The startup is finalizing a $150 million second tranche transaction that allows early backers to exit.
The employee and early investor auction valued the workplace trust company at over £100 million and marked the third transaction conducted under the PISCES framework.
The transaction will reportedly value the India-based D2C lifestyle brand at up to $521 million, more than 3x its last reported mark.
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.
