Affirma Capital Leads $56 Million Investment in RMSI in Partnership with 360 ONE Asset

Affirma Capital, in partnership with 360 ONE Asset and others, has announced an investment of up to $56 million in RMSI Limited, a leading engineering and geospatial services company.

The transaction, led by Affirma Capital, marks the first investment from its India-focused fund, Agastya Capital India Growth Fund, undertaken in close collaboration with 360 ONE Asset, which participated through its Secondaries and Technology-focused strategies.

Over the last decade, RMSI has emerged as a global leader in engineering services, catering to clients across navigation, mapping, telecom, utilities, and sustainability. The company’s expertise spans high-growth segments such as AI/ML data annotation, autonomous driving, augmented reality, and mapping/navigation for global technology leaders.

This investment underscores Affirma Capital’s strong experience in the technology and services space, with a portfolio that includes TBO Tek, Prodapt, and T-Map Mobility.

Leadership Comments

Udai Dhawan, Founding Partner and India Head of Affirma Capital, said:

“We’re thrilled to partner with Rajiv, Anup, and the outstanding RMSI team. RMSI is redefining what’s possible in geospatial engineering, and we’re excited to help accelerate its next phase of growth. We look forward to working closely with them to further strengthen the leadership team, pursue strategic and inorganic growth opportunities, and leverage our global network to scale the business.”

Vijay Nallan Chakravarthi, Partner at Affirma Capital, added:

“From our very first interaction with Rajiv and Anup (co-founders of RMSI), we were impressed with their vision, execution capabilities and the large market opportunity. Location services and AI/ML are becoming increasingly ubiquitous and RMSI is uniquely positioned with its strong track record and domain expertise to be a beneficiary of this opportunity. We are excited to partner with RMSI and look forward to collaborating with the management in scaling up the business leveraging Affirma Capital’s value creation playbook.”