Ribbit Capital is set to sell shares worth up to ₹1,914 crore ($200 million) in Groww’s parent company, Billionbrains Garage Ventures Ltd, through a block deal, according to livemint.com. The sale involves up to 98.2 million shares, representing about 1.6% of Groww’s total shares outstanding. The floor price for the shares is set at ₹195 each, a 3.95% discount to Groww’s closing price of ₹203.01 on the National Stock Exchange on August 25.
The secondary share sale is part of a series of early investor exits from the investment platform. Ribbit Capital’s funds will execute the block deal at the floor price, which was disclosed in deal terms seen by livemint.com. The transaction follows Groww’s public listing and reflects early investors capitalizing on their holdings. The shares offered represent a small fraction of the company’s total equity, indicating a partial liquidity event rather than a full exit.
This sale highlights the trend of early-stage investors in Indian fintech startups unlocking value post-IPO through secondary transactions. Ribbit Capital’s move is notable given Groww’s position as a leading investment platform in India. Comparable secondary sales have become common among fintech firms as they mature and seek to provide liquidity options for early backers. The ₹1,914 crore block deal ranks among the larger secondary share sales in the Indian startup ecosystem this year.
The block deal is scheduled to proceed at the floor price of ₹195 per share, with Ribbit Capital managing the sale of up to 98.2 million shares. The transaction details were reported on August 25, 2026, by livemint.com, marking a significant moment for Groww’s investor base.