Early investors for Billionbrains Garage Ventures, the parent company of stockbroking platform Groww, don begin to sell their stake through a block deal wey worth about ₹4,750 crore, wey be $498 million. According to the term sheet of the transaction, the selling investors include Peak XV Partners Investments VI-1, Sequoia Capital Global Growth Fund III – US/India Annex Fund LP, YC Holdings II LLC of Y Combinator, and entities wey be affiliated with Ribbit Capital.
The term sheet show say there be upsizing option wey still remain “to be updated”. The deal carry a 90-day lock-up period for the selling shareholders. The block deal go happen on Tuesday, with books for the transaction wey go close around 7 in the morning. Kotak Securities Ltd and JP Morgan India Private Ltd dey act as placement agents for the transaction.
Billionbrains Garage Ventures report strong financial performance for Q4 FY26, wey be say revenue dey grow fast and profitability dey expand. The company also see growth across mutual funds, stocks, and derivatives, wey show say platform momentum dey continue.
Shares of Billionbrains Garage Ventures, wey trade as Groww, fall as much as 7% on Tuesday amid heavy trading volumes after the company’s six-month shareholder lock-in period expire today. The decline come worsen because of reports of a large block deal by existing investors wey include Peak XV Partners, Y Combinator, and Ribbit Capital.
Groww shares wey start trading on November 12, 2025, still dey trade nearly 88% above their IPO price of ₹100 apiece. The stock gain around 19% so far for calendar year 2026, but e decline nearly 6% over the past one month.
According to reports, several marquee investors for Billionbrains Garage Ventures dey look to offload shares worth nearly ₹5,637 crore through a secondary stake sale. The timing of the transaction coincide with the expiry of Groww’s six-month post-IPO lock-in period, wey don unlock a substantial portion of the company’s equity for trading.
About 68% of the company’s outstanding equity don become eligible for trading after the lock-in expiry. However, the expiry no mean say dem go sell immediately, but e only allow eligible shareholders to trade their holdings.
For the quarter wey end on March 31, 2026, Groww report a sharp 122% year-on-year jump for net profit to ₹686 crore, compared with ₹309 crore for the same period last year. For the full financial year FY26, Groww post a net profit of ₹2,083 crore, up around 14% from ₹1,824 crore for FY25. Annual revenue rise to ₹4,645 crore compared with ₹3,902 crore for the previous fiscal. Groww maintain a strong liquidity position, with cash and cash equivalents standing at ₹11,654 crore.
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