India, March 26 -- Investment tech unicorn Groww is reportedly in advanced talks with Singapore sovereign wealth fund GIC and its existing backer Tiger Global to raise a mega funding ahead of its initial public offering (IPO).

An ET report said that the Bengaluru-based company is seeking to raise $200 Mn (around INR 1,700 Cr), a deal that could value it at around $6.5 Bn.

Groww has declined to comment on the Inc42's queries related to the development.

Founded in 2017 by Lalit Keshre, Neeraj Singh and Ishan Bansal, Groww is an online discount broking platform that allows users to invest in stocks, exchange-traded funds (ETFs) and IPOs.

It counts Tiger Global, Peak XV, Propel Venture Partners, ICONIQ Growth and Y Combinator among its ma...