Peak XV, Ribbit, Y Combinator offload 4.7% stake for Rs 5,352 crore in Groww block deal
13 May 2026, 07:17 PMRibbit Capital was among the major sellers, while Peak XV continues to remain one of Groww’s largest shareholders.
Share the story on
Several early backers of stock-broking firm Groww sold nearly 4.7% stake in the company through bulk deals worth around Rs 5,352 crore on Tuesday, following the end of the mandatory six-month lock-in period for pre-IPO shareholders.
As per NSE data, close to 29.52 crore shares were traded at an average price of Rs 180.4 apiece. Investors involved in the transaction included Peak XV Partners, Ribbit Capital, YC Holdings, and other institutional shareholders.
Ribbit Capital was among the major sellers, while Peak XV continues to remain one of Groww’s largest shareholders. Startup accelerator Y Combinator, through its arm YC Holdings II LLC, sold over 9.10 crore shares (1.45% stake), Peak XV Partners divested 6.20 crore shares; and venture capital firm Ribbit Capital, through its two arms, offloaded over 14.21 crore shares in the stockbroking firm.
Founded in 2016 by Lalit Keshre, Harsh Jain, Neeraj Singh, and Ishan Bansal, Groww began as a mutual fund investment platform before expanding into stock broking and wealth management services.
The Bengaluru-based company reported strong financial growth in Q4 FY26, with revenue rising to Rs 1,535.5 crore from Rs 849.5 crore a year earlier, while profit after tax stood at Rs 686 crore.
Groww currently leads India’s retail broking market with around 1.3 crore active users and a 28.48% market share as of April 2026, according to NSE data. The company competes with platforms such as Zerodha, Angel One, and Upstox.
Who Reads Us
“I enjoy reading The Head and Tale for their coverage on the Fintech landscape. The reporting is incisive and honest, and it demonstrates a sharp understanding of the industry and the issues that concern it. I'd like to extend my best wishes to Arti for her continued success.”
“Well-researched, informative and analysis based reporting makes an interesting read. 'The Head and Tale' news portal has been demonstrating this quite well covering fintech and emerging tech sectors. Their timely updates, exclusive stories and different perspectives on these sectors help me stay informed. Kudos to Arti Singh for pursuing her passion and best wishes to the team.”
“The Head and Tale stands out for its deep industry knowledge and impressive network of sources. I especially appreciate that the reporting remains independent, rarely resorting to paid puff pieces, making it a publication I can genuinely trust. Having followed Arti’s work for years, I’ve come to rely on The Head and Tale for its unparalleled insight and truly independent coverage. Arti’s long-standing presence in the sector means her reporting is always informed, with access few can match.”
“What I really appreciate about The Head and Tale is that it doesn’t just report the news, it interprets it. The stories are well-researched, comprehensive, and bold. Arti brings a fearless lens to reporting, often asking the uncomfortable but necessary questions. She makes you pause, reflect, and rethink what it all means for the payments and fintech ecosystem. It’s rare to find journalism that’s this sharp, timely, and relevant to the work we do every day.”
“I’ve always valued journalism that goes beyond surface-level headlines. The Head and Tale does exactly that - it connects the dots, asks the tough questions, and brings clarity to the shifts shaping our evolving industry. I’ve even encouraged my team members to subscribe, because staying informed through credible, deeply reported stories is as important as building products. For me, The Head and Tale has become part of essential reading.”
