Groww’s existing investors, including Sequoia Capital and Ribbit Capital, plan to sell equity worth Rs 4,750 crore via block deals with a floor price of Rs 177 per share. The announcement triggered a steep drop in Groww’s stock as traders weighed the impact of large institutional selling at a discount, raising fresh questions on demand and valuations.
Parallel Web Systems, an AI agent-tool startup founded by former Twitter CEO Parag Agrawal, has surged to a $2 billion valuation. The milestone comes only five months after its prior major funding and after raising an additional $100 million led by Sequoia. The rapid follow-on financing highlights strong investor appetite for agent tooling despite the short window.
Your news, in seconds
Get the Beige app — every story in 60 words, updated hourly. Free on iOS & Android.
Swipe through stories, personalise your feed, and save articles for later — all on the app.
