Groww bulk deals: Peak XV, Y Combinator sell 1.84% for Rs 2,457 crore
By Arjun MehtaSenior Business Editor, Peepals Business
Representative image: shameersrk / Pixabay
Peak XV and Y Combinator sold about 1.84% of Groww parent Billionbrains Garage Ventures for Rs 2,456.87 crore in bulk deals on 6 November 2026.
What Happened
Two of Groww's earliest backers, Peak XV Partners and Y Combinator, sold shares in the online investment platform's parent company, Billionbrains Garage Ventures, through bulk deals on the stock exchanges on Friday, 6 November 2026. Exchange bulk-deal data cited in reports showed that more than 11.52 crore shares, about 1.84% of the company, changed hands from the sellers for a combined Rs 2,456.87 crore, at prices between Rs 211.09 and Rs 215.20 a share. The stock closed about 3.7% to 3.9% lower that day, at Rs 215 on the BSE and Rs 215.70 on the NSE.
Key Facts
- The sellers offloaded more than 11.52 crore shares, or a combined 1.84% stake in Billionbrains Garage Ventures, the company behind Groww, worth Rs 2,456.87 crore.
- Peak XV Partners, through its affiliate Peak XV Partners Investments VI-1, sold about 6.02 crore shares worth about Rs 1,295.78 crore, according to the bulk-deal data reported.
- Y Combinator, through YC Holdings II, LLC, sold 5.50 crore shares on the BSE.
- The shares were sold at prices between Rs 211.09 and Rs 215.20 each.
- Goldman Sachs also appeared in the deal data: one entity sold only 4,380 shares on the NSE, while reports said another Goldman Sachs entity bought about 3.55 crore shares worth more than Rs 764 crore. Buyers of the remaining shares were not named in the reports.
- Groww shares closed at Rs 215 on the BSE and Rs 215.70 on the NSE on 6 November, down about 3.7% to 3.9%.
- Y Combinator had earlier sold a 1.2% stake in August 2026 for Rs 1,435 crore, according to reports.
Why It Matters
Groww is an online platform for buying shares and mutual funds. Its parent company listed on the stock exchanges in November 2025, after an initial public offering that was subscribed 17.6 times. For the venture capital funds that backed it when it was a young company, the listing created a way to turn paper gains into cash.
A bulk deal is a large trade that the stock exchanges must disclose, with the names of the parties, the number of shares and the price, which is why such sales become public the same evening. Venture funds usually have a fixed life and must return money to their own investors, so steady selling after a listing is common. It does not by itself say anything about the company's business, but large blocks of shares coming on the market can weigh on the price for a few sessions, as Friday's fall suggests.
For India's start-up ecosystem, exits like this matter. When early investors are able to sell at a profit in the public market, they can return cash to their own backers and raise new funds for the next set of companies.
Peepals calculation: Rs 2,456.87 crore for 11.52 crore shares works out to an average of about Rs 213.3 a share (2,456.87 ÷ 11.52). Peak XV's portion averaged about Rs 215.2 (1,295.78 ÷ 6.02) and Y Combinator's remaining Rs 1,161.09 crore for 5.50 crore shares about Rs 211.1 (1,161.09 ÷ 5.50), so Peak XV accounted for about 52% of the shares sold. If 11.52 crore shares are 1.84% of the company, it has roughly 626 crore shares in all (11.52 ÷ 0.0184), which at the BSE close of Rs 215 suggests a market value of about Rs 1.35 lakh crore. Our calculation from the reported figures.
| Seller | Shares sold | Value |
|---|---|---|
| Peak XV Partners Investments VI-1 | About 6.02 crore | About Rs 1,295.78 crore |
| YC Holdings II, LLC | 5.50 crore | About Rs 1,161 crore (our calculation) |
| Total | More than 11.52 crore | Rs 2,456.87 crore |
Impact
Short-term: The sale added a large supply of shares in a single session, and the stock fell nearly 4% on the day.
Long-term: Each sale lowers the stake of Groww's original venture backers and widens the share of the company held by public and institutional investors. For the wider market, profitable exits from listed start-ups help keep money flowing into new Indian start-ups.
Who is affected: Retail and institutional shareholders of Billionbrains Garage Ventures, Groww's users who follow the company's fortunes, the limited partners of Peak XV and Y Combinator who receive the proceeds, and founders of younger start-ups who depend on those funds raising new money. This story describes the trades and is not a recommendation to buy or sell the shares.
Key Takeaway
Peak XV Partners and Y Combinator sold about 1.84% of Groww's parent for Rs 2,456.87 crore in bulk deals on 6 November 2026, at Rs 211.09 to Rs 215.20 a share, and the stock closed nearly 4% lower.
Questions and Answers
Who sold Groww shares in the bulk deals on 6 November 2026?
Peak XV Partners, through Peak XV Partners Investments VI-1, sold about 6.02 crore shares, and Y Combinator, through YC Holdings II, LLC, sold 5.50 crore shares. Together, more than 11.52 crore shares, about 1.84% of the company, were sold for Rs 2,456.87 crore.
Did Goldman Sachs buy or sell Groww shares?
Reports differ. One entity sold only 4,380 shares on the NSE, while another Goldman Sachs entity was reported to have bought about 3.55 crore shares worth more than Rs 764 crore.
How did the Groww share price react?
The stock closed at Rs 215 on the BSE and Rs 215.70 on the NSE on 6 November 2026, down about 3.7% to 3.9% on the day.
Why do venture investors sell shares after a listing?
Venture funds have a limited life and must return money to their own investors. Selling shares after a listing turns earlier gains into cash, which can then be returned or put into new funds.
Disclaimer: Prepared by the Peepals newsroom from publicly available sources with AI assistance. Information is accurate to the best of our knowledge at the time of publication and may change. Images may be representative. Not professional advice. Report an error via our contact page.
By Arjun Mehta, Senior Business EditorCovers Start-ups & Opportunities and more for Peepals Business. All stories by Arjun Mehta
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Arjun Mehta is a pen name of the Peepals Global Editorial Team, which researches, fact-checks and publishes every story. The portrait is an illustration.
