Business • Jul 01, 2025

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.

TL;DR

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.