Stake sale · Financial Services

Peak XV and Sequoia sell Groww shares worth ₹1,999 crore

By Startup Enthusiast · 16 September 2026

What they do

Peak XV and Sequoia sold about 10.41 crore shares (1.69% equity) in a block deal on 16 Sep 2026

Groww's stock has risen 72.8% from its listing price of ₹114 in November 2025

The deal was worth approximately ₹1,999 crore at a floor price of ₹191.45 per share

On 16 Sep 2026, about 10 crore shares (1.6% equity) of Groww were traded in a block deal on the BSE.
The deal was worth approximately ₹1,918 crore at a floor price of ₹191.45 per share.
The sellers were Peak XV Partners Investments VI-1 and Sequoia Capital Global Growth Fund III - US/India Annex Fund, LP.
A 30-day lock-up period restricts further sale of these shares.
This follows a previous block deal in August 2026 where 12.74 crore shares (2.1% equity) worth about ₹2,500 crore were sold.
Groww's stock opened at ₹194 on BSE, hit an intraday high of ₹194.45 and low of ₹188.35.
On NSE, the stock fell 4.5% to ₹188.40.
Jefferies has a 'Buy' rating on Groww with a target price of ₹240.

Peak XV held 15.68% stake in Groww before the deal, while Sequoia held 1.46%.
Groww's stock has risen 72.8% from its listing price of ₹114 in November 2025.
The stock is up 22% in 2026, outperforming the Nifty 50 which fell 11%.
Jefferies notes that F&O (futures and options) contributes about 55% of Groww's revenue.
Groww is likely to launch US stock investing services in FY27, which could contribute 5-9% to earnings by FY28.

Groww is an online investment platform offering stock broking, mutual fund distribution, and depository services.
It provides margin trading facility (MTF) with up to 4x leverage, personal loans, and loans against shares.
The platform supports trading in stocks, ETFs, gold, silver, international & index ETFs, IPOs, bonds, F&O, commodities, and mutual funds.
Groww features tools like an ETF screener, IPO tracker, stock screener (RSI, PE ratio), and F&O terminal with option chain.
It claims to be India's #1 investing platform trusted by over 2 crore active investors.
In Q1FY27, Groww reported revenue of ₹1,501 crore (up 66% YoY) and net profit of ₹735 crore (up 94.3% YoY).
Its EBITDA margin stood at 64.6% in Q1FY27, improving 230 basis points sequentially.

Groww is likely to launch US stock investing services in FY27.
Jefferies estimates the US stock business could contribute 5-9% to earnings by FY28.

Peak XV Partners Investments VI-1 (seller) — Venture capital firm, previously known as Sequoia Capital India.
Sequoia Capital Global Growth Fund III - US/India Annex Fund, LP (seller) — Global growth fund of Sequoia Capital.