Stake sale · Financial Services

Groww founders sell 0.23% stake for ₹250–260 crore after IPO lock-in expiry

By Startup Enthusiast · 11 May 2026

Date: 11 May 2026
Company: Groww
What it does: stock broking and wealth management platform
Kind: Stake sale
Amount: ₹250-260 crore
Stage: public
Founded: 2016
Sector: Financial Services

What they do

Groww is a stock broking and wealth management platform with over 1.3 crore active users and 28.48% market share in India

What happened

Founders sold 0.23% stake worth ₹250–260 crore, likely to fund startups and philanthropy, following the expiry of the six-month IPO lock-in period

Why it matters

The sale marks the founders' first major liquidity event in nearly a decade, with proceeds expected to support new ventures and charitable initiatives

The details

Groww founders sold 0.23% stake worth ₹250–260 crore after the six-month IPO lock-in period expired on May 12, 2026.
Lalit Keshre, Ishan Bansal, Neeraj Singh, and Harsh Jain are the founders of the wealth-tech firm.
Peak XV Partners, Ribbit Capital, and Y Combinator also sold parts of their holdings in bulk deals worth ₹5,352 crore.
Groww's market capitalisation reached ₹1.17 lakh crore as of May 19, 2026, nearly doubling from its IPO valuation of ₹62,000 crore.
Peak XV Partners turned an investment of ₹232 crore into a holding worth ₹22,000 crore, with a return of nearly 95X.
Groww's share price closed at ₹186.4 on May 19, 2026, with the company reporting a 122% year-on-year jump in fourth-quarter net profit at ₹686 crore.

The bigger picture

Groww is India's largest stock broking platform by active users, with 1.3 crore active users and 28.48% market share.
Groww started as a mutual fund investment platform before expanding into stock broking, derivatives trading, and wealth management.
Groww's promoters hold 27.4% stake, the highest in new-economy companies, and are active angel investors in other startups.
Groww's share price has almost doubled since its listing on November 12, 2025, with most pre-IPO investors sitting on massive gains.

About the business

Groww is a stock broking and wealth management platform that allows users to invest in stocks, ETFs, IPOs, and mutual funds.
Groww offers real-time tracking of stock holdings, intraday monitoring, ETF screening, and IPO tracking.
Groww provides demat account services, futures and options trading, and commodities trading in Crude Oil, Gold, and Silver.
Groww has over 1.3 crore active users and 28.48% market share in India's retail broking market.
Groww competes with firms like Zerodha, Angel One, and Upstox.

The deal

Type: stake-sale

Investors

Peak XV Partners (investor) — Venture capital firm that invested **₹232 crore** in **Groww** before its IPO.
Ribbit Capital (investor) — Invested in **Groww** and sold part of its stake in bulk deals.
Y Combinator (investor) — Invested in **Groww** and sold part of its stake in bulk deals.

Founders

Lalit Keshre, co-founder
Ishan Bansal, co-founder
Neeraj Singh, co-founder
Harsh Jain, co-founder

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