**Summary:**
The Competition Commission of India (CCI) has approved the acquisition of a 2.143% shareholding in Billionbrains Garage Ventures Limited (Groww) by Viggo Investment Pte. Ltd., as per the agreement dated April 28, 2025. Viggo Investment Pte. Ltd. is an investment holding vehicle and a wholly-owned subsidiary of Enterprise Holding Pte. Ltd., which is, in turn, a wholly-owned subsidiary of GIC Ventures Private Limited (GIC Investor). Groww operates an online trading platform and mobile application allowing investments in stocks, mutual funds, and other financial instruments. Groww is also involved in software designing, development, and related services, as well as marketing, innovation, and management consultancy for its group companies. The detailed order from the Commission will be released subsequently.
Key Entities Referenced
Competition Commission of India: The antitrust regulator in India that approved the acquisition.
Billionbrains Garage Ventures Limited: The target company being acquired; also known as Groww, an Indian company operating an online trading platform.
Viggo Investment Pte. Ltd.: The acquirer company.
Groww: Online trading platform and mobile application operated by Billionbrains Garage Ventures Limited, allowing investment in stocks and mutual funds.
GIC Investor: An investment holding vehicle of Enterprise Holding Pte. Ltd.
Enterprise Holding Pte. Ltd.: A wholly owned subsidiary of GIC Ventures Private Limited.
GIC Ventures Private Limited: The ultimate parent company of GIC Investor.
India: Country where Groww is incorporated.
Competition Commission of India
CCI approves acquisition of shares of Billionbrains
Garage Ventures Limited by Viggo Investment Pte.
Ltd.
Posted On: 01 JUL 2025 7:25PM by PIB Delhi
The Competition Commission of India has approved the proposed acquisition of shares of Billionbrains
G a r a g e V e n t u r e s L i m i t e d b y V i g g o I n v e s t m e n t P t e .
Ltd.
The proposed combination relates to the acquisition of 2.143% shareholding in Billionbrains Garage Ventures
Limited (Groww) by Viggo Investment Pte. Ltd. (GIC Investor) pursuant to the execution of, inter alia, a
th
Deed of Adherence and Share Subscription Agreement dated 28 April 2025.
GIC Investor is an investment holding vehicle and is a wholly owned subsidiary of Enterprise Holding Pte.
Ltd., which, in turn, is a wholly owned subsidiary of GIC (Ventures) Private Limited.
Groww is a company incorporated in India, which through its affiliates operates an online trading
platform and mobile application called “Groww”, which allows investors to invest in stocks and
mutual funds and other financial instruments. It is also engaged in the business of, inter alia; (a)
software designing, customization, testing and benchmarking, designing and development of
computer software and solutions, and providing, building, and organizing of software tools; (b)
marketing and innovation of licensed software; and (c) providing management and consultancy
services to its group companies.
Detailed order of the Commission will follow.
*****
NB/AD
(Release ID: 2141340)