GIC Seeks CCI Approval To Acquire 2.14% Stake In Groww

GIC plans to invest an undisclosed amount of capital in Groww’s parent Billionbrains Garage Ventures through its vehicle Viggo Investment Pte. Ltd.

In March, it was reported that Groww was in advanced talks with GIC and existing backer Tiger Global to raise $200 Mn at a likely valuation of around $6.5 Bn

This comes at a time when the investment tech major is preparing for its IPO and has roped in JPMorgan Chase & Co. and Kotak Mahindra Bank to helm the issue

Singapore’s sovereign wealth fund GIC has sought the…