Bengaluru, January 14, 2026 – Billionbrains Garage Ventures Limited (BSE: 544603 | NSE: GROWW), the parent entity of the Groww platform, has entered into definitive agreements for a strategic investment in its asset management subsidiary, Groww Asset Management Limited (Groww AMC), involving both primary and secondary share transactions.
Under the transaction, State Street Global Advisors Inc. has agreed to invest an aggregate amount of up to ₹580.03 crore in Groww AMC. This includes up to ₹381.35 crore to be received by Billionbrains Garage Ventures from the sale of a portion of its existing stake, and up to ₹198.68 crore as fresh capital infusion into Groww AMC through primary subscription of shares.
Transaction Structure and Impact
The proposed investment will result in dilution of up to 23 percent of the fully diluted share capital of Groww AMC. Following completion, Groww AMC will cease to be a wholly owned subsidiary and will continue to operate as a subsidiary of Billionbrains Garage Ventures. Despite the dilution, the incoming investor will hold less than 5 percent of the voting power in Groww AMC.The agreements were executed on January 14, 2026, with the transaction expected to be completed within six months, subject to fulfillment of customary conditions.
Financial Profile of Groww AMC
Groww AMC acts as the investment manager to Groww Mutual Fund and manages multiple mutual fund schemes. As of March 31, 2025, the asset management arm reported income of ₹17.09 crore and a net worth of ₹177.13 crore. Its contribution to the consolidated financials of Billionbrains Garage Ventures stood at 0.42 percent of income and 3.66 percent of net worth.The company has demonstrated steady growth over the past three years, with turnover rising from ₹3.22 crore in FY23 to ₹16.94 crore in FY25.
About the Company
Billionbrains Garage Ventures Limited is a listed financial technology company best known for operating the Groww investment platform. The company is listed on both BSE and NSE and provides access to equities, mutual funds, and other financial products through a digital-first model.Source:
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