India, June 13 -- IPO-bound wealthtech startup Groww has closed its Series F funding round of $202.3 Mn (around INR 1,735 Cr) from GIC and ICONIQ Capital at a valuation of $7 Bn, sources close to the matter told Inc42.

The Bengaluru-based unicorn has seen a 250% jump in its valuation which was being reduced to under $2 Bn while shifting its domicile to India last year.

The development comes almost a week after Inc42 reported that the Bengaluru-based startup is looking to raise fresh funds ahead of its public listing.

Groww declined to comment on Inc42's queries.

The startup held an extraordinary meeting on June 6 to approve the allotment of 1.8 Cr Series F compulsorily convertible preference shares (CCPS) at INR 482.8 each to Singapor...