Y Combinator trims Groww stake again, selling US$194.9M worth of shares
What's the deal? Y Combinator sold a 1.19% stake in Billionbrains Garage VenturesDealroom has a profile for this one. Try Dealroom →, the parent of Indian broking firm Groww, for US$194.9M on Tuesday. The US accelerator, through its affiliate YC Holdings II LLCDealroom has a profile for this one. Try Dealroom →, offloaded 74,687,500 shares at an average price of US$2.61 each in an open market transaction on the BSE.
Why now? The sale is Y Combinator's second in months. In May, it sold a 1.45% stake for US$223M, also through an open market transaction.
The latest deal cut YC Holdings II's stake in the Bengaluru-based company to 7.44% from 8.63%. Buyers of the shares could not be ascertained from exchange data.
The numbers: Groww, India's largest broking firm by active investors, reported net profit of US$99.8M for the quarter ended June 30, 2026 — up 94% from US$51.3M a year earlier. Consolidated revenue from operations rose 66% to US$203.8M in Q1 FY27, from US$122.8M.
What could go wrong? Shares of Billionbrains Garage Ventures settled 2.52% lower at US$2.63 on the BSE on Tuesday.
The signal: An early backer steadily paring its position, even as the company posts sharp profit and revenue growth, points to a maturing exit for one of India's most-watched fintech listings.
Read more: PTI English
Image credit: Artem Beliaikin
