India, May 16 -- Investment tech startup Groww is reportedly planning to file draft papers with markets regulator SEBI for an initial public offering (IPO) through a confidential pre-filing route in the next two weeks.

The confidential pre-filing route allows the company to withhold disclosure of details under the draft red herring prospectus (DRHP) until later stages.

As per Moneycontrol, the fintech unicorn is eyeing a "conservative" valuation of $7-8 Bn for its IPO in the face of ongoing market uncertainty.

The report further said that Groww is also raising $150 Mn in a pre-IPO round from Singapore-based asset management firm GIC. The round will value the Bengaluru-based startup at $7 Bn on a post-money basis.

In all, the fintech s...