YC Holdings, Ribbit Capital, Peak XV Partners Dispose of Rs 5,326 Crore Worth Groww Shares; True North Sells 7% Stake in Fedbank

Investors Unload Shares in Groww, Parent Company of Investment Platform

Major investors YC Holdings, Ribbit Capital, and Peak XV Partners have collectively sold Rs 5,326 crore worth of shares in Billionbrains Garage Ventures, the parent company of investment platform Groww, through open market transactions on May 12. This significant sell-off has led to a decline in Groww shares, with the stock closing at a loss of 5.4 percent at Rs 183.09 on the National Stock Exchange.

The stock has been under pressure for five consecutive sessions, with a loss of more than 17 percent in the last five days. Venture investor YC Holdings II LLC, a startup accelerator and early-stage venture investor, was amongst the major investors who 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 held a 10.08 percent stake in the company.

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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 at Rs 180.01 per share. The largest public shareholder in the company, Peak XV Partners Investments, held a 16.88 percent shareholding as of March 2026.

Additionally, 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 investors cumulatively 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 three investors cumulatively sold 4.7 percent stake in Groww for Rs 5,325.8 crore. On May 11, Moneycontrol reported that investors Peak XV, Y Combinator, and Ribbit Capital had launched a block deal to sell part of their stake following the expiry of the lock-in period for IPO investors.

Meanwhile, Fedbank Financial Services saw significant action on the NSE, with its shares declining by 1.86 percent to Rs 149.51. 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 at Rs 150 per share. Its total shareholding as of March 2026 in Fedbank was 7.26 percent.

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However, Nomura India Investment Fund Mother Fund acquired 1.44 crore shares for Rs 216.1 crore, and TNTBC, the trustee of Nomura India Stock Mother Fund, bought 1.12 crore shares for Rs 169.32 crore.