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The shares were acquired by a range of institutional investors, including Societe Generale - ODI and Motilal Oswal Large and Midcap Fund.
ICICI Prudential Life Insurance Company was the largest buyer in the transaction, acquiring 1.03 crore shares worth nearly Rs 160 crore.
The shares were picked up by a clutch of institutional investors, including Integrated Core Strategies (Asia), Singularity Large Value Fund III and F3 Advisors.
The latest sale marks Ribbit Capital’s second major share sale in Groww this year.
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.
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 exit from HBOX was facilitated after the startup secured growth capital from Charlesbank Technology Opportunities Fund.
These share sale comes days after Elevation Capital, formerly known as SAIF Partners, trimmed its stake in Paytm.
The venture capital firm continues to hold over a 13% stake, which is valued at over Rs 11,000 crore, in Paytm.
The funding round was led by Goldman Sachs Alternatives, part of Goldman Sachs Alternatives, and A91 Partners.
