Early Groww investor Friale Fund sells shares worth Rs 210 crore
05 Jun 2026, 06:53 PMGoldman Sachs Bank Europe SE purchased the entire stake in the transaction.
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Friale Fund IV LLC has partially exited its investment in Groww by selling shares worth about Rs 210 crore through a block deal.
Stock exchange data showed that the investor sold 1.13 crore shares of Groww's parent company, Billionbrains Garage Ventures, at Rs 185.50 per share. Goldman Sachs Bank Europe SE purchased the entire stake in the transaction, which was executed at a discount to the stock's previous closing price.
The sale follows a wave of exits by Groww's early investors after the end of the mandatory six-month lock-in period following the company's listing. In recent weeks, investors including Peak XV Partners, Ribbit Capital and Y Combinator have also reduced their holdings through large block deals.
Founded in 2016 by Lalit Keshre, Harsh Jain, Neeraj Singh and Ishan Bansal, Groww began as a mutual fund investment platform and later expanded into stock trading and other wealth management services.
The Bengaluru-based company's revenue rose to Rs 1,535.5 crore in FY26 from Rs 849.5 crore a year earlier, while net profit stood at Rs 686 crore.
According to NSE data, Groww had around 1.3 crore active users in April 2026 and held a market share of more than 28%, making it the country's largest stockbroking platform by active clients. The company competes with platforms such as Zerodha, Angel One and Upstox.
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