Tech
YC’s Groww stake worth Rs 8,000 crore post IPO, leads the way for its India portfolio
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Bengaluru-based Groww’s successful listing on the bourses today has given Silicon Valley’s marquee early stage investor Y Combinator (YC) its first major exit via the Indian public markets.
According to Groww‘s prospectus, YC, which held around 12% stake in the wealthtech, has sold 2.01% of this, or 105 million shares. With the issue being oversubscribed, the accelerator is estimated to have pocketed around Rs 1,056 crore from the sale.
Groww raised Rs 6,600 crore from the IPO at a price band of Rs 95 to Rs 100 per share, valuing the company at Rs…
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