Billionbrains Garage Ventures (Groww) has announced a landmark strategic investment agreement with US-based State Street Global Advisors Inc, marking a significant milestone in the expansion of its asset management operations. The investment involves Groww Asset Management Limited, which currently operates as a wholly owned subsidiary and serves as the investment manager for Groww Mutual Fund.

Strategic Investment Structure

Under the proposed transaction, State Street Global Advisors will invest up to ₹580.00 crores in Groww AMC through a carefully structured deal combining secondary share purchases and primary subscription of new shares. The transaction has been designed to comply with regulatory norms applicable to asset management companies while enabling the global fund house to participate economically in the business.

Strategic Partnership Framework

The investment structure ensures State Street Global Advisors will not hold more than 4.99% of the aggregate voting power in Groww AMC after transaction completion. As part of the deal, Groww AMC will enter into a separate strategic relationship agreement with the investor, which will come into effect on a mutually decided date. This strategic relationship is expected to open avenues for knowledge sharing, global best practices, and potential product collaboration over time.

Additional Capital Expansion Plans

Separately, Billionbrains Garage Ventures has disclosed plans to acquire additional shares in Groww AMC for up to ₹282.01 crores. This acquisition will be conducted in one or more tranches, specifically aimed at meeting working capital requirements and pursuing further growth opportunities.

Groww AMC Performance and Market Position

Groww Asset Management Limited has demonstrated exceptional growth trajectory, with the subsidiary managing schemes of Groww Mutual Fund that have been gaining significant traction among retail investors, particularly younger, first-time market participants. The company is currently classified as a non-material subsidiary but has shown strong financial performance.

State Street Global Advisors Profile

State Street Corporation, the parent company of the investor, stands as one of the world's leading financial services providers to institutional investors. The organization brings substantial global expertise and scale to the partnership.

Transaction Timeline and Impact

The strategic investment agreement was executed with completion expected within six months, subject to regulatory approvals and fulfillment of closing conditions. Upon completion, Groww AMC will transition from a wholly owned subsidiary to a regular subsidiary of Billionbrains Garage Ventures. The investment is expected to provide Groww AMC with additional capital to scale up mutual fund operations, strengthen investment capabilities, and build long-term products for Indian investors. This partnership represents Groww's continued expansion beyond its core broking platform into adjacent financial services, with mutual funds emerging as a key growth area.

Billionbrains Garage Ventures Ltd., the parent company of online investment platform Groww , is among several companies set to report financial results as the earnings season kicks off. The recently listed stock brokerage platform has announced its schedule to declare third-quarter earnings for the financial year 2025-26.

Q3 FY26 Results Declaration

Groww will announce its unaudited financial results for the quarter and nine months ended December 31, 2025, following the Board meeting scheduled for January 14. The result will likely be announced after trading hours are closed for the day. This announcement comes as more than 100 listed companies are expected to report their quarterly performance during the current earnings season.

Earnings Conference Call Details

The company will host an earnings conference call on Wednesday, January 14 at 4:30 PM IST to discuss its results for Q3 FY26. The call will be conducted via webinar format, during which the management will share insights on financial performance and address questions from participants.

Interested investors, analysts, and stakeholders need to complete registration for timely access to the webinar.

Trading Window Restrictions

Under the company's Code of Conduct and SEBI regulations, Groww announced that its trading window for designated persons and their immediate relatives would remain closed from January 1 until 48 hours after the unaudited results declaration.

Q2 FY26 Financial Performance

In the previous quarter ending September 2025, Groww reported mixed financial results compared to the same period in 2024:

Despite a decline in revenue from operations, the company demonstrated strong cost management with total expenses falling significantly, leading to improved profitability.

Stock Market Performance

Groww made its stock market debut on November 12, 2025, listing at ₹114 per share, representing a 14% premium over its issue price of ₹100. The stock has demonstrated strong performance since listing:

The upcoming Q3 FY26 results will provide crucial insights into the company's revenue growth, profitability, and overall financial health during the quarter, offering investors a clearer picture of the platform's business trajectory in the competitive online investment space.