Existing investors in Groww’s parent, Billionbrains Garage Ventures, are planning a secondary equity sale worth up to Rs 4,750 crore through a block deal. The investors include Peak XV Partners, Sequoia Capital, Ribbit Capital and YC Holdings. A term sheet cited by one outlet says the sellers are likely to offload up to 26.84 crore shares. The floor price is set at Rs 177 per share, which is reported as an 8.5% discount to the prevailing BSE market price of Rs 193.70 at the time of reporting. The sale is expected to be conducted via vendor sale(s) executed on exchange trading platforms, such as screen-based block trades or large institutional placements. One report also notes that the company’s shares fell on the day of reporting. Among the sellers, Peak XV Partners Investments VI-1 is described as the largest shareholder, with more than 105 crore shares (16.88% stake). YC Holdings II, LLC is reported with over 63.24 crore shares (10.08%), while Ribbit Capital and Sequoia Capital each hold smaller stakes. Groww is a Bengaluru-based SEBI-registered discount broker established in 2016.
PE investors plan block deal to sell up to Rs 4,750 crore stake in Groww parent
Existing investors in Groww’s parent, Billionbrains Garage Ventures, are planning a secondary equity sale worth up to Rs 4,750 crore through a block deal. The investors include Peak XV Partners, Sequo...
- Peak XV Partners, Sequoia Capital, Ribbit Capital and YC Holdings are selling equity in Groww’s parent Billionbrains Garage Ventures via a block/deal structure on stock exchanges.
- The sale is valued at up to Rs 4,750 crore, with sellers potentially offloading up to 26.84 crore shares.
- The floor price is Rs 177 per share, reported as an 8.5% discount to the prevailing BSE price of Rs 193.70 at the time cited.
- The transaction is structured as a vendor sale through one or more share sales on exchange trading platforms (screen-based execution).
- Peak XV is reported as the largest seller, holding more than 105 crore shares (16.88%), followed by YC Holdings with over 63.24 crore shares (10.08%).
Existing investors of Billionbrains Garage Ventures (Groww) - Peak XV, Sequoia Capital, Ribbit and YC Holdings - will sell shares worth Rs 4,750 crore, wherein they are likely to offload up to 26.84 crore shares, according to a deal term sheet. The floor price is set at Rs 177 per share, which is an 8.5% discount from the current market price of Rs 193.70 on the BSE.The transaction will be executed through a vendor sale by way of one or more share sales on the screen-based trading platform of Indian stock exchanges. This typically refers to a secondary share sale executed via a block deal or a large institutional placement conducted through the exchange screen.The stock today fell by Rs 11 or 5.37% over the Friday closing price of Rs 204.70.Peak XV Partners Investments VI-1 is the largest shareholder among the selling investors, holding more than 105 crore shares, representing a 16.88% stake in the brokerage firm. Meanwhile, YC Holdings II, LLC owns over 63.24 crore shares, translating into a 10.08% equity stake in the company.Ribbit Capital V L.P. held over 43.31 crore equity shares, representing a 6.90% stake as on March 31, 2026 while Sequoia Capital Global Growth Fund III - U.S./India Annex Fund, L.P. held over 9.85 crore equity shares, accounting for a 1.57% stake.Established in 2016, the Bengaluru-based discount broker offers brokerage services to invest in equity, IPO, and direct mutual funds. Groww is the brand name for Groww Invest Tech Pvt Ltd, which is a SEBI-registered stockbroker and a member of NSE and BSE.At the current market price, Groww shares are trading 94% higher from the IPO price of Rs 100. Its public issue was launched in November and the stock made its market debut on November 12, 2025.Groww IPO was a book building issue of Rs 6,632.30 crores which was a combination of fresh issue of 10.60 crore shares aggregating to Rs 1,060 crore and an offer for sale (OFS) of 55.72 crore shares aggregating to Rs 5,572.30 crores.
3 months agoPeak XV Partners, Sequoia Capital and Ribbit Capital plan to pare holdings in Groww's parent through a block deal worth up to Rs 4,750 crore
3 months ago
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