US-based startup accelerator Y Combinator has once again reduced its stake in Groww, selling nearly 1.2% in the fintech company’s parent Billionbrains Garage Ventures for Rs 1,435 crore through an open-market transaction. According to BSE bulk deal data, Y Combinator, through its affiliate YC Holdings II LLC, sold 7.47 crore shares at an average price of Rs 192.16 per share. Following the sale, YC Holdings II’s stake in Groww has fallen to 7.44% from 8.63%. The buyers involved in the transaction were not disclosed in the exchange data. This is Y Combinator’s second major stake sale in Groww this year. In May, the accelerator sold a 1.45% stake for Rs 1,642 crore through an open-market transaction. At that time, YC was among a group of early investors, including Peak XV Partners and Ribbit Capital, that collectively sold around 4.7% stake in Groww forRs 5,352 crore. The latest sale comes at a time when Groww continues to report strong financial growth. The Bengaluru-based fintech posted a 94% year-on-year jump in net profit toRs 735 crorein Q1 FY27, compared with Rs 378 crore in the year-ago period. Its consolidated revenue from operations also rose 66% year-on-year to Rs 1,501 crore during the quarter, from Rs 904 crore in Q1 FY26. Y Combinator was an early backer of Groww and has benefited significantly from the company’s growth and public-market debut. The accelerator continues to hold a sizeable 7.44% stake even after the latest transaction. Groww’s share is currently tarded at Rs 194.8 per share (as of 09.42 AM) with the total a total market capitalization of Rs 1,22,209 crore. Bareback Media has recently raised funding from a group of investors. Some of the investors may directly or indirectly be involved in a competing business or might be associated with other companies we might write about. This shall, however, not influence our reporting or coverage in any manner whatsoever. You may find a list of our investorshere.
