Y Combinator has pared its holding in Groww again, selling shares worth about Rs 1,435 crore in another major open-market transaction involving the listed fintech company.
The startup accelerator carried out the sale through its affiliate, YC Holdings II LLC, which offloaded 7.47 crore shares of Groww parent Billionbrains Garage Ventures at an average price of Rs 192.16 apiece, NSE bulk deal data showed.
Following the transaction, YC Holdings II’s stake in Groww has dropped to 7.44% from 8.63%. The exchange data did not disclose the buyers who picked up the shares.
The size of the remaining holding is notable. Despite monetising another portion of its investment, Y Combinator continues to own 7.44% of Groww, leaving it with a substantial exposure to the company even after its latest sale.
Second major Groww stake sale this year
The transaction marks Y Combinator’s second significant stake reduction in Groww this year.
In May, the accelerator sold a 1.45% stake through an open-market transaction. Y Combinator was part of a wider group of investors, including Peak XV Partners and Ribbit Capital, that collectively sold roughly 4.7% of Groww in deals valued at Rs 3,352 crore.
The latest sale therefore extends a period of partial exits by some of Groww’s existing shareholders, while Y Combinator itself remains one of the fintech company’s sizeable shareholders.
Y Combinator was an early backer of Groww and has retained a meaningful stake through the company’s growth and public-market journey. Even after the latest transaction, the accelerator continues to hold 7.44% in the company.
Groww’s profit nearly doubles in Q1 FY27
The stake sale comes alongside a strong set of quarterly numbers from Groww.
The fintech company reported net profit of Rs 735 crore in the first quarter of FY27, up 94% from Rs 378 crore in the corresponding period a year earlier.
Consolidated revenue from operations climbed to Rs 1,501 crore during the quarter, compared with Rs 904 crore in Q1 FY26.
The sharp increase in both revenue and profit gives the latest shareholder transaction a different backdrop from a conventional exit driven by deteriorating operating performance. The disclosed numbers show that Y Combinator has reduced its ownership at a time when Groww is reporting significant year-on-year financial growth.
That distinction is important because the transaction represents a reduction in ownership rather than a complete exit. Y Combinator has converted another portion of its long-held investment into cash while retaining a considerable stake in Groww.
Groww shares trade near the bulk-deal price
Groww shares were trading at Rs 194.8 apiece at 9:42 am, according to the report, compared with the Rs 192.16 average price at which YC Holdings II sold its shares.
At that quoted market price, Groww had a market capitalisation of Rs 1,22,209 crore.
The latest deal brings three numbers into focus: the Rs 1,435 crore transaction value, the 7.47 crore shares sold, and the 7.44% stake Y Combinator still retains. Together, they show that one of Groww’s early investors is continuing to realise part of its investment without severing its ownership link with the fintech company.
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