Early investors in Billionbrains Garage Ventures, the parent company of the stockbroking platform Groww, are planning to reduce their stake through a block deal estimated at ₹4,750 crore ($498 million), according to the transaction’s term sheet.
The selling investors include Peak XV Partners Investments VI-1, Sequoia Capital Global Growth Fund III – US/India Annex Fund LP, YC Holdings II LLC of Y Combinator, and entities associated with Ribbit Capital. The proposed share sale involves up to 26.84 crore shares, which accounts for approximately 4.3% of the company’s total outstanding shares.
The floor price for the deal has been established at ₹177 per share, reflecting an 8.5% discount from Monday’s closing price of ₹193.52 on the National Stock Exchange. According to the term sheet, an upsizing option remains “to be updated,” and the deal includes a 90-day lock-up period for the selling shareholders.
The block deal is anticipated to take place on Tuesday, with the transaction’s books scheduled to close around 7:00 AM. Kotak Securities Ltd and JP Morgan India Private Ltd are serving as placement agents for this transaction.
Billionbrains Garage Ventures reported robust financial results in Q4 FY26, fueled by rapid revenue growth and increasing profitability. Consolidated total income surged 81% year-on-year to ₹1,535.5 crore, supported by heightened user activity and operating leverage. Revenue from operations nearly doubled to ₹1,468.4 crore, and profit after tax rose by 122% year-on-year to ₹686.4 crore, reflecting improved margins. The company also reported growth across mutual funds, stocks, and derivatives, indicating sustained momentum for the platform.
Published on May 11, 2026.
