Marquee investors YC Holdings II LLC, Ribbit Capital V LP, and Peak XV Partners Investments VI-1 cumulatively sold ₹5,326 crore worth shares in Billionbrains Garage Ventures Ltd, the parent company of Groww, via open market transactions on May 12. The proposed transaction involved the sale of up to 268.4 million shares, representing around 4.3% of Groww's existing total outstanding shares, through one or more on-market transactions on Indian stock exchanges. As per Moneycontrol, this follows the expiry of the lock-in period for IPO investors, with the transaction executed through a vendor sale by way of one or more share sales on the screen-based trading platform of Indian stock exchanges.
The floor price for the sale has been set at ₹180 per share, reflecting an 8.5% discount to Groww's current market price of ₹193.70 on the BSE, as reported by The Economic Times. YC Holdings II LLC sold 9.1 crore shares (1.45% stake) for ₹1,642.3 crore at ₹180.34 per share, while Peak XV Partners Investments VI-1 offloaded 6.2 crore shares (0.99% stake) for ₹1,116.4 crore at ₹180.01 per share. Ribbit Capital V LP and Ribbit Cayman GW Holdings V together sold 2.26% stake for ₹2,567.1 crore, with their combined holding being 12.36% as of March 2026. According to Moneycontrol, Groww shares reacted to the block deals, closing with a loss of 5.4% at ₹183.09 after gap-down opening on the National Stock Exchange, with the stock under pressure for the fifth consecutive session, losing more than 17% in the last five days.
Among the selling investors, Peak XV Partners Investments VI-1 remains the largest public shareholder, holding more than 105 crore shares, representing a 16.88% stake in the brokerage firm as of March 2026, according to Moneycontrol. YC Holdings II, LLC, a startup accelerator and early-stage venture investor, owned over 63.24 crore shares, translating into a 10.08% equity stake in the company as of March 2026, while Ribbit Capital V L.P. held over 43.31 crore equity shares, representing a 6.90% stake as on March 31, 2026. Such deals are typically executed as block trades or large institutional placements through the exchange mechanism.
Billionbrains Garage Ventures reported exceptional financial performance in Q4 FY26, driven by rapid revenue growth and expanding profitability. Consolidated total income rose 81% year-on-year to ₹1,535.5 crore, supported by higher user activity and operating leverage, with revenue from operations nearly doubling to ₹1,468.4 crore. Profit after tax surged 122% year-on-year to ₹686.4 crore, with margins expanding sharply, while the company saw growth across mutual funds, stocks, and derivatives, underlining sustained platform momentum. The strong performance comes as the company continues to benefit from its position as one of India's largest stockbroking platforms.
Kotak Securities Ltd and J.P. Morgan India Pvt. Ltd have been appointed as placement agents for the latest block deal transaction, according to the document. The deal is entirely secondary in nature, with no fresh issuance of shares by the company. The books for the transaction are expected to close around 7 am on Tuesday with an option for an earlier close, and settlement is likely on Wednesday. The transaction is entirely secondary in nature, with no fresh issuance of shares by the company.
Groww has reported strong operational performance in recent quarters, posting a 122% rise in net profit and an 81% increase in total income in the fourth quarter of FY26, according to publicly available filings and brokerage reports. Founded in 2016, Groww has emerged as one of India's largest stockbroking platforms, with over 12.6 million active clients and around 26% market share as of June 2025, according to public disclosures. The Bengaluru-based discount broker offers brokerage services to invest in equity, IPO, and direct mutual funds, with Groww being the brand name for Groww Invest Tech Pvt Ltd, a SEBI-registered stockbroker and member of NSE and BSE. At the current market price, the stock is trading nearly 94% above its IPO price of ₹100, with the company's IPO being a ₹6,632.30 crore book-building issue comprising a fresh issue of 10.60 crore shares worth ₹1,060 crore and an offer for sale of 55.72 crore shares aggregating to ₹5,572.30 crore.
