Affirma Capital and 360 ONE Asset Invest Up To $56 Million in RMSI Limited

Affirma Capital, in partnership with 360 ONE Asset, is set to invest up to $56 million in RMSI Limited, a company focused on engineering and geospatial services. This marks the first investment by Affirma Capital's India-focused vehicle, the Agastya Capital India Growth Fund. RMSI has established a global presence, offering services in navigation, mapping, telecom, utilities, and sustainability, with capabilities extending into advanced fields such as AI/ML data annotation, autonomous driving, augmented reality, and mapping solutions for major tech clients.

Affirma Capital stated that this investment reflects their confidence in the technology and engineering services sector. They aim to leverage their expertise to help RMSI strengthen its leadership team, pursue growth opportunities, and scale its business globally. 360 ONE Asset mentioned its excitement to work with RMSI towards a potential IPO.

Impact: This substantial investment is poised to significantly accelerate RMSI's growth trajectory, enabling further innovation and expansion into critical technology domains like AI and autonomous systems. It also serves as a strong endorsement for India's expanding technology and engineering services market, potentially attracting further domestic and international capital. For RMSI, this funding is a crucial step towards scaling its operations and potentially achieving a future Initial Public Offering. Rating: 7/10.

Difficult Terms: Geospatial Engineering: Designing, developing, and implementing systems that manage, analyze, and visualize location-based data to solve real-world problems. AI/ML Data Annotation: The process of labeling raw data (such as images, text, or videos) so that machine learning models can learn from it and make accurate predictions or decisions. Autonomous Driving: The ability of a vehicle to sense its environment and operate without human involvement, commonly referred to as self-driving technology. Augmented Reality (AR): A technology that overlays computer-generated images, sounds, or other data onto a user's view of the real world, enhancing their perception. Value Creation Playbook: A structured set of strategies and best practices employed by investment firms to enhance the value of their portfolio companies. Enterprise Value (EV): A measure of a company's total value, calculated as the market capitalization plus debt, minority interest, and preferred shares, minus total cash and cash equivalents. IPO (Initial Public Offering): The process by which a privately held company can become a public company by selling its shares to the general public for the first time.