Singapore’s sovereign wealth fund rel=”dofollow” href=”https://economictimes.indiatimes.com/general-insurance-corporation-of-india/stocks/companyid-12266.cms” data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank”>GIC has approached the Competition Commission of India (CCI) to seek approval for acquiring a 2.14% stake in Bengaluru-based fintech startup Groww. The investment is part of a larger funding round estimated at $250-300 million.
GIC is expected to lead the round with an infusion of around $150 million, while Groww has also engaged with existing investor Tiger Global to participate. data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/tech/technology/groww-in-talks-to-raise-pre-ipo-financing-at-6-5-billion-sources/articleshow/119481682.cms?from=mdr” data-type=”tilCustomLink” target=”_blank”>ET had first reported on the financing in its March 26 edition.
GIC has sought the CCI nod through Viggo Investment, a special purpose…
