GIC Seeks CCI Approval To Acquire 2.14% Stake In Groww

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SUMMARY

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…



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GIC Seeks CCI Approval To Acquire 2.14% Stake In Groww


SUMMARY

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…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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