HR tech company Rippling has successfully raised $200 million in a Series F funding round led by Coatue, achieving a valuation of $13.5 billion. This marks a significant increase from its previous valuation of $11.25 billion in March 2023. Concurrently, Rippling is facilitating a $590 million tender offer, allowing current and former employees to sell $200 million worth of shares, while seed investors can sell $390 million. The company, which has a substantial team in India, is expected to generate considerable liquidity for its stakeholders through this offer. Rippling's growth is underscored by its annual recurring revenue (ARR) reaching approximately $350 million in 2023, up from around $3 million in 2019.