SC 13G 1 task2024_sc13ga.htm Schedule 13G

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No. )*

 

TaskUs, Inc.

(Name of Issuer)

Class A Stock

(Title of Class of Securities)

87652V109

(CUSIP Number)

Think Investments LP
One Letterman Drive
Building C, Suite CM-420
San Francisco, CA 94129
(415) 675-3271

(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

December 31, 2023

(Date of Event which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
x  Rule 13d-1(b)
x  Rule 13d-1(c)
¨  Rule 13d-1(d)

* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

1.   NAMES OF REPORTING PERSONS

Think Investments LP		    
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(see instructions)
(a)    ¨
(b)    ¨		    
3.   SEC USE ONLY
 		    
4.  

CITIZENSHIP OR PLACE OF ORGANIZATION
 

 Delaware

    
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH   5.   SOLE VOTING POWER
 
0
  6.   SHARED VOTING POWER
 
1,465,829
  7.   SOLE DISPOSITIVE POWER
 
0
  8.   SHARED DISPOSITIVE POWER
 
1,465,829
9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

1,465,829		    
10.  

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(see instructions)    ¨

 

    
11.   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

7.60%		    
12.   TYPE OF REPORTING PERSON (see instructions)

IA		    
 
1.  

NAMES OF REPORTING PERSONS

 
Think India Opportunities Master Fund LP

    
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(see instructions)
(a)    ¨
(b)    ¨		    
3.   SEC USE ONLY
 		    
4.   CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware

 

 

  
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH   5.   SOLE VOTING POWER
 
0
  6.   SHARED VOTING POWER
 
1,465,829
  7.   SOLE DISPOSITIVE POWER
 
0
  8.   SHARED DISPOSITIVE POWER
 
1,465,829
9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

1,465,829		    
10.  

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(see instructions)    ¨

 

    
11.   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

7.60%		    
12.   TYPE OF REPORTING PERSON (see instructions)

PN		    
 

Item 1.

  (a) Name of Issuer
TaskUs, Inc.
 
  (b) Address of Issuer’s Principal Executive Offices
1650 Independence Drive, Suite 100, New Braunfels, Texas
 

Item 2.

  (a)

Names of Persons Filing

Think Investments LP
Think India Opportunities Master Fund LP 
 
  (b) Address of the Principal Office or, if none, residence
One Letterman Drive
Building C, Suite CM-420
San Francisco, CA 94129
 
  (c)

Citizenship
Think Investments LP - Delaware
Think India Opportunities Master Fund LP. - Cayman Islands

 
  (d) Title of Class of Securities
Class A Common Stock
 
  (e) CUSIP Number
87652V109
 

Item 3.  If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

  (a) ¨ Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).
 
  (b) ¨ Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
 
  (c) ¨ Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).
 
  (d) ¨ Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).
 
  (e) x An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);
 
  (f) ¨ An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);
 
  (g) ¨ A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);
 
  (h) ¨ A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
 
  (i) ¨ A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
 
  (j) ¨ Group, in accordance with §240.13d-1(b)(1)(ii)(J).
 

Item 4.  Ownership.

The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.

The calculation of percentage of beneficial ownership was derived from the Issuer’s Quarterly Statement on Schedule 10-Q filed with the Securities and Exchange Commission on November 7, 2023, in which the Issuer stated that the number of Class A common stock outstanding as of November 1, 2023 was 19,286,977 shares.

Item 5.  Ownership of Five Percent or Less of a Class.

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following  [ ].

Item 6.  Ownership of More than Five Percent on Behalf of Another Person.

Think Investments LP is filing this Schedule 13G because, as the investment adviser of one or more investment partnerships or pooled investment vehicles that beneficially hold the Securities, Think Investments LP has been granted the authority to dispose of and vote such Securities. The investment partnerships have the right to receive (or the power to direct the receipt of) dividends received in connection with ownership of the Securities, and the proceeds from the sale of the Securities.

Item 7.  Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.

Not applicable.

Item 8.  Identification and Classification of Members of the Group.

Not applicable.

Item 9.  Notice of Dissolution of Group.

Not applicable.

Item 10.  Certification.

   
 
     

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

February 15, 2024

Date

/s/ Jennifer Kim

Signature

Name: Jennifer Kim

Title: Chief Financial Officer of Think Investments LP

/s/ Jennifer Kim

Signature

Name: Jennifer Kim

Title: Chief Financial Officer of the Investment Advisor of Think India Opportunities Master Fund LP