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Canada’s OTPP set to bag $50 million stake in Darwinbox at more than $1 billion value

Ontario Teachers’ Pension Plan is nearing a $50 million investment in Darwinbox, valuing the HR SaaS firm at over $1 billion. The deal involves both primary and secondary transactions, allowing Peak XV Partners to partially exit its six-year-old investment. Darwinbox, serving over 1,000 enterprises globally, aims for continued revenue growth, driven by expansion in international markets like the US. 

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