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Singapore's GIC secures CCI nod for Groww stake
Singapore's GIC just got the green light to invest in Groww, one of India's rising fintech startups.
This move is part of a $250-300 million funding round and is aimed at helping Groww prepare for its big stock market debut.
GIC's new investment adds to Groww's $6.5 billion valuation
GIC, investing through its arm Viggo Investment, plans to put in around $150 million—building on its earlier $250 million investment that valued Groww at $6.5 billion.
With this fresh boost, Groww is aiming for an IPO between $700 million and $1 billion, and has even reached out to Tiger Global to join in.
All eyes are on how this could shake up India's fintech scene.