YC Holdings, Ribbit Capital, Peak XV Partners sell Rs 5,326 crore worth Groww shares; True North offloads 7% stake in Fedbank

About this update from Billionbrains Garage Ventures Limited

Marquee investors YC Holdings, Ribbit Capital, and Peak XV Partners cumulatively have sold Rs 5,326 crore worth shares in Billionbrains Garage Ventures, the parent company of investment platform Groww, via open market transactions on May 12.Groww shares may have reacted to block deals, closing with a loss of 5.4 percent at Rs 183.09 after gap-down opening on the National Stock Exchange. In fact, the stock has been under pressure for fifth consecutive session, losing more than 17 percent in last five days.Venture investor YC Holdings II LLC, amongst major investors, sold 9.1 crore Groww shares (1.45 percent stake) for Rs 1,642.3 crore at Rs 180.34 per share. As of March 2026, YC Holdings II, LLC, a startup accelerator and early-stage venture investor, held 10.08 percent stake and YCCG21 LP owned 1.17 percent shares in the company.Peak XV Partners Investments VI-1, an investment fund of venture capital and growth investing firm Peak XV Partners, offloaded 6.2 crore shares (0.99 percent stake) in Groww for Rs 1,116.4 crore. The selling price was Rs 180.01 per share.Peak XV Partners Investments is the largest public shareholder in the company with 16.88 percent shareholding as of March 2026.Further, Ribbit Capital V LP sold 7.9 crore shares at Rs 180.04 per share, and Ribbit Cayman GW Holdings V offloaded 6.27 crore shares in Billionbrains Garage Ventures at Rs 181.34 per share. Both in total sold 2.26 percent stake in the company for Rs 2,567.1 crore, while their holding in the company was 12.36 percent as of March 2026.All the above three investors cumulatively sold 4.7 percent stake in Groww for Rs 5,325.8 crore.On May 11, Moneycontrol was the first to report that investors Peak XV, Y Combinator and Ribbit Capital had launched a block deal to sell part stake following the expiry of the lock-in period for IPO investors.Meanwhile, the major action was also seen in Fedbank Financial Services which shares 1.86 percent to Rs 149.51 on the NSE.True North Fund VI LLP, managed by True North Managers, sold 2.56 crore Fedbank shares (6.86 percent stake) for Rs 385.4 crore to Nomura. The selling price was Rs 150 per share. Its total shareholding as of March 2026 in Fedbank was 7.26 percent.However, Nomura India Investment Fund Mother Fund bought 1.44 crore shares for Rs 216.1 crore, and TNTBC as The Trustee of Nomura India Stock Mother Fund acquired 1.12 crore shares...

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