India, Sept. 18 -- Just weeks before Groww filed its updated DRHP for IPO, the investment tech startup's four cofounders - Lalit Keshre, Harsh Jain, Neeraj Singh and Ishan Bansal - sold shares worth a cumulative INR 104 Cr to ICONIQ Capital's investment vehicles.

Overall, Keshre, Jain, Singh and Bansal offloaded 1.08 Cr shares together at INR 96.56 apiece to ICONIQ Capital's ISP VII-B Blocker GW, Ltd and ISP VII Blocker GW, Ltd.

The transaction, which took place in July 2025, saw Keshre sell 2.8 Mn shares and Jain offload 2.3 Mn shares to ISP VII-B Blocker GW, Ltd. Singh and Bansal sold 2.8 Mn shares each to ISP VII-B Blocker GW, Ltd and ISP VII Blocker GW, Ltd.

As a result, ICONIQ held a 4.04% stake in the company at the time of filin...