Peak XV Sells 1.47% Stake in Groww for Rs 1,756 Crore via Bulk Deal, Trims Holding to 14.2%
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 the NSE, in a transaction worth approximately Rs 1,756 crore.
Here's how the numbers break down. Peak XV Partners Investments VI-1, an affiliate of the venture capital firm, sold 9.17 crore shares at an average price of Rs 191.49 apiece. As of June 2026, Peak XV held a 15.68% stake in Groww, making it one of the company's largest institutional shareholders, and this latest sale represents nearly 9% of that holding, bringing its stake down to about 14.2%. Despite the sale, Peak XV and its affiliates remain Groww's largest public shareholder.
This isn't happening in isolation. The transaction comes less than a month after two of Groww's other early backers, Y Combinator and Ribbit Capital, pared their own stakes through large open-market transactions, Y Combinator sold nearly a 1.2% stake for around Rs 1,435 crore in August, while Ribbit Capital offloaded shares worth roughly Rs 2,217 crore later that same month. Including Peak XV's latest move, these three investors alone have sold Groww shares worth more than Rs 5,400 crore since August, and Peak XV had already trimmed its position earlier this year too, selling a 6.2 crore-share stake worth about Rs 1,116 crore back in May.
The business fundamentals tell a very different story from the stock's reaction. Groww reported a striking 94% year-on-year rise in net profit to Rs 735 crore for the June 2026 quarter, up from Rs 378 crore a year earlier, while consolidated operating revenue jumped 66% to Rs 1,501 crore. Yet despite these strong Q1 FY27 numbers, Groww's shares actually fell nearly 4% following the bulk deal news, a reminder that even solid earnings can take a backseat to investor-exit headlines in the short term.
The bigger picture here is really about venture capital's natural lifecycle. Early investors who backed Groww years before its public listing are now using staged, partial exits to return capital to their own limited partners, this is standard practice for a maturing portfolio company, not a signal of concern about the business itself.
From early conviction bets to multi-thousand-crore staged exits, Peak XV's continued Groww sell-down is a textbook example of how venture capital returns actually get realised, one bulk deal at a time.
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— Sandeep Raiza