{
  "id": 7820764,
  "title": "Peak XV Partners Sells Groww Shares Worth ₹1,756.2 Cr",
  "url": "https://urgent.news/2026/09/16/peak-xv-partners-sells-groww-shares-worth-1-756-2-cr",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-16T15:34:04.000Z",
  "source": {
    "name": "Inc42",
    "slug": "inc42",
    "url": "https://inc42.com/buzz/peak-xv-partners-sells-groww-shares-worth-%e2%82%b91756-2-cr/"
  },
  "original_language": "en",
  "account": "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.",
  "summary": "VC firm Peak XV Partners has sold 9.17 Cr shares of fintech major Groww in a bulk deal today. As…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}