Think India Master Fund Holds 16.8% of TaskUs as 13D/A Reveals Possible Deal Discussions

Rhea-AI Filing Summary

Think Investments LP and Think India Opportunities Master Fund LP report beneficial ownership positions in TaskUs, Inc. common stock. Think Investments LP beneficially owns 3,734,665 shares, representing 19.8% of the outstanding Class A common stock; Think India Opportunities Master Fund LP beneficially owns 3,157,150 shares, representing 16.8%. The shares were purchased with cash. The reporting persons state their purpose is investment and that they may explore opportunities to maximize value, including discussions relating to a recently announced take-private transaction; they have no present plans or proposals. Transactions during the past 63 days are disclosed in Exhibit I.

Positive

• Material ownership disclosed: Think Investments LP holds 3,734,665 shares (19.8%), a significant minority stake.
• Clear funding source: Purchases were made with cash, indicating straightforward acquisition financing.
• Openness to engagement: The reporting persons explicitly state they may discuss the announced take-private transaction, which could add constructive dialogue to deal negotiations.

Negative

• Potential uncertainty for shareholders: Stated intent to explore opportunities around the take-private transaction could introduce deal uncertainty or change negotiation dynamics.

Insights

Financial Analyst

TL;DR: Large disclosed equity positions near 20% could influence corporate outcomes and warrant monitoring.

The filing shows Think Investments LP holds a near-20% stake and the affiliated master fund holds 16.8%, with purchases funded by cash. These ownership levels are material relative to the 18.8 million shares outstanding cited, and the filing explicitly contemplates engagement about a recent take-private transaction. For investors, the key implications are potential governance engagement, voting influence on strategic outcomes, and possible future trading activity by the reporting persons. No legal proceedings or present plans are disclosed.

M&A Specialist

TL;DR: Significant stakes plus stated willingness to discuss a take-private deal make this filing particularly relevant to transaction dynamics.

The reporting parties disclose explicit intent to "explore further opportunities" and to discuss terms of the announced take-private transaction. At stakes approaching two-digit percentages, their involvement could affect negotiation leverage, vote outcomes, or deal terms. The filing does not specify proposals, timing, or agreements with other parties, so the exact impact on the transaction remains undefined but potentially material.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 1)

TaskUs, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

87652V109

(CUSIP Number)

Marcus A. Werner
c/o Think Investments LP, One Letterman Dr, Bldg C, Suite CM-420
San Francisco, CA, 94129
415-675-3271

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

05/09/2025

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

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).

SCHEDULE 13D

CUSIP No. 87652V109

1

Name of reporting person

Think Investments LP

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 3,734,665.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 3,734,665.00

11

Aggregate amount beneficially owned by each reporting person

3,734,665.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

19.8 %

14

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13D

CUSIP No. 87652V109

1

Name of reporting person

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

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

CAYMAN ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 3,157,150.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 3,157,150.00

11

Aggregate amount beneficially owned by each reporting person

3,157,150.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

16.8 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Stock
(b)	Name of Issuer: TaskUs, Inc.
(c)	Address of Issuer's Principal Executive Offices: 1650 INDEPENDENCE DRIVE, 1650 INDEPENDENCE DRIVE, NEW BRAUNFELS, TEXAS , 78132.
Item 2.	Identity and Background
(a)	Think Investments LP Think India Opportunities Master Fund LP
(b)	One Letterman Drive Building C, Suite CM-420 San Francisco, CA 94129
(c)	The principal occupation of Think Investments LP is being the Investment Advisor to the funds. The principal occupation of Think India Opportunities Master Fund LP is being the Master Fund to feeder funds.
(d)	The Reporting Persons have not been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) during the last five years.
(e)	During the last five years, the Reporting Person has not been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
(f)	Think Investments LP - Delaware Think India Opportunities Master Fund LP - Cayman Islands
Item 3.	Source and Amount of Funds or Other Consideration
	The Reporting Persons used cash to make the purchases of Common Stock listed on Exhibit I hereto.
Item 4.	Purpose of Transaction
	The Reporting Persons have acquired shares in the issuer for investment purposes and would like to express an intent to explore further opportunities in its business to maximize value. This may include discussions with management, the acquirers or other relevant parties with respect to the terms of the recently announced take-private transaction. The Reporting persons may, from time to time, review or reconsider their position and may formulate plans or proposals with respect to the issuer or its securities, but has no present plans or proposals in place. The Reporting Persons may from time to time and at any time, in their sole discretion, acquire or cause to be acquired, additional equity or debt securities or other instruments of the issuer, its subsidiaries or affiliates, or dispose or cause to be disposed, such equity or debt securities or instruments, in any amount that the Reporting Persons may determine in their sole discretion, through open market transactions, privately negotiated transactions or otherwise.
Item 5.	Interest in Securities of the Issuer
(a)	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 May 12, 2025, in which the Issuer stated that the number of Class A common stock outstanding as of May 2, 2025 was 18,837,801 shares.
(b)	Think Investments LP - 3,734,665.00 Think India Opportunities Master Fund LP - 3,157,150.00
(c)	Exhibit I sets forth the transactions in the Common Stock effected by the Reporting Persons during the past 63 days.
(d)	Think Investments LP is filing this Schedule 13D 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.
(e)	Not applicable
Item 6.	Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
	Not applicable
Item 7.	Material to be Filed as Exhibits.
	Exhibit I - TASK purchases - 13D Exhibit II - Joint Filing Agreement - TASK - 13D Exhibit III - TaskUs Evaluation

SIGNATURE

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.

Think Investments LP

Signature:	Marcus A. Werner
Name/Title:	Chief Compliance Officer ofThinkInvestments LP
Date:	08/26/2025

Think India Opportunities Master Fund LP

Signature:	Marcus A. Werner
Name/Title:	Chief Compliance Officer of the Investment Advisor of Think India Opportunities Master Fund LP
Date:	08/26/2025

FAQ

How many TaskUs (TASK) shares does Think Investments LP beneficially own?

Think Investments LP beneficially owns 3,734,665 shares, representing 19.8% of Class A common stock as reported.

What percentage of TASK does Think India Opportunities Master Fund LP own?

Think India Opportunities Master Fund LP owns 3,157,150 shares, equal to 16.8% of Class A common stock.

What was the source of funds for the purchases disclosed in the Schedule 13D/A?

The reporting persons state purchases were made with cash.

Does the filing state any present plans or proposals by the reporting persons?

No present plans or proposals are disclosed. The filing says they may review or formulate plans in the future.

Will the reporting persons engage with TaskUs management about the take-private transaction?

They state they may engage in discussions with management or other parties regarding the recently announced take-private transaction, but provide no details.