Avendus Future Leaders Fund III, which is already 30% deployed, has invested ~$15 million in Parag Parikh Financial Advisory Services via secondary.
The investment in the Colombian fintech comprised a mix of primary and secondary capital.
The participants plan to expand the range of transferable private credit assets and improve verification as tokenized secondary markets develop.
The firm is eyeing up to $150 million in final commitments to pursue late-stage secondary deals across India and Southeast Asia.
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.
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.
