Singapore's sovereign wealth fund GIC has approached the Competition Commission of India (CCI) seeking approval to acquire a 2% stake in Indian investment platform Groww. Groww recently raised $150 million from GIC as part of its funding round. The company is preparing to file for a confidential initial public offering (IPO) within two weeks. Additionally, Groww has agreed to acquire wealth management startup Fisdom in an all-cash deal valued at approximately $150 million. Fisdom, which had previously raised around $48 million, is being acquired at a valuation estimated between $140 million and $160 million. These developments mark a significant expansion for Groww ahead of its IPO.