GIC in talks with India-based app Little on possible funding: report

GIC is in talks with India-based app "Little" for a potential US$50-million financing round, according to The Times of India (TOI), which cited sources.

This comes after the consumer lifestyle deals app Little raised US$50 million in July this year, from Paytm - which is backed by Alibaba - Tiger Global and SAIF Partners.

"This is one of the significant bets by GIC in the new economy space in India, besides its large backing in Flipkart. The discussions are under way and they are looking to put a big cheque in the company," TOI quoted a source as saying.

Little's chief Manish Chopra declined to comment, while a GIC spokesperson did not respond to an email from TOI, the report added.