Peak XV Partners Sells Groww Shares Worth ₹1,756.2 Cr

VC firm Peak XV Partners sold 9.17 crore shares of fintech company Groww in a large deal on today's date. According to NSE records, the firm sold the shares at ₹191.49 each, which is 1% higher compared to Groww's closing price for the day. This transaction earned the investor ₹1,756.2 crore, representing nearly 1.5% of the company's equity.

However, the buyer's identity remains undisclosed. Peak XV is Groww's biggest institutional shareholder, holding around 98.4 crore shares, or 15.7% of the company, as of June 30, 2026. Consequently, the investor has only divested about 9% of its stake in the company. Over recent months, several major investors have been selling their stakes in bulk.

Ribbit Capital offloaded 11.31 crore shares worth ₹2,217.3 crore through two large deals, while Y Combinator sold 7.47 crore shares worth ₹1,435.2 crore in a bulk deal last month. US-based early-stage investor Friale also disposed of 1.13 crore shares in a block deal worth ₹210.4 crore in June. Notably, Peak XV had previously sold 15.82 crore shares as part of the offer for sale (OFS) component of Groww's IPO, achieving a 52x return on investment.

The investor is cashing in at a time when Groww has been providing strong returns to shareholders. Its stock has increased nearly 35% year-to-date. The robust stock performance aligns with the company's financial health. Financially, Groww's consolidated net profit surged 94.3% to ₹735 crore in Q1 FY27. The startup's revenue from operations also rose 66% to ₹1,501.4 crore during the quarter.

However, the last few weeks have witnessed fluctuations in the stock price due to multiple bulk/block deals. Groww shares dropped around 4% on the NSE today, ending the day 3.89% lower at ₹189.76.