# GIC

Type: Company

Source: GetYourBrief — https://getyourbrief.com/entity/gic
Canonical HTML page: https://getyourbrief.com/entity/gic

## Timeline

- **2026-06-15**: Public Disclosure via Newspaper Ad — The company disclosed the filing in a newspaper advertisement, formally signaling the IPO launch process.
- **2026-06-12**: Confidential DRHP Filed — Razorpay submitted its pre-filed draft red herring prospectus to SEBI and stock exchanges via the confidential route.
- **2026-06-10**: Shareholder Approval — Shareholders approved a plan to raise Rs 2,700 crore through a fresh issue and offer for sale as part of the IPO.
- **2026-02-27**: IPO Announcement — Official plans revealed to raise $736 million via a public listing on Bursa Malaysia.
- **2026-02-24**: Investment & Institutional Rounds — Discussions with Temasek, GIC, and industry leaders regarding data centers and logistics.
- **2026-02-23**: Diplomatic & Political Engagement — Meetings with PM Lawrence Wong and Foreign Minister Vivian Balakrishnan to discuss bilateral cooperation.
- **2026-02-22**: Arrival in Singapore — UP CM Yogi Adityanath arrives to begin a three-day economic mission.
- **2026-02-18**: Unicorn Funding Pursuit — Reports emerge of a $200M raise to achieve a $1B valuation and scale orbital missions.
- **2026-02**: Unicorn Funding Pursuit — Reports emerge of a $200 million raise at a $1 billion valuation target.
- **2026-02**: IPO Announcement — Sunway Healthcare announces plans to raise $736 million via a public listing.
- **2026**: Expansion Phase — Targeted completion of new medical facilities across Malaysia.
- **2025**: Reverse Flip to India Completed — Razorpay completed its reverse flip from the US to India after receiving approvals from the RBI and Ministry of Corporate Affairs, converting into a public limited company.
- **2024-12-15**: Expansion Phase — Sunway completes major expansions at Sunway Medical Centre and opens new regional clinics.
- **2023-10-30**: Series C Funding — Raised $51 million led by GIC to scale up launch vehicle development.
- **2022-11-18**: Vikram-S Launch — Successfully launched India's first privately developed rocket into sub-orbital space.

## Recent coverage (11 stories, network-wide)

### ET Startup Awards 2026: 3 Public Exits & 1 IPO Filing in Midas Race
2026-08-21 02:57:37 · Sector: finance · Sentiment: Neutral · Impact: 5/10 · Sources: 2

The Midas Touch shortlist reveals which Indian venture investors have generated exits, with multiple public listings and a pending IPO. Publicly listed portfolio companies signal a maturing exit market.
Full story: https://getfinancebrief.com/story/finance-et-startup-awards-2026-midas-touch-exits

### SBI Funds’ $12.24B IPO Signals Busy H2 for Indian Startup Exits
2026-07-25 18:48:08 · Sector: startups · Sentiment: Strongly positive · Impact: 7/10 · Sources: 2

The $12.24 billion valuation set by SBI Funds Management in its IPO indicates robust public market appetite for financial services, boding well for upcoming IPOs from Reliance Jio, NSE, and venture-backed startups. We analyze the exit environment and what it means for India's startup ecosystem.
Full story: https://getstartupbrief.com/story/sbi-funds-12b-valuation-startup-exit-pipeline

### SBI Funds’ $12.24B IPO: A Legal Deep Dive into India’s Largest AMC Listing
2026-07-25 18:47:58 · Sector: legal · Sentiment: Strongly positive · Impact: 7/10 · Sources: 2

The $1.22 billion offer-for-sale by SBI and Amundi raises significant corporate law and regulatory considerations. We analyze SEBI compliance, shareholder rights, and the legal framework underpinning this landmark listing.
Full story: https://getlegalbrief.com/story/sbi-funds-legal-analysis-12b-ipo-ofs-sebi

### Razorpay Files for $600M IPO at $5-6B Valuation After Reverse Flipping to India
2026-06-15 04:45:03 · Sector: startups · Sentiment: Positive · Impact: 7/10 · Sources: 2

Razorpay's confidential IPO filing marks a landmark moment for Indian startup ecosystem: a $5-6 billion listing after a reverse flip, backed by YC and Peak XV, but at a lower valuation than its 2021 peak. It sets the stage for VC exits and a new realistic pricing norm.
Full story: https://getstartupbrief.com/story/razorpay-600m-ipo-valuation-down-round-startup-exit

### Razorpay Processes $180B TPV, Files for $700M IPO After Platform Expansion
2026-06-15 04:44:55 · Sector: saas · Sentiment: Positive · Impact: 7/10 · Sources: 2

Razorpay's payment infrastructure platform—handling $180 billion in annual transactions—has confidentially filed for an IPO aiming to raise up to $700 million. The SaaS-like recurring revenue from transaction fees and business banking products RazorpayX positions it as a high-growth tech listing.
Full story: https://getsaasbrief.com/story/razorpay-180b-tpv-payment-platform-ipo-filing

### Razorpay Eyes $5-6B Valuation in Confidential IPO, Down from $7.5B
2026-06-15 04:44:45 · Sector: finance · Sentiment: Positive · Impact: 7/10 · Sources: 2

Razorpay confidentially filed IPO papers with SEBI, seeking to raise $500–700 million at a $5–6 billion valuation, a sharp drop from its $7.5 billion private market peak. The move tests investor appetite for fintech and could reset valuations for the sector.
Full story: https://getfinancebrief.com/story/razorpay-confidential-ipo-filing-sebi-5-6b-valuation

### Sunway Healthcare Targets $736 Million IPO to Fuel Regional Expansion
2026-02-28 04:52:02 · Sector: finance · Sentiment: Positive · Impact: 6/10 · Sources: 2

Malaysian billionaire Jeffrey Cheah’s Sunway Healthcare is launching a $736 million initial public offering to accelerate its medical infrastructure expansion. The listing marks a significant milestone for Sunway Group as it seeks to capitalize on rising private healthcare demand in Southeast Asia.
Full story: https://getfinancebrief.com/story/sunway-healthcare-ipo-jeffrey-cheah-malaysia

### Sunway Healthcare IPO: Jeffrey Cheah’s $736M Move to Reshape SE Asia Care
2026-02-28 04:49:26 · Sector: health · Sentiment: Positive · Impact: 6/10 · Sources: 2

Sunway Healthcare, the medical arm of billionaire Jeffrey Cheah’s Sunway Group, is set to raise $736 million through an initial public offering to fund massive regional expansion. The move marks one of Malaysia's largest healthcare listings, signaling a robust appetite for private medical services in Southeast Asia.
Full story: https://gethealthbrief.com/story/sunway-healthcare-ipo-jeffrey-cheah

### UP CM Yogi Adityanath Targets Singapore Investment for Digital Infrastructure
2026-02-23 02:05:12 · Sector: finance · Sentiment: Neutral · Impact: 5/10 · Sources: 3

Uttar Pradesh Chief Minister Yogi Adityanath has arrived in Singapore for a three-day official visit aimed at securing high-level investments in digital infrastructure and advanced manufacturing. The mission focuses on aligning state-level projects with the India-Singapore Comprehensive Strategic Partnership roadmap.
Full story: https://getfinancebrief.com/story/yogi-adityanath-singapore-investment-visit-2026

### Skyroot Aerospace Seeks $200M Raise to Become India’s First Space-Tech Unicorn
2026-02-19 11:42:22 · Sector: space · Sentiment: Positive · Impact: 7/10 · Sources: 3

Hyderabad-based Skyroot Aerospace is reportedly seeking to raise between $150 million and $200 million in a new funding round. The capital injection, advised by Kotak Mahindra Capital, aims to value the company at $1 billion, potentially making it India's first space-technology unicorn.
Full story: https://getspacebrief.com/story/skyroot-aerospace-200m-funding-round-unicorn-valuation

### Skyroot Aerospace Targets $200M Raise to Become India's First Space-Tech Unicorn
2026-02-19 00:24:56 · Sector: startups · Sentiment: Positive · Impact: 7/10 · Sources: 2

Hyderabad-based Skyroot Aerospace is seeking to raise between $150 million and $200 million to accelerate its commercial launch capabilities and global expansion. The funding round, which could value the company at nearly $1 billion, would cement Skyroot's position as the leader in India's rapidly maturing private space sector.
Full story: https://getstartupbrief.com/story/skyroot-aerospace-200m-funding-round-space-tech-unicorn

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This page is a machine-readable summary. Sentiment measures the directional read of each development for this entity, not the tone of the reporting; impact weights consequence, not syndication reach. See https://getyourbrief.com/guides/methodology for the full editorial methodology.