<ul data-eligibleForWebStory="true"><li>CCI has approved Singapore sovereign fund GIC's stake acquisition in fintech unicorn Groww ahead of its IPO.</li><li>GIC Ventures' subsidiary, Viggo Investment, is set to acquire a 2.14% stake in Groww after seeking CCI approval in May.</li><li>Groww recently closed a funding round, raising $202.3 Mn from GIC and ICONIQ Capital, valuing the company at $7 Bn.</li><li>Groww has filed its draft red herring prospectus (DRHP) with SEBI after the funding round, with its IPO expected to be around $700 Mn to $1 Bn.</li></ul>

CCI Approves GIC’s Investment In IPO-Bound Groww

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