Peak XV Sells 1.47% Stake in Groww for Rs 1,756 Cr via Bulk Deal

Peak XV Partners sold a 1.47% stake in Billionbrains Garage Ventures (Groww's parent company) via a bulk deal for Rs 1,756 crore. The deal follows share sales by Y Combinator and Ribbit Capital in August. Groww shares fell 4% to Rs 189.76, with market cap around Rs 1.19 lakh crore ($12.5 billion).

• Peak XV sold 9.17 crore shares at an average price of Rs 191.49
• Deal value approximately Rs 1,756 crore
• Since August, three investors sold Groww shares worth over Rs 5,400 crore
• Groww Q1 FY27 revenue at Rs 1,501 crore, up 66% year-on-year