Groww Block Deal: Ribbit Capital Plans ₹1,914-Crore Share Sale

Ribbit Capital is set to pare its holding in Groww's parent, Billionbrains Garage Ventures Ltd., through a block deal. The transaction could fetch the early investor as much as ₹1,914 crore.

The investor is offering up to 9.82 crore shares in the company, which works out to roughly 1.6% of its total equity. The shares have been offered at a floor price of ₹195 apiece.

The floor price is about 3.95% below Groww's closing price of ₹203.01 on the National Stock Exchange (NSE) on 25 August. The final size could increase if the upsize option is used.

Ribbit Capital To Sell Groww Shares

The proposed sale is entirely a secondary transaction. Groww will not receive any money from the share sale.

The shares are being offered by three entities linked to Ribbit Capital: Ribbit Capital V LP, Ribbit Cayman GW Holdings V Ltd. and GW-E Ribbit Opportunity V LLC.

J.P. Morgan India Pvt. Ltd. has been appointed as the sole placement agent for the transaction.

The deal includes a 30-day lock-up period. Buyers will also have to pay a brokerage commission of 25 basis points, apart from the usual market charges.

Ribbit was among Groww's early institutional investors. In 2019, it led a ₹154-crore Series B funding round in the company. Existing investors Sequoia Capital India and Y Combinator also participated in that round.

Early Investors Have Sold Groww Shares

The proposed Ribbit sale comes after several transactions involving Groww's early backers.

In May, up to 26.84 crore shares, or around 4.3% of Groww's equity, were put up for sale through on-market transactions. The base deal was valued at around ₹4,750 crore, with a floor price of ₹177 per share.

The prospect of a large supply of shares from early investors had weighed on Groww's stock at the time. Reports had indicated that investors such as Peak XV Partners and Y Combinator were looking to sell shares after their respective lock-in periods.

Y Combinator also sold shares last week through its affiliate YC Holdings II LLC. It sold 7.47 crore Groww shares at ₹192.16 apiece, taking the transaction value to ₹1,435.2 crore.

According to reports, the latest sale took Y Combinator's total proceeds from Groww to around ₹4,132 crore. The accelerator continued to hold an 8.6% stake in the company.

Groww's Journey From Mutual Funds To IPO

Ribbit's latest stake sale comes several years after it backed Groww when the company was still primarily a mutual fund investment platform.

In 2019, Groww offered more than 3,000 mutual fund options and had around 25 lakh registered users. More than two-thirds of them were first-time investors.

The platform has since expanded into a broader retail investment business.

Groww's parent, Billionbrains Garage Ventures, went public in November 2025. The company raised ₹6,632.3 crore through its initial public offering (IPO).

Its shares were issued at ₹100 apiece and listed at ₹114, giving investors a 14% gain on listing.

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