New Delhi, Feb. 26 -- Global private equity firms KKR and Partners Group are nearing a deal to lead a $120-150 million funding round in HR-tech services provider Darwinbox, said three people aware of the development, as private equity firms continue to hunt for mature tech startups closer to profitability.

The deal, likely to value the company at around $950 million, will be a mix of primary and secondary fundraise, the people said on the condition of anonymity.

"While KKR is pumping in $50 million in the company, Partners Group will pool in $55 million," the first person quoted above said.

Early investors Peak XV, Lightspeed Ventures, StartupXseed and Endiya Partners are likely to exit their investment either in part or full in a seco...