Ribbit Capital Sells Groww Shares Worth ₹2,217 Cr
Groww’s early backer Ribbit Capital has offloaded a cumulative 11.31 Cr shares via two bulk deals today, as per NSE…
Ribbit Capital, the early investor in Groww, recently sold shares worth ₹2,217 crore through two bulk deals. The first deal saw Ribbit Capital V selling 6.3 crore shares at ₹196 each, while Ribbit Cayman GW Holdings V sold nearly 5 crore shares at ₹196.06 each. Both transactions were executed at a minimal discount to the stock's closing price.
The total value of these deals amounted to approximately ₹2,217.3 crore, representing around 2% of Groww's equity. However, the identities of the buyers remain undisclosed. As of June 30, 2026, Ribbit Capital held a 10.1% stake or 63.35 crore shares in Groww through these two entities. Groww's chief technology officer's brother, Vikas Singh, also sold 10 lakh shares to Infina Finance Pvt Ltd on August 18.
In a related development, Y Combinator recently sold 7.47 crore shares of Groww, earning ₹1,435.2 crore, while Friale sold 1.13 crore shares to Goldman Sachs for ₹210.4 crore earlier in June. Ribbit Capital had previously offloaded 14.2 crore shares worth ₹2,567.1 crore in May, following the expiry of the six-month IPO lock-in period.
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