Empty trading floor at night with financial data on screens
US-based early-stage investment firm Friale has divested its stake in fintech major Groww, selling 1.13 Cr shares for ₹210.4 Cr through a block deal. The transaction, executed via Friale Fund IV LLC, saw shares sold at ₹185.5 each. Goldman Sachs was the buyer for the entire block of shares.
The deal was executed at a discount of approximately 2.4% to Groww’s closing price on Thursday. This move follows a significant divestment by other early backers, including Peak XV Partners and Ribbit Capital, who sold stakes worth ₹5,326 Cr last month after their six-month lock-in period expired. These sales by early investors aim to capitalize on the recent surge in Groww’s share price.
Groww’s stock has seen a notable increase, rising nearly 21% in the past three months and over 21.7% year-to-date. However, the stock experienced a dip of 13.7% in the last month. This performance is underpinned by the company’s robust financial results, with net profits soaring 122% to ₹686.4 Cr in Q4 FY26, compared to ₹309.1 Cr in the previous year. Operating revenue also saw substantial growth, increasing 88% year-over-year to ₹1,505.4 Cr.
Founded in 2016, Groww has expanded from a mutual fund investment platform to offering a comprehensive suite of wealth management products, including stockbroking services. The company’s shares closed at ₹190.05 on the BSE, a 0.64% increase from the previous trading session.
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