#sequoia-capital
Groww shares in focus as Peak XV, Sequoia Capital, others set to offload stake worth Rs 4,750 crore
Existing investors in Billionbrains Garage Ventures, parent of Groww, plan to sell shares worth Rs 4,750 crore through secondary market transactions. The deal, involving Peak XV, Ribbit and Sequoia-backed entities, is priced at an 8.5% discount to the prevail…
Groww stake sale: Peak XV, Sequoia, others to sell equity worth Rs 4,750 crore; floor price at Rs 177/share
Existing investors in Groww, including Sequoia Capital and Ribbit Capital, plan to sell shares worth Rs 4,750 crore through block deals at a discount. The proposed transaction triggered a sharp decline in the stock price amid concerns over large institutional…