The fashion retailer's $40 million raise includes primary capital expected to be led by A91 Partners.
Avendus Future Leaders Fund III, which is already 30% deployed, has invested ~$15 million in Parag Parikh Financial Advisory Services via secondary.
The Series H round will combine primary and secondary capital, giving the fintech a post-money valuation of $4.5 billion.
The pre-IPO funding round, which included a mix of primary and secondary capital, reportedly valued the dairy producer at $1.1 billion.
The firm is reportedly seeking to offload at least 40% of its holdings, in a deal that would value the Singapore-based company at $5 billion.
The transaction, which saw participation from existing backer LeapFrog, provided early investors with an exit.
The reported stake divestment by General Atlantic marks a ~15% uplift over the TikTok parent's valuation in a November share auction.
Secondary capital represented ~54% of the identity verification startup's equity raise.
The payment solutions provider's follow-on funding was secured from WestBridge Capital.
The secondary share sale benefited 259 current and former employees of the customer engagement platform.
