US-based early-stage investment firm Friale sold 1.13 crore shares of fintech company Groww in a block deal worth ₹210.4 crore. The transaction took place yesterday, with shares sold at ₹185.5 each, according to BSE data. Goldman Sachs purchased the entire lot at a nearly 2.4% discount to Groww’s last closing price on Thursday, marking a significant secondary market transaction for the fintech firm.
The deal was executed through Friale Fund IV LLC, the investment vehicle of Friale. This sale follows a series of bulk deals last month where early investors including Peak XV Partners, YC Holdings, and Ribbit Capital offloaded stakes worth ₹5,352 crore after the expiry of the six-month lock-in period for pre-IPO shareholders. The recent transactions reflect investors capitalizing on Groww’s rising share prices amid strong financial results.
Groww’s shares have surged nearly 21% over the past three months and are up 21.7% year-to-date, despite a 13.7% decline in the last month. The company reported a 122% jump in net profits to ₹686.4 crore in Q4 FY26 compared to the previous year, while operating revenue increased 88% year-on-year to ₹1,505.4 crore. Founded in 2016, Groww began as a mutual fund platform and has expanded its fintech offerings, attracting significant investor interest.
The block deal highlights ongoing investor activity in Groww’s shares following its strong quarterly performance. The company’s next earnings report is expected to provide further clarity on its growth trajectory and market position.