Former Peak XV Partner Ashish Agrawal Resigns from Groww Board

Ashish Agrawal Steps Down as Nominee Director from Groww's Board

Ashish Agrawal, a key figure in Groww's early growth, has resigned from the company's board, effective April 20, 2026. Agrawal, who led early investments in Groww while at Peak XV Partners, has been closely associated with the company since its inception.

Agrawal expressed gratitude to fellow board members, founders, and the management team in a letter addressed to the board. He described his seven-year association with Groww as "a highlight" of his professional career, citing the company's growth from a young startup to a publicly traded entity. Agrawal stated that he is confident the company is in "able hands" as he transitions to a new chapter in his career.

Agrawal's association with Groww dates back to the Series A investment, which was led by Peak XV Partners. The firm built one of the largest shareholdings in the company, holding a 17 percent stake valued at approximately Rs 13,700 crore ($1.5 billion) at listing. Despite the initial public offering (IPO), Peak XV retained most of its stake, selling only Rs 1,583 crore ($178 million) worth of shares to meet regulatory requirements.

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The returns on investment were substantial, with Peak XV realizing returns exceeding 50 times on its total investment of $30–35 million. Agrawal's departure marks a transition from investor to entrepreneur, as he is set to start a new venture capital firm.