State Street to Invest Rs 580 Crore in Groww AMC, Acquiring 23% Stake

• US financial giant State Street Investment Management will invest $65 million (Rs 580 crore) in Groww AMC.
• The investment will be made in one or more tranches and aims to accelerate Groww AMC's asset management business.
• Groww AMC, a wholly-owned subsidiary of Billionbrains Garage Ventures, will use the funds for working capital and growth opportunities.
• The deal values Groww AMC at approximately Rs 2,600 crore, with State Street acquiring a 23% stake and 4.9% voting rights, pending regulatory approvals.
• Groww AMC manages Groww Mutual Fund, which had an asset base of Rs 4,200 crore as of January 2026.

Why It Matters: State Street's significant investment in Groww AMC will boost its asset management business and growth.