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The Economic Times

Technology

Peak XV, YC and Ribbit pocket up to 94x returns from Groww stake sales as IPO lock-in ends

Groww Peak XV IPO Ribbit Capital ET Y Combinator YCombinator

Groww delivered returns of 52-94 times for early investors — including Peak XV Partners, Ribbit Capital and Y Combinator — as they sold part of their holdings in India’s largest stockbroking platform through block deals on Tuesday, after the IPO lock-in period expired.

Peak XV’s nearly 94-times return ranks among the best venture capital outcomes in India.

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