Friale Fund IV Sells Stake in Groww

Friale Fund IV LLC has recently made a significant move by selling part of its investment in the stockbroking platform Groww through a block deal valued at roughly Rs 210 crore. Stock exchange data indicates that Friale Fund IV has offloaded 1.13 crore shares belonging to Groww’s parent company, Billionbrains Garage Ventures, at a rate of Rs 185.50 per share. This transaction amounted to an estimated Rs 210.4 crore.

Details of the Transaction

Goldman Sachs Bank Europe SE emerged as the buyer, acquiring the full stake that Friale sold. The deal took place at a discount of about 2.4% compared to the stock’s previous closing price. This transaction is part of a trend wherein early investors in Groww are divesting their shares following the conclusion of the six-month post-listing lock-in period.

Recent Stake Sales by Investors

Last month, notable investors including Peak XV Partners, Ribbit Capital, and Y Combinator collectively sold shares exceeding Rs 5,352 crore through block deals, reflecting a broader pattern of early backers capitalising on their investments.

About Groww

Founded in 2016 by Lalit Keshre, Harsh Jain, Neeraj Singh, and Ishan Bansal, Groww began as a mutual fund investment platform before branching out into stockbroking and wealth management. According to its Q4 FY26 shareholder letter and financial results, the Bengaluru-based company reported a total revenue of Rs 1,535.5 crore for the March quarter, showing a substantial increase from Rs 849.5 crore in the same timeframe last year. Additionally, the firm disclosed a profit after tax (PAT) of Rs 686 crore in Q4 FY26.

Market Position

As of April 2026, data from the NSE indicated that Groww had approximately 1.3 crore active users and held over 28.48% market share, establishing it as the leading stockbroking platform in India by active clients. Groww faces competition from other firms such as Zerodha, Angel One, and Upstox.