Early investors in Billionbrains Garage Ventures, the parent of stockbroking platform Groww, are set to pare stake through a block deal worth about ₹4,750 crore ($498 million), according to the term sheet of the transaction.
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 affiliated with Ribbit Capital.
The proposed share sale involves up to 26.84 crore shares, representing around 4.3 per cent of the company’s existing total shares outstanding.
Floor price: ₹177
The floor price for the deal has been set at ₹177 per share, reflecting an 8.5 per cent discount to Monday’s closing price of ₹193.52 on the National Stock Exchange.
The term sheet said an upsizing option remains “to be updated”. The deal carries a 90-day lock-up period for the selling shareholders.
The block deal is expected to be conducted on Tuesday, with books for the transaction scheduled to close around 7 in the morning.
Kotak Securities Ltd and JP Morgan India Private Ltd are acting as placement agents for the transaction.
Billionbrains Garage Ventures reported a strong financial performance in Q4 FY26, driven by rapid revenue growth and expanding profitability.
Consolidated total income rose 81 per cent on-year to ₹1,535.5 crore, supported by higher user activity and operating leverage. Revenue from operations nearly doubled to ₹1,468.4 crore. Profit after tax surged 122 per cent y-o-y to ₹6,86.4 crore, with margins expanding sharply. The company also saw growth across mutual funds, stocks, and derivatives, underlining sustained platform momentum.
Published on May 11, 2026