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The transaction marks Y Combinator’s second significant share sale in Groww this year after the six-month lock-in period for investors ended following the startup's listing late last year.
Paytm clarified that it is not involved in the proposed transaction and the founder’s direct shareholding in Paytm will remain unchanged following the block deal.
The shares were acquired by a mix of domestic mutual funds, insurance firms and global institutional investors.
The stake sale attracted participation from several domestic and international institutional investors, with Axis Mutual Fund and Fidelity among the key buyers.
The latest sale follows another transaction in June, when Peak XV divested 33.33 lakh shares of Go Digit for around Rs 100 crore.
The latest sale comes just days after Actis offloaded another 0.86% stake in Pine Labs for about Rs 152 crore.
Goldman Sachs Bank Europe SE purchased the entire stake in the transaction.
Among the buyers, Aditya Birla Sun Life Mutual Fund picked up 21.66 lakh shares worth nearly Rs 65 crore.
Several institutional investors picked up the shares, including Goldman Sachs, Morgan Stanley, Societe Generale, Kotak Securities, Tata Mutual Fund and BNP Paribas.
The buyers in the transaction included SBI Mutual Fund and Nippon India Mutual Fund.
This is the second major monetisation by Madison India Capital from its decade-old investment in Pine Labs.
Goldman Sachs, Societe Generale, and Citigroup Global Markets were major participants in the block deal, collectively acquiring a 1.34% stake in Paytm.
Ribbit Capital was among the major sellers, while Peak XV continues to remain one of Groww’s largest shareholders.
This latest divestment plan follows Antfin's previous stake reduction in May 2025, when it sold a 4% holding for Rs 2,103 crore.
