model, with offices in the US, Canada, India, Australia, and Nigeria. The funds will be used by Tao Digital Solutions to acquire TriGeo Technologies, a move aimed at expanding its digitization services, annotation and labelling, 3D modelling, and digital twinning capabilities for better customer service. GAF-4, launched in the first quarter of the current fiscal year, is Anicut's third private credit fund with a size of INR 1,000 crore and a green-shoe option of INR 500 crore.