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Peak XV Partners has offloaded a 1.47% stake in Billionbrains Garage Ventures, the parent company of stockbroking platform Groww, through a bulk deal on Wednesday. According to bulk deal data, Peak XV Partners Investments VI-1 sold 9.17 crore shares at an average price of Rs 191.49 apiece. The transaction was valued at around Rs 1,756 crore. As of June 2026, Peak XV Partners Investments VI-1 held a 15.68% stake in Groww, which made it one of the company’s largest institutional shareholders. Based on the June shareholding, the latest sale represents nearly a tenth of its holding in the company. The transaction comes less than a month after two of Groww’s early investors, Y Combinator and Ribbit Capital, pared their stakes through large open-market transactions. In August, Y Combinator, through YC Holdings II, sold nearly 7.47 crore shares, or a 1.2% stake, for around Rs 1,435 crore. Later that month, Ribbit Capital offloaded 11.31 crore shares for Rs 2,217 crore. Together, Y Combinator and Ribbit Capital sold shares worth more than Rs 3,650 crore in August. Including Peak XV’s latest transaction, the three investors have offloaded Groww shares worth over Rs 5,400 crore since August. Peak XV had also trimmed its holding in Groww earlier this year. In May, the investment firm sold 6.2 crore shares for around Rs 1,116 crore. On the financial front, Groww recorded Rs 1,501 crore in operating revenue during Q1 FY27, a 66% year-on-year increase. Its net profit nearly doubled to Rs 735 crore during the same period. Following the transaction, Groww’s shares fell nearly 4% on Wednesday to close at Rs 189.76, giving the company a market capitalization of around Rs 1.19 lakh crore ($12.5 billion).
document fetched 2026-09-17 02:50