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The latest transaction comes weeks after NewQuest sold 1.25 crore Shadowfax shares for around Rs 300.6 crore in August at Rs 240.46 per share.
The shares were acquired by a range of institutional investors, including Societe Generale - ODI and Motilal Oswal Large and Midcap Fund.
The latest deal comes days after another large block transaction on August 28, when nearly 2.95 crore Lenskart shares worth Rs 1,857 crore changed hands at Rs 630 apiece.
The latest sale marks Ribbit Capital’s second major share sale in Groww this year.
The value of securities brokers and dealer transactions via the unified payments interface (UPI) jumped 21.01% month-on-month to Rs 73,752.37 crore in July from Rs 60,945.24 crore in June.
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.
Customers who lose up to Rs 50,000 in fraudulent transactions could be eligible to receive up to Rs 25,000, or 85% of the net loss, whichever is lower.
Alipay+ has close to 1.8 billion user accounts and are used by over 150 million merchants.
The overall value of the merchant category-wise purchases via UPI rose to Rs 8.07 lakh crore in December across 13,482.38 million transactions.
Online marketplaces witnessed 126.2 million transactions worth Rs 8,350 crore via UPI payments during the month as compared to 141.2 million transactions worth Rs 10,049.11 crore.
The latest transaction has taken the private equity major's stake in PhonePe from 4.4% to 9%.
For digital payments at least one of the factors of authentication must be dynamically created that is unique to that transaction.
Digital goods: games also saw UPI payments decline to Rs 7,441 crore in August, from Rs 10,076 crore in July.
Motilal Oswal Mutual Fund acquired 26.31 lakh shares of Paytm to raise its stake to 5.15% through open market transactions.
The funding round also saw participation from Kotak Securities and existing investors.
