India, June 5 -- IPO-bound fintech unicorn Groww is on course to raise $202.3 Mn (around INR 1,735 Cr) in a Series F funding round from investors like GIC and ICONIQ Capital.

The startup's board will hold an extraordinary general 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 Singapore GIC (Viggo Investment Pte Ltd) and ICONIQ Capital-linked ISP VII-B Blocker GW.

The board will also allot 1,000 equity shares to GIC for INR 96,560. The startup hopes to dilute 2.86% equity shares on conversion of the preference shares. The startup will be valued at $7 Bn for the Series F round, sources said.

In a notice to shareholders, the startup board said that the p...