India, May 15 -- Singapore's sovereign wealth fund GIC has sought the Competition Commission of India's (CCI) approval to acquire over 2% stake in IPO-bound investment tech unicorn Groww.

As per a notice submitted to the regulator, GIC's Viggo Investment Pte. Ltd. intends to acquire a 2.143% stake in Groww's parent Billionbrains Garage Ventures.

"The proposed combination relates to the acquisition of 2.143% shareholding in Groww by the GIC investor pursuant to the execution of, inter alia, a deed of adherence and share subscription agreement on 28 April 2025," the application read.

This comes a few months after reports said that Groww was in advanced talks with GIC and existing backer Tiger Global to raise a mega funding round ahead of...