The Mumbai-based PE firm reportedly acquired a 2–3% stake from early investors, employees, and some founder-owned entities in the ad tech company.
The multi-strategy investment firm is reportedly considering a $350-400 million CV for four portfolio companies.
Existing investors Verlinvest and the Mirchandani family have also increased their stakes in the India-based yogurt brand.
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 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.
