Ribbit Capital Offloads 142.1 Million Groww Shares In Major NSE Block Deal

Ribbit Capital and its affiliate Ribbit Cayman GW Holdings have sold 142.1 million shares of Billionbrains Garage Ventures, the parent company of digital stock broker Groww, via block deals on the NSE. The transaction is part of a broader institutional sell-off following the expiry of the lock-in period on May 12, 2026.

Details Of The Block Transaction

The block deal was executed at Rs 180 per share, according to market sources, as part of a larger transaction valued at approximately Rs 5,700 crore. Ribbit Capital, along with Peak XV Partners, Y Combinator, and Sequoia Capital, participated in the stake sale which was initially sized at Rs 4,750 crore but was upsized due to strong investor demand.

Impact On Shareholding Structure

Before the transaction, Ribbit Capital entities collectively held 12.36 percent stake in Groww. The sale of 142.1 million shares represents a partial exit by the early-stage investor, which had backed Groww during its startup phase and participated in the company's IPO through offer-for-sale.

Market Reaction And Investor Sentiment

Groww shares declined over 4 percent on May 12 following the block deal announcement. The lock-in expiry released approximately 400 crore shares, accounting for nearly 65 percent of pre-IPO shareholder holdings, creating supply pressure on the stock.

Key Highlights

• Ribbit Capital and Ribbit Cayman GW Holdings sold 142.1 million Groww shares
• Block deal executed at Rs 180 per share on NSE
• Part of larger Rs 5,700 crore institutional sell-off
• Lock-in period for pre-IPO investors expired on May 12, 2026
• Ribbit entities previously held 12.36 percent stake in Groww
• Kotak Securities and JP Morgan managed the transaction

Source: NSE block deal disclosures, Moneycontrol, market sources